Question: At the time he purchased his variable annuity, Ahmed directed $ 5 , 0 0 0 of his premium into Subaccount A when the unit
At the time he purchased his variable annuity, Ahmed directed $ of his premium into Subaccount A when the unit value was $ A year later, the unit value had increased to $ Assuming he made no additional premium deposits, what is the value of Ahmed's investment in Subaccount A now?
a $
b $
c $
d $
Which feature of indexed annuities prevents any negative index returns from affecting the contract's previously credited and accumulated values?
a the participation rate
b the cap
c the margin
d the floor
For an indexed annuity, what is credited to the contract at the end of each interest crediting term?
a the index interest rate
b the minimum guaranteed interest rate
c the index interest rate or the minimum guaranteed interest rate, whichever is greater
d the index interest rate or the minimum guaranteed interest rate, whichever is less
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