Exam DISC-IA Practice Question 207
Study guide: Exam DISC-IA
A producer recommends a flexible premium variable deferred annuity to a 40-year-old client. Which statement in the producer's sales presentation is accurate?
- A) Because the annuity grows tax-deferred, the client should buy it inside her IRA to gain an extra tax advantage
- B) The producer must be licensed by the state insurance department and also registered with FINRA to sell it
- C) The account value is guaranteed against loss because annuities are protected by the FDIC
- D) Withdrawals of earnings before age 59 and a half are tax-free, since the money was invested after tax
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