Page 50 – How Fixed, Variable & Index Annuity Contract Provisions Affect Consumers Page 50 – Identify and discuss contract provisions that are typically common to annuities. Page 50 – Interest Rates & Compensation Page 50 – First-Year Bonus "Teaser" Rates Page 51 – Issue Ages (Section 10112 of the CIC) Page 52 – Maximum Ages for Benefits to Begin Page 53 – Crisis Waivers Page 53 – Nursing Home Page 53 – Terminal Illness Page 53 – Unemployment Page 53 – Disability Page 53 – Charges & Fees Page 54 – Premium Payments (Section 10540 of the CIC) Page 55 – Settlement Options upon Death of Owner or Annuitant Page 55 – Tax: Qualified Plan Page 55 – Stretch Page 55 – Tax: Non-Qualified Plan Page 55 – Stretch Page 56 – Surrender Charges (Sections 10127.10, 10127.12 & 10127.13 of the CIC) Page 57 – Market Value Adjustment Page 58 – Policy Administration Charges & Fees Page 58 – Withdrawal Privilege Options Page 59 – Annuitization Options Page 61 – Identify and discuss contract provisions that are typically common to fixed annuities. Page 62 – Death Benefits Page 62 – Lump-Sum vs. 5-Year Pay Out Page 62 – Provisions Page 65 – Charges & Fees Page 66 – Interest Rate Strategies Page 66 – Annual Page 66 – Multi-Year Page 67 – Crediting Methods Page 67 – Portfolio Rates Page 67 – New Money Rates Page 68 – Minimum Guaranteed Interest Rates (Section 10168.25 of the CIC) Page 68 – Low Interest Rate Environment Impact on Interest Rates Page 69 – Identify and discuss contract provisions common to variable annuities. Page 70 – Variable Options Page 70 – Equity-Based Page 70 – Risk-Based Page 71 – Fixed Options (Section 10127.10 of the CIC) Page 72 – Charges & Fees Page 73 – Dollar-Cost Averaging Page 74 – Explain annualized interest rate calculations on bonuses that apply to fixed accounts. Page 75 – Death Benefit Guarantees (Section 10168.4 of the CIC) Page 76 – Living Benefit Guarantees Page 77 – Identify and discuss contract provisions common to indexed annuities. Page 78 – Primary Interest Crediting Strategies Page 78 – Monthly Averaging Page 78 – Point-to-Point Page 78 – Annual Point-to-Point Page 78 – Long-Term Point-to-Point Page 79 – High Water Mark Page 79 – Annual Resets Page 79 – Combination Methods Page 80 – Spreads Page 80 – Cap Rates Page 81 – Participation Rates Page 81 – Minimum Guaranteed Interest Rate Page 82 – Impact of Premature Surrender Charges Page 83 – Charges & Fees Page 84 – Identify and discuss available riders. Page 84 – Life Insurance Riders Page 84 – Long-Term Care Benefits Riders Page 84 – Terms of Riders Page 84 – Differentiate between Crisis Waivers & Long-Term Care Riders Page 84 – Loan Provisions
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