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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 it's a great idea, and you plan on how you're going to spend the unexpected income.
B. that although the exchange doesn't have any tax consequences, he'll be looking at a new, longer, surrender period.
C. that he'll have to pay the 5% deferred sales charge if he executes the exchange.
D. both B and C.
Answer: D
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. OLED
B. LCD
C. Plasma
D. PS
Answer: C

NEW QUESTION: 3



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