Series 66: Exercise

Taken from our Series 66 Online Guide

Exercise

Answer the following questions.

1. Which comes first, the payout phase or the accumulation phase? _____

2. There is a _____ penalty on withdrawals from variable annuities made before the annuitant reaches the age of _____.

3. In a fixed annuity, the customer’s investment is deposited in a [separate account/general account], while in a variable annuity, the customer’

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