Finra Exam Series-6 Topic 9 Question 90 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 90
Topic #: 9

The mortality guarantee of a variable annuity contract:

Aguarantees a fixed death benefit amount will pay to your beneficiaries upon your death.

Bguarantees that you can receive a monthly check of a specified amount as long as you live.

Cguarantees that both you and a person you specify as your beneficiary will continue to receive payments as long as one of the two of you is alive.

DNone of the above is a true statement about the mortality guarantee of a variable annuity contract.

Show Suggested Answer

Suggested Answer: D

None of the choices provided is a true statement about the mortality guarantee of a variable annuity contract. The mortality guarantee guarantees that you can receive a monthly check for as long as you live, but it does not guarantee that the check will be for a specified amount.

by Jaime at Sep 14, 2024, 08:12 PM

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Weldon

7 months ago

I'm going with C. It's the only one that mentions both the annuitant and a beneficiary, which seems to be the key aspect of the mortality guarantee.

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Clay

7 months ago

Hmm, I see your point. But I still think option A is the correct answer because it provides financial security for your loved ones.

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Kiley

7 months ago

Mortality guarantee? More like 'mortality roulette' if you ask me. These annuity contracts are about as clear as mud.

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My

6 months ago

Mortality guarantee can be confusing, but it's important to understand the options.

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Shakira

6 months ago

C) guarantees that both you and a person you specify as your beneficiary will continue to receive payments as long as one of the two of you is alive.

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Raelene

6 months ago

A) guarantees a fixed death benefit amount will pay to your beneficiaries upon your death.

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Rasheeda

7 months ago

I disagree, I believe it guarantees that you can receive a monthly check of a specified amount as long as you live.

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Chantell

7 months ago

D. None of the above is true. Variable annuities are just a mess of complex features and hidden fees. I'm sticking with good old-fashioned savings accounts.

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Dion

7 months ago

Definitely B. The whole point of a variable annuity is to get a guaranteed monthly check for life, right? That's what the mortality guarantee is all about.

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Dell

6 months ago

Actually, none of the above is true. The mortality guarantee of a variable annuity contract does not guarantee any specific payment amount.

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Marion

6 months ago

No, I'm pretty sure it's A. The guarantee is for a fixed death benefit amount to be paid to your beneficiaries.

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Youlanda

6 months ago

I see your point, but I still think it's B. The guarantee is specifically for a monthly check for life.

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Caren

7 months ago

I think it's actually C. The mortality guarantee ensures that payments continue as long as one of the two of you is alive.

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Selma

7 months ago

I think option C is the correct answer. The mortality guarantee ensures that payments continue as long as either the annuitant or the designated beneficiary is alive.

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Dean

6 months ago

I believe option D is the correct answer. None of the above statements are true about the mortality guarantee of a variable annuity contract.

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Gwenn

7 months ago

I think option A is the correct answer. It guarantees a fixed death benefit amount to be paid to your beneficiaries upon your death.

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Leota

7 months ago

I agree, option C is the correct answer. It's important to have that guarantee for both the annuitant and the beneficiary.

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Clay

7 months ago

I think the mortality guarantee of a variable annuity contract guarantees a fixed death benefit amount to your beneficiaries.

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