Annuities & Insurance Products flashcards

24 cards on annuities & insurance products for the SIE exam. Short answers, one fact per card, and a line under each explaining why. Here is what the prompts look like:

An insurance contract that pays out a stream of income for life is an ＿＿＿Answer inside
Which annuity puts the investment risk on the customer, fixed or variable?Answer inside
Where are variable annuity assets held, apart from the insurer's own money?Answer inside
Fixed annuity payments are backed by the insurer's ＿＿＿ accountAnswer inside
The period when a customer pays money into an annuity is the ＿＿＿ phaseAnswer inside

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