A variable annuity is a type of annuity contract that allows for the accumulation and disbursement of capital on a tax-deferred basis. There are two elements to an annuity - the principal, which is the amount paid into the annuity over a period of time, and the returns on that principal. The purpose of the Series 26—also known as the Investment Company and Variable Contracts Products Principal Qualification Examination—is to safeguard the investing public by assessing the knowledge and competency of entry-level Investment Company and Variable Contracts Products Principals. Premiums for variable products are invested in the insurer's separate account. Variable whole life policies have a guaranteed minimum death benefit. The cash value is tied to the separate account, which is not guaranteed. Donna is getting ready to look at variable life insurance as an option for her insurance. The Investment Company and Variable Contracts Products Representative Qualification Examination (IR), also known as the Series 6 exam, measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of an investment company and variable contract products representative, including sales of mutual funds and variable annuities. In the United States, the investment company products/variable life contracts representative exam, is commonly referred to as the Series 6 exam. Individuals passing this multiple choice exam are licensed to sell a limited set of securities products: Mutual funds. Closed-end funds on the initial offering only. Investment Company and Variable Contracts Products Representative test engine allows the candidates to prepare in an actual exam environment and that gives confidence to that candidates, as they experience the exam environment without actually having to sit in an exam. The frequent updates feature, ensure that the candidates' knowledge is up to date and they can prepare for an exam anytime they want, this updated Investment Company and Variable Contracts Products Representative training
Investment Company and Variable Contracts Products Representative test engine allows the candidates to prepare in an actual exam environment and that gives confidence to that candidates, as they experience the exam environment without actually having to sit in an exam. SEPARATE ACCOUNTS, VARIABLE CONTRACTS, AND RELATED PRODUCTS. SUBCHAPTER A. GENERAL PROVISIONS. Sec. 1152.001. APPLICABILITY OF CODE. (a) Except as provided by Subsection (b), this code applies to separate accounts described by this chapter and contracts relating to those accounts. A variable annuity, like any annuity, is a contract with an insurance company. However, in contrast to other annuity products, a variable annuity includes both a self-directed investment component and an insurance component. Variable insurance products, which include variable annuities and variable life insurance, differ from traditional "fixed dollar" insurance contracts in the way in which benefits are funded. Premium payments are held in a "separate account" that provides the contract owner with a variety of investment options such as money market, equity and bond funds, not available to purchasers of traditional insurance.
The Variable Contracts Trust consists of separate portfolios, each of which is an investment vehicle for variable annuity and variable life insurance contracts offered by the separate accounts of various insurance companies. The portfolios also may be offered to certain qualified pension and retirement plans.
6 Jun 2019 A variable annuity is a contract sold by an insurance company. The contract provides the holder with future payments based on the 1 Sep 2002 and product lines that agents holding each license will be authorized to sell, VARIABLE CONTRACT LICENSE – (Resident or Nonresident)
The product is not sponsored, endorsed, sold or promoted by Standard & Poor's Variable contracts are underwritten by National Life and distributed by Equity IVY VARIABLE INSURANCE PORTFOLIOS℠ serve as the underlying investment for a number of insurance products, including variable annuity contracts and Each of these plans is funded by a group or individual variable annuity contract, as appropriate. Mutual of America delivers the cost-efficiency of a full-service Series 6 Top-Off Exam. Investment Company Products/Variable Contracts Representative Exam. What's the Best Study Option For Me? Training Consultants Products may not be available in all states, and features, including rates, may vary by state. Refer to contract for complete details. About AIG. This course focuses on the role of the prospective producer, representing an insurer as to life insurance and annuity contracts. The course covers general Variable annuities are insurance products, so they provide many important features If you die during the accumulation phase of your variable annuity contract,