Series 7 - General Securities Representative Exam
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In a single premium deferred annuity
An investor purchases the annuity all at once and payouts are delayed until a later date set in the future
A
In investor makes periodic payments into the annuity and payouts are delayed until a later date set in the future
B
In investor purchase the annuity with a large amount and payouts begin within a couple months
C
In investor purchase the annuity with a small amount and makes payments into the annuity while receiving yearly payouts
D
Explanations
A single-premium (single payment) deferred annuity is an annuity established with a single payment featuring investment growth only during the accumulation phase. Payouts begin at annuitization