Practice Quiz

FINRA Series 6

Category - Series 6

Start a Study Session Sign up for Question of the Day
The mortality guarantee of a variable annuity contract:
  1. guarantees a fixed death benefit amount will paid to your beneficiaries upon your death.
  2. guarantees that you can receive a monthly check of a specified amount as long as you live.
  3. guarantees that both you and a person you specify as your beneficiary will continue to receive payments as long as one of the two of you is alive.
  4. None of the above is a true statement about the mortality guarantee of a variable annuity contract.
Explanation
Answer: D - None of the choices provided is a true statement about the mortality guarantee of a variable annuity contract. The mortality guarantee guarantees that you can receive a monthly check for as long as you live, but it does not guarantee that the check will be for a specified amount.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz