A Tax-Sheltered Annuity (TSA) is available to a(n):

Accountant

Insurance
agent

Attorney

Teacher

Life-Only Annuity

Life
Annuity with Period Certain

Variable
Annuity

Temporary
Life Annuity

The surplus of the insurance company

A
separate account where they are invested in a variety of securities

The
life and health insurance reserves of the insurance company

A
mutual fund

Immediate Variable Annuity

Immediate
Fixed Annuity

Deferred
Variable Annuity

Joint
& Last Survivor Immediate Fixed Annuity

Nonexistent

Illegal

A
Split Annuity

A
Stretch Annuity

Returned to the beneficiary after the
death of the annuitant

Considered
as return of capital and non-taxed

The
interest credited to an WIA after loading

The
method of determining participation

If the annuity is an Immediate
Annuity

Before
the annuitant is aged 59½ years

If
the annuity owner dies before the withdrawal

If
the annuity owner becomes disabled before the withdrawal

Part of a short-term savings account

Part
of a long-term investment strategy

Alternative
to a short-term certificate of deposit

Source
of immediate funds in case of emergency

Sub-accounts

Participation
Units

Annuitant
Funds

Accumulation
Units

The higher the risk, the lower the
return

The
higher the risk, the greater the return

The
lower the risk the higher the return

All
investments in internet firms are good investments

Insurance company

Owner/Annuitant

Beneficiary

State
Guaranty Fund

Level Term

Forfeiture

Annuitization

Accumulation

Without charge

Up
to 10% of annuity value per year without penalty

Only
if they need to pay for nursing home expenses

Of
the interest only and not the principal

By the federal government

By
the stock exchange

To
protect policyholders against insurer insolvency

To
pay benefits on equity-indexed annuities only

Premiums are tax-deductible

Interest
earned is tax-deferred

Contribution
limitations are the same as with an IRA

The
principal and interest are taxed during annuitization

Outliving their resources

Supplementing
their Medicare coverage

Helping
them afford a better home

Paying
income taxes

He is guilty of conducting a
“pretext interview”

He
is guilty of fraud and subject to immediate imprisonment

He
is somewhat unorthodox but nothing illegal has taken place

He
is simply using a ruse to help diffuse the reluctance of most people to talk
to insurance agents

are
co-mingled with all of the other purchasers of variable annuities with that
insurer

are
deposited in a separate account for that particular purchaser only

are
deposited in a trust account with the Federal Reserve Bank

a variable life guaranteed minimum
income benefit

a
minimum death benefit guarantee

a
guaranteed minimum account value benefit

a
return of premium rider

dollar cost averaging

asset
allocation

day
trading

reading
the Wall Street Journal every morning

and the insurer must refund all
premiums paid, less a service fee

during
which time the individual must make a formal request for cancellation with a
notarized copy sent to the department of insurance

when
the annuitant or insured may rescind the policy with partial refund of all
premiums and fees

when
the annuitant or insured may rescind the policy with full refund of all
premiums and fees.

It is a security, regulated by the
SEC and an agent must have a securities license

the
conservation of the principal is guaranteed

It
pays extremely high commissions

it
is sold primarily by banks

never be taxed

eventually
be taxed at capital gains rates

eventually
be taxed at ordinary income tax rates

be
taxed at ordinary income tax rates as earned

an accident annuity

a
structured settlement annuity

a
flexible variable annuity with limited benefits

an
equity indexed annuity

will treat it as if it was owned by
the natural person and taxed accordingly

will
treat it as if was held by a corporation and taxed accordingly

will
never tax the cash value of the contract, except through a probate court

will
tax all assets at capital gains rates

is liable for a penalty of no less
than $1,000 for the first violation

is
liable for a penalty of no less than $5,000 for the first violation

can
make a public apology and return his commission

be
convicted of a misdemeanor, have his license revoked and serve up to 6 months
in jail

only if the funds have been in the
annuity for at least 5 years

only
if the funds have been in the annuity for at least 10 years

only
if the annuity owner is under 70 ½ years of age

only
if the owner is over 59 ½ years of age

individual stocks

certificates
of deposit

equity
indexed annuity

variable
annuity

short-term memory loss

Physical
disability

Lack
of funds

an assumed investment return

Standard
mortality tables as adjusted for annuities

annuity
tables formulated by the American Actuarial Society

the
table of benefits provided in each annuity contract when purchased

risk tolerance

defensive
marketing

meeting
SEC requirements

commission
maximization

deciding whether to purchase a fixed,
variable, or indexed annuity

deciding
who to name as owner, annuitant and beneficiary

deciding
whether or not to have a joint annuitant and who that should be

deciding
on the period of the annuity payout

at least 48 hours prior to the
meeting

at
least 7 days prior to the meeting

at
least 24 hour prior to the meeting

no
prior notice is required

Indexing

Dollar
Cost Averaging

Automatic
Asset Balancing

Asset
Allocation

The cap rate

The
participation rate

The
annual reset provision

The
credit gain rider

10.00%

17.00%

13.50%

11.90%

higher interest charges

annuitization
options

bonus
credits

higher
commissions

Joint life

Life
with period annuity

Joint
and survivor

Cash
refund

the word insurance

all
senior designations held by the agent

if the purchaser has assets equal to
or less than community spouse resource allowance

after
the purchase the senior or spouse qualifies for Medi-Cal

In
all cases it is illegal

setting an appointment with a
prospective client to discuss living trusts when actually intending to get
information to sell annuities to the client

setting
an appointment to discuss annuities but discussing LTC insurance as well

recording
the appointment with the permission of the clients

asking
the client if they would refer them to friends and neighbors who could
benefit from the information the agent has shared with them

Medicare

Social
Security

Medi-Cal

Internal
Revenue Service

66.5 years

65
years

67
years

67.5
years

the home is in disarray

the
person forgets that they made the appointment with the agent

the
person walks with a cane

the entire amount of funds lost by
the owner of an annuity

up
to $100,000 total for funds lost by husband and wife combined

up
to $100,000 each for funds lost by husband and wife

up
to $250,000 for each individual annuity owned

no more than $100,000

no
more than $300,000

no
less than $300,000

$10,000
for each separate violation

the orderly process of transferring
wealth from one generation to another

paying
for long-term care and other health care expenses

planning
for a comfortable retirement

saving
for a college education for a grandchild

Preservation of capital

Fighting
Inflation