Question: 3. Identify the annuity settlement options that are typically found in a fixed annuity. 4. Describe the basic characteristics of a variable annuity. 5. Briefly

3. Identify the annuity settlement options that are typically found in

3. Identify the annuity settlement options that are typically found in a fixed annuity. 4. Describe the basic characteristics of a variable annuity. 5. Briefly explain the characteristics of the following annuities a. Fixed indexed annuity b. Longevity annuity c. Qualified longevity annuity contract (QLAC) d. Multi-year guaranteed annuity (MYGA) 6. Explain the eligibility requirements for a traditional IRA. 7. What are the annual contribution limits to an IRA? 8. Explain the basic characteristics of a traditional IRA. 9. Describe the major characteristics of a Roth IRA

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