A. Option A
B. Option B
C. Option C
D. Option D
Answer: A,B
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NEW QUESTION: 1
Mr. Fast Lane met an early death at the age of 42. Mr. Lane had been making contributions to a variable annuity contract for several years, and at the time of his death, his contributions totaled $25,000. Although the value of the contract had at one time reached $40,000, earnings included, a downturn in the market has resulted in a contract value of only $23,000.
How much will Mr. Lane's beneficiaries receive as the death benefit associated with this contract under these circumstances?
A. nothing, since the contract now has a value that is less than Mr. Lane's total contributions
B. $23,000
C. the average of what its value once was and what it is today: $31,500
D. $25,000
Answer: D
Explanation:
Explanation/Reference:
Explanation: Since Mr. Lane died while he was still making contributions, his beneficiaries will receive
$25,000. If the annuitant dies during the accumulation period, the death benefit is equal to the value of the contract or the total of the contributions, whichever is greater.
NEW QUESTION: 2
A customer is using EMC NetWorker to back up already compressed files to a device with compression enabled. What is a possible impact?
A. Files decrease in size
B. Generates more metadata
C. Files increase in size
D. Files are decompressed
Answer: C
NEW QUESTION: 3
A. Option A
B. Option B
C. Option C
D. Option D
Answer: A,B