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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 it's a great idea, and you plan on how you're going to spend the unexpected income.
B. both B and C.
C. that he'll have to pay the 5% deferred sales charge if he executes the exchange.
D. that although the exchange doesn't have any tax consequences, he'll be looking at a new, longer,
surrender period.
Answer: B
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
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Please choose the correct answer.
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C. Field-Based permission
D. Live profile visibility
Answer: D
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C. Intercompany invoicing must be enabled in Payables Invoice Options.
D. Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.
Answer: B
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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 "Delete Dashboard".Click "Yes".
Answer: D
Explanation:
Explanation
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