Annuities

INDEXING

100

What are the 3 annuity types?

Fixed Annuity

Variable Annuity

Fixed Index Annuity

200

Explain the main difference between Fixed Annuity & Fixed Index Annuity!

Fixed Index provides a guaranteed, fixed interest rate.

Fixed Index Annuity (FIA) credits interest based on the performance of an external market index (like the S&P 500)

300

Name 5 countries that Foresters won't give coverage for ITIN holders:

El Salvador, Guatemala, Peru, Honduras, Nicaragua

400

Is the maximum interest rate an insurance company will credit to your account in a specific period

What is cap rate?

500

Explain how Indexing Works!

Principal - Bonds - Interest Invest Interest Never Your Principle - Purchase Call Options - $ - 65 to 80% of gains go back to the Client

    

                                                       

    

BENEFITS

100

Explain tax-deferred

Tax-deferred growth means your money grows without being taxed each year—you only pay taxes later when you take it out.

200

What is lifetime income?

means your annuity can pay you a guaranteed stream of payments for the rest of your life.

300

This benefit ensures your beneficiaries receive money if you pass away.

What is a death benefit?

400

What does by passing probate mean?

Bypassing probate means an asset goes directly to a beneficiary when you die—without going through the court process.

500

Name 5 benefits of a fixed index annuity:

Tax-deferred

Principal protection

Bypasses probate

Life Time Income

Death Benefit

DISTRIBUTION

100

What is Required Minimun Distribution

Are the minimum amounts you must withdraw from tax-deferred retirement accounts (like 401(k)s and IRAs) annually, typically starting at age 73.

200

What is an immediate annuity?

is a way to turn a lump sum of money into income right away.

300

What is a distribution?

Is simply money you take out of your annuity.

Can be all at once (lump sum) or over time (payments).

400

What is surrender period?

Is the time during which you can’t take money out of an annuity without paying a penalty.

500

What is the difference between account value and surrender value?

Account Value

• This is the total amount in your annuity right now.

Surrender Value

• This is the amount you would get if you withdrew your money early.

Misc

100

What is a contingency beneficiary?

A contingent beneficiary, serves as a backup to the primary beneficiaries named on your life insurance policy. When you pass away, if all of your primary beneficiaries have also passed away, your contingent beneficiaries will receive the payout.

200

What does IRA stand for?

Individual Retirement Account

300

Name 4 companies that offer FIAs:

F&G

Silac

NLG

ANICO

NA

400

Explain non-qualified vs qualified annuity:

Qualified Annuity

• Funded with pre-tax money

Non-Qualified Annuity

• Funded with after-tax money (your own savings).

500

For Double points:

Go on your Bamboo and find the document that shows the name of the Annuity with F&G that pays 8%. You have 1 min

FG Accelerator plus 14