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Your client bought a variable annuity contract that has a 5% contingent deferred sales charge with a
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A. that he'll have to pay the 5% deferred sales charge if he executes the exchange.
B. that although the exchange doesn't have any tax consequences, he'll be looking at a new, longer,
surrender period.
C. that it's a great idea, and you plan on how you're going to spend the unexpected income.
D. both B and C.
Answer: D
Explanation:
If your client bought a variable annuity contract with a 7-year surrender period four years ago,
you can tell him that even though there will be no tax consequences associated with the exchange, he'll
have to pay the 5% deferred sales charge if he executes the exchange, and he'll be looking at a new,
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NEW QUESTION: 2
This feature allows managers and employees to see an individual employee view of the Variable Pay bonus plan.
Please choose the correct answer.
Response:
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B. Role-Based permission
C. Field-Based permission
D. Configure label names and visibility
Answer: A
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D. Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.
Answer: D
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D. Click the "Dashboard" tab.From the Show Dashboard list box, select the dashboard that you want to delete.On the toolbar, click "Remove Dashboard".Click "Yes".
Answer: C
Explanation:
Explanation
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