Why is the Securities and Exchange Commission (SEC) involved in annuities?
A) Annuities are an investment risk; therefore the SEC considers them to be securities rather than life insurance.
B) Annuities are an investment risk, therefore the SEC considers them to be variable insurance rather than life insurance
C) Annuities are a security, therefore the SEC regulates the amount and payments made
D) Annuities are a security, therefore the SEC regulates taxing and payments to the contract owner.
Correct Answer:
Verified
Q43: Annuities fall into one of two categories
Q44: If an individual dies before deferred annuity
Q45: When an individual arranges to pay premiums
Q46: Why is the annuitant's age important in
Q47: If an investment performance is more than
Q49: When an individual purchases an annuity they
Q50: When the time comes for an annuity
Q51: Much like life insurance, annuity contracts have
Q52: What is the main difference between a
Q53: In a joint life and survivorship annuity,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents