Series 6 - Investment Company And Variable Contracts Products Representative Exam
All of the following statements about nonqualified annuities are true EXCEPT:
They are funded with pre-tax dollarsA
The earnings on the annuity grow tax-deferredB
Only the earnings are taxed at distributionC
They are an insurance contract designed to provide retirement incomeD
Nonqualified annuities are funded with after-tax dollars.