Series 7: 8.2.1 Death Benefit

Taken from our Series 7 Top-off Online Guide

8.2.1 Death Benefit

If the annuitant dies during the accumulation period, before the insurance company has begun payments, if the contract so specifies, a beneficiary will receive the payments. This is called a death benefit. The payment the beneficiary receives will equal the total investments and any additional earnings from the annuity. If the annuity lost money, the beneficiary will receive the total invested money. The beneficiary is responsible for paying income taxes on the earnings.

+ Read More

More Series 7 Info

What are people saying?

Create an Account

Since you're reading about Series 7: 8.2.1 Death Benefit, you might also be interested in:

Series 53 - Hedging

Series 65 - 6.2.2.3.3 Keogh Plans (HR-10 Plans)

Series 7 - 9.4.1.5.4. Profit Margins

Series 22 - 6.5. Anti-Fraud and Anti-Money Laundering Protections

Series 65 - 5.2.2 Planning for a Specific Event

Series 50 - Municipal Entities and Obligated Persons

Series 24 - IPO Reporting Requirements

Series 82 - Inherited and Gifted Securities

Series 26 - State Registration

Series 7 - 8.2.6. Receiving Payment

Series 24 - Electronic Communications Networks (ECNs)

Series 79 - Roles of Various Participants in the Bankruptcy Process

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Just passed the series 7 today! Solomon was a huge help, as I used the practice exams exclusively. When preparing for this exam, make sure to allocate ~70% of your time on compliance, opening accounts etc. Looking forward to passing the series 66. I will continue using Solomon!

Blake Rossman, True Wealth Financial Partners. Fircrest, WA

Used Solomon for my second & third time. First time I used a different company & day of test, I had no idea what I was reading. Second time, I bought Solomon a little too close to my test date, failed but had a higher score. Third Time, used strictly Solomon & passed! Cant thank Solomon enough, will recommend to everyone!

Ashley F, Citi. New York, NY

In preparation for the Series 7, I began with Kaplan. I tested and did not pass. I then switched to STC materials. I tested and did not pass. I then switched to Solomon and passed! I also used Solomon for the 63 and passed the first time. I highly recommend Solomon's test preparation materials. The question bank was far more extensive than the others and I definitely felt better prepared using Solomon.

Kara S, CLS, Carrollton, TX

Completing the Series 7 was a requirement for my current position. After seeing the material and dedication Solomon Exam Prep put into the SIE material, I knew Solomon’s material would be perfect for me again. I had access to STC material and tried to go through it first but it was too content heavy and at certain points, very confusing. I decided to move back over to Solomon for the 7 and was blown away yet again by how great the material is. Solomon has figured out how to properly prepare people for this exam in my opinion. Solomon Exam Prep focuses on teaching the concept rather than bogging you down with so much material. THAT IS SO HELPFUL! Of course the material is important but it’s extensive. After using Solomon Exam Prep for the Series 7, I was able to fully understand the concepts which made it so much easier to select the best questions on the exams. All the other training programs bury you deep with content, which makes it almost impossible to understand the concepts. If you get questions on the exam that you have not seen before, only knowing specific material will not help you. But if you understand the concepts (like Solomon Exam Prep helped me do) you can break down the question and find the best answer based on your understanding of the concept as a whole. That’s a much better method and Solomon Exam Prep has figured this out! I strongly suggest buying the study guide. You won’t regret it!

Jared M. Albany, New York

I had a super rough go passing this (Series 7) exam due to a number of personal circumstances, but on my third attempt, I finally passed, with 30 minutes to spare! After my second failed attempt (I failed by ONE question), I spoke to Jeremy Solomon on the phone and via email, and he provided me with some strategies to help me pass the exam once and for all. I focused heavily on rereading the study guide, and teaching concepts to my spouse so that I wasn’t just learning the information, but really understanding it to the point where I could teach it to someone else. The exam simulators are super helpful, but don’t overdo it… this really isn’t the kind of test where you can only learn by doing practice questions. Re-watching the video lectures was very helpful for me as well. I also recommend making flash cards for memorization purposes. If you fail like me, don’t give up - perseverance (and more studying) will get you to the finish line!

Molly Magnuson, CBIZ Retirement & Investment Solutions. Kansas City, MO

I passed first try! Three hours and forty-five minutes might seem like a long time, but it flew by. The Solomon Exam Prep conditioned me very well. Utilizing the chapter quizzes and practice exams really helped apply my learning, and also helped with time management. (Series 7)

Ryan Thibault, PNC Investments. Lakewood, OH.