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Exam Series 6 topic 1 question 298 discussion

Actual exam question from FINRA's Series 6
Question #: 298
Topic #: 1
[All Series 6 Questions]

The mortality guarantee of a variable annuity contract:

  • A. guarantees a fixed death benefit amount will pay to your beneficiaries upon your death.
  • B. guarantees that you can receive a monthly check of a specified amount as long as you live.
  • 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.
  • D. None of the above is a true statement about the mortality guarantee of a variable annuity contract.
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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 lolojepu at April 6, 2025, 1:32 a.m.

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