PuzzleType=Crossword
PuzzleTitle=Annuities
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PuzzleCopyright=Play Games...Pass the Test   © TESTivity
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CWA=_________ of a market value adjusted annuity must clearly state that the adjustment may be positive or negative. (2 words)
CWA=It is____ possible under rule 1035 to exchange an annuity into life insurance.
CWA=An annuity protects against living too long and _______ one's financial resources.
CWA=A withdrawal during the accumulation stage of an annuity is a(n) _______ event.
CWA=Due to the tax-deferred growth and unlimited contribution amounts, annuities are popular with people in _____ tax brackets.
CWA=If the owner of an annuity dies during the accumulation stage, the ________ will receive the greater of:  The cash value of the contract on date of death - OR - The decedent's cost basis.
CWA=Payments from variable annuities will ________ after annuitization.
CWA=Any taxable withdrawal from an annuity during the accumulation stage is also subject to a 10% IRS ________ if the owner is under age 59 ½.
CWA=Once annuitized, the monthly payment of a fixed annuity will not ______.
CWA=During the accumulation stage, the terms of an annuity contract are quite ________.
CWA=Equity _______ annuities are fixed annuities that offer a guarantee against loss of principal if held to term.
CWA=The worst possible return in any calendar year with an equity indexed annuity is _______.  (2 words, Jargon)
CWA=Growth in a non-qualified annuity accumulates _______ until withdrawn. (Hyphenated)
CWA=The ________ stage is the period when the owner is investing money into an annuity contract.
CWA=This annuity payout option covers two or more people, commonly spouses. (2 words)
CWA=With an equity indexed annuity, interest credited is linked to the ________ movement of a designated index, such as the Standard and Poor's 500.
CWA=The life income or _______ annuity payout option is the riskiest.
CWA=An insurance word for "Age and Gender" or "Life Expectancy"
CWD=When an annuitant receives an annuity payment, the tax liability is in direct proportion to the percentage of the payment attributable to _______.
CWD=Upon annuitization, the owner relinquishes all rights to the ________ in the contract in exchange for the insurance company's payout guarantee.  (2 words)
CWD=All things being equal, the straight annuity payout option would likely have the _________ monthly benefit.
CWD=For purpose of the exam, once annuitized an annuity contract will pay a ________ benefit.
CWD=Through IRC 1035 the IRS accommodates for ________ of funds in life insurance and annuity contracts.
CWD=________ should not be taken lightly, whereas the process is irreversible and cannot be altered or canceled.
CWD=When the owner of an annuity elects to begin receiving guaranteed monthly payments from the annuity, the contract is _______.
CWD=The payments from an annuity are _________ for a fixed period, commonly for life.
CWD=Annuities are often used to accumulate funds for ________.
CWD=Unlike life insurance, there is no _______ premium with an annuity.
CWD=The _____ annuity payout option is the most conservative.
CWD=Internal Revenue Code 1035 allows the transfer of funds from one product to another or from one ______ to another.
CWD=An annuity purchased over time with periodic payments and distributions starting at some future date, is a _________ annuity.
CWD=The owner of the annuity contract has an ordinary income tax liability on any withdrawal from an annuity in excess of their _________. (2 words)
CWD=The 10% penalty ______ apply to an annuity contract that has been annuitized, regardless of the annuitant's age. (2 words)
CWD=With a period _____ payout option, monthly payments are guaranteed for the life of the annuitant and if the annuitant dies during the period ______, payments are guaranteed to the designated beneficiary for the remainder of that period.
CWD=All things being equal, the refund annuity payout option would likely have the _________ monthly benefit.
CWD=How many variables are required to calculate the amount of an annuitant's initial payment?