Exam DISC-IA Practice Question 204
Study guide: Exam DISC-IA
A deferred annuity is in the third year of its surrender charge period, when the charge is 5% of any amount withdrawn above a free withdrawal of 10% of the account value. The account value is $80,000, and the owner withdraws $20,000. What is the surrender charge?
- A) $400
- B) $600
- C) $1,000
- D) $3,600
Answer this question and see the worked solution