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Finra Series-6 Exam - Topic 9 Question 90 Discussion

The mortality guarantee of a variable annuity contract:
D) None of the above is a true statement about the mortality guarantee of a variable annuity contract.
A) guarantees a fixed death benefit amount will pay to your beneficiaries upon your death.
B) guarantees that you can receive a monthly check of a specified amount as long as you live.
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.

Finra Series-6 Exam - Topic 9 Question 90 Discussion

Actual exam question for Finra's Series-6 exam
Question #: 90
Topic #: 9
[All Series-6 Questions]

The mortality guarantee of a variable annuity contract:

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Suggested Answer: D

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.


by Jaime at Sep 14, 2024, 08:12 PM

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Salena
7 months ago
None of these seem accurate, is D the right choice?
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Fannie
8 months ago
C sounds right, payments continue for the survivor.
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Vivienne
8 months ago
Wait, I thought it was about monthly checks?
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Gail
8 months ago
I disagree, it's not just about fixed amounts.
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Celeste
8 months ago
A is correct, it guarantees a death benefit for beneficiaries.
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Fannie
9 months ago
I’m leaning towards D because none of the options seem to accurately describe the mortality guarantee as I recall it.
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Bulah
9 months 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.
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Lavera
9 months ago
I remember something about monthly checks, but that sounds more like an income guarantee than a mortality guarantee.
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Fidelia
9 months ago
I think the mortality guarantee is about ensuring a death benefit for beneficiaries, so maybe A is correct?
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Aja
9 months 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.
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Larae
9 months 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.
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Marge
9 months 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.
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Dalene
9 months 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.
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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.
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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.
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Kiley
2 years ago
Mortality guarantee? More like 'mortality roulette' if you ask me. These annuity contracts are about as clear as mud.
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My
2 years ago
Mortality guarantee can be confusing, but it's important to understand the options.
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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.
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Raelene
2 years ago
A) guarantees a fixed death benefit amount will pay to your beneficiaries upon your death.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Clay
2 years ago
I think the mortality guarantee of a variable annuity contract guarantees a fixed death benefit amount to your beneficiaries.
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