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The mortality guarantee of a variable annuity contract:
Suggested Answer: D
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None of the choices provided is a true statement about the mortality guarantee of a variable annuity contract. The mortality guarantee guarantees that you can receive a monthly check for as long as you live, but it does not guarantee that the check will be for a specified amount.
31 comments · newest first
SA
Salena
11 months ago
None of these seem accurate, is D the right choice?
FA
Fannie
11 months ago
C sounds right, payments continue for the survivor.
VI
Vivienne
12 months ago
Wait, I thought it was about monthly checks?
GA
Gail
12 months ago
I disagree, it's not just about fixed amounts.
CE
Celeste
1 year ago
A is correct, it guarantees a death benefit for beneficiaries.
FA
Fannie
1 year ago
I’m leaning towards D because none of the options seem to accurately describe the mortality guarantee as I recall it.
BU
Bulah
1 year ago
I’m not entirely sure, but I feel like C could be related to joint life policies, which might confuse the mortality guarantee concept.
LA
Lavera
1 year ago
I remember something about monthly checks, but that sounds more like an income guarantee than a mortality guarantee.
FI
Fidelia
1 year ago
I think the mortality guarantee is about ensuring a death benefit for beneficiaries, so maybe A is correct?
AJ
Aja
1 year ago
I'm not totally confident on this one. The wording is a bit tricky, and I'm not sure if any of these options fully capture the essence of the mortality guarantee. I might have to guess on this one.
LA
Larae
1 year ago
Okay, I remember learning about variable annuities in class. The mortality guarantee is about ensuring payments continue for the lifetime of the annuitant and their beneficiary, so I'll go with option C.
MA
Marge
1 year ago
Hmm, I'm a bit unsure about this one. The mortality guarantee could be related to the monthly payments, so I'm torn between options B and A. I'll have to think this through carefully.
DA
Dalene
1 year ago
This question seems pretty straightforward. I think the mortality guarantee has to do with the death benefit, so I'll go with option A.
WE
Weldon
2 years ago
I'm going with C. It's the only one that mentions both the annuitant and a beneficiary, which seems to be the key aspect of the mortality guarantee.
CL
Clay
2 years ago
Hmm, I see your point. But I still think option A is the correct answer because it provides financial security for your loved ones.
KI
Kiley
2 years ago
Mortality guarantee? More like 'mortality roulette' if you ask me. These annuity contracts are about as clear as mud.
MY
My
2 years ago
Mortality guarantee can be confusing, but it's important to understand the options.
SH
Shakira
2 years ago
C) guarantees that both you and a person you specify as your beneficiary will continue to receive payments as long as one of the two of you is alive.
RA
Raelene
2 years ago
A) guarantees a fixed death benefit amount will pay to your beneficiaries upon your death.
RA
Rasheeda
2 years ago
I disagree, I believe it guarantees that you can receive a monthly check of a specified amount as long as you live.
CH
Chantell
2 years ago
D. None of the above is true. Variable annuities are just a mess of complex features and hidden fees. I'm sticking with good old-fashioned savings accounts.
DI
Dion
2 years ago
Definitely B. The whole point of a variable annuity is to get a guaranteed monthly check for life, right? That's what the mortality guarantee is all about.
DE
Dell
2 years ago
Actually, none of the above is true. The mortality guarantee of a variable annuity contract does not guarantee any specific payment amount.
MA
Marion
2 years ago
No, I'm pretty sure it's A. The guarantee is for a fixed death benefit amount to be paid to your beneficiaries.
YO
Youlanda
2 years ago
I see your point, but I still think it's B. The guarantee is specifically for a monthly check for life.
CA
Caren
2 years ago
I think it's actually C. The mortality guarantee ensures that payments continue as long as one of the two of you is alive.
SE
Selma
2 years ago
I think option C is the correct answer. The mortality guarantee ensures that payments continue as long as either the annuitant or the designated beneficiary is alive.
DE
Dean
2 years ago
I believe option D is the correct answer. None of the above statements are true about the mortality guarantee of a variable annuity contract.
GW
Gwenn
2 years ago
I think option A is the correct answer. It guarantees a fixed death benefit amount to be paid to your beneficiaries upon your death.
LE
Leota
2 years ago
I agree, option C is the correct answer. It's important to have that guarantee for both the annuitant and the beneficiary.
CL
Clay
2 years ago
I think the mortality guarantee of a variable annuity contract guarantees a fixed death benefit amount to your beneficiaries.