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NEW QUESTION: 1
Your client bought a variable annuity contract that has a 5% contingent deferred sales charge with a 7-year surrender period four years ago. He has been reading about bonus annuities and 1035 exchanges and has asked for your advice. You can tell him:
A. that he'll have to pay the 5% deferred sales charge if he executes the exchange.
B. that it's a great idea, and you plan on how you're going to spend the unexpected income.
C. both B and C.
D. that although the exchange doesn't have any tax consequences, he'll be looking at a new, longer, surrender period.
Answer: C
Explanation:
Explanation/Reference:
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, longer, surrender period-one of the less desirable features associated with bonus annuities.

NEW QUESTION: 2
A company's Chief Executive Officer (CEO) has asked a consultant to order... contrast are the most important factors, but cost is not a factor. Which of the following screen types would BEST...
A. Plasma
B. OLED
C. LCD
D. PS
Answer: A

NEW QUESTION: 3



A. Yes
B. No
Answer: B
Explanation:
Explanation
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