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Exam Fx Property And Casualty Questions And Answers

Question Number 522

✔ Correct Answer:
Annuitants who discontinue premium paymentsThis is just like life insurance cash values.... the clients never forfeit their cash values in an annuity. That means they can have a paid up deferred VA as one of the choices if they wish to stop paying.

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Who is entitled to a paid up deferred variable annuity?A. Annuitants who do not have sufficient cash amounts in their accountsB. Annuitants who want to start receiving an incomeC. Annuitants who discontinue premium paymentsD. A paid up deferred variable annuity is never offered for sale