1. Exam Prep
  2. Louisiana
  3. Life, Accident & Health
  4. Annuities

Free Annuities Practice Questions

Louisiana Life, Accident & Health exam — 37 practice questions.

Subtopics: Annuitant, Deferred annuity, Immediate annuity, Indexed annuity, Surrender charge, Tax deferral, Joint and survivor, Exclusion ratio, Principles, Immediate vs deferred, Products, Payment options, Uses, Taxation, Parties to an annuity, Flexible premium annuity, Cash refund option, Installment refund option, Period certain option, Annuity units, Separate account, Tax-deferred accumulation, Early withdrawal penalty, Annuitization, Death before annuitization, Qualified vs nonqualified, Structured settlement, Annuity exclusion ratio

Read the Annuities study guide

Sample questions & answers

1. The person whose life expectancy determines the annuity payout and who typically receives the income is the:

Annuitant

The annuitant is the person whose life is used to measure payments and who normally receives the annuity income.

2. A deferred annuity differs from an immediate annuity in that income payments:

Begin at a future date after an accumulation period

A deferred annuity has an accumulation period and begins income payments at a later date.

3. A single premium immediate annuity (SPIA) is typically purchased to:

Begin income payments almost right away

A SPIA is funded with a single premium and begins paying income within about one payment period.

4. An equity-indexed (fixed indexed) annuity credits interest based partly on:

The performance of a specified market index, subject to stated limits

An indexed annuity credits interest tied to a market index, subject to caps, floors, or participation rates.

All Life, Accident & Health topics

Practice: Annuities

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.