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NEW QUESTION: 1
Your client bought a variable annuity contract that has a 5% contingent deferred sales charge with a 7-year surrender period four years ago. He has been reading about bonus annuities and 1035 exchanges and has asked for your advice. You can tell him:
A. that he'll have to pay the 5% deferred sales charge if he executes the exchange.
B. that it's a great idea, and you plan on how you're going to spend the unexpected income.
C. that although the exchange doesn't have any tax consequences, he'll be looking at a new, longer, surrender period.
D. both B and C.
Answer: D
Explanation:
Explanation/Reference:
Explanation: If your client bought a variable annuity contract with a 7-year surrender period four years ago, you can tell him that even though there will be no tax consequences associated with the exchange, he'll have to pay the 5% deferred sales charge if he executes the exchange, and he'll be looking at a new, longer, surrender period-one of the less desirable features associated with bonus annuities.

NEW QUESTION: 2

A. Option B
B. Option D
C. Option A
D. Option C
Answer: D

NEW QUESTION: 3
A text field on a form cannot display all of the characters in its value in a single line. How can the visible portion of the field be enlarged on the form?
A. Adjust the column and/or row span settings for this field in Form Builder
B. Adjust the minimum size setting for this field in Form Builder
C. Adjust the result column setting for this field in Data Modeler
D. Adjust the size value for this field in Data Modeler
Answer: A