Kentucky Life Insurance Exam Prep| Questions and Verified ANSWERs| 100 % Correct| Grade A (New Update)

Kentucky Life Insurance Exam Prep| Questions and Verified ANSWERs| 100 % Correct| Grade A (New Update)

Question: Which event triggers a deferred annuity to start
making benefit payments to the annuitant?
ANSWER: When the contract is annuitized
Question: The contractual rights that allow the owner of a
deferred annuity to surrender the cash value several years before
the annuity date are called
ANSWER: Nonforfeiture options
Question: Which of these annuity features is meant to
discourage withdrawals and exchanges?
ANSWER: Surrender charges
Question: What happens to the purchasing power of benefit
payments from a fixed life annuity when the cost of living goes
up?
ANSWER: Decreases 

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