oncepts, $2$nd Edition, Revised Online Certification Exam

Annuity Concepts, $2$nd Edition, Revised Online Certification Exam

Test Id: $287338097$

Question #$42$ of $50$

Question ID: $543967$

You have an elderly client who is interested in purchasing an annuity. It might be inappropriate to recommend the purchase of a deferred annuity to your elderly client for which of the following reasons?

A$)$ Withdrawals will be subject to a $10\%$ tax penalty.

B$)$ A deferred annuity cannot be annuitized for a minimum of $8$ years.

C$)$ An elderly person may not qualify for the annuity due to poor health.

D$)$ Deferred annuities are subject to significant surrender charges for several years.