Module 12: Variable Annuities – Series 7 Exam

In this module, you will explore the world of variable annuities, a critical component of retirement planning and investment strategies. Learn about different types of annuity contracts, purchasing strategies, distribution methods, and the nuances of variable life policies. This module is essential for mastering the Series 7 Exam and provides practical knowledge to apply in real-world financial advising scenarios.

What You’ll Learn:

• Types of Annuity Contracts: Understand fixed, variable, and combination annuities, and how they compare to mutual funds.
• Purchasing Annuities: Learn the two phases of variable annuities and the key considerations when purchasing these contracts.
• Distribution from Annuities: Explore the options for receiving distributions, including payout choices, assumed interest rates, and tax implications.
• Variable Life Policies: Understand the features of variable life insurance, including waiver of premium and other important benefits.
• Annuity Suitability: Learn the factors that determine the suitability of various annuity products for different client needs.
• Regulatory Compliance: Understand the regulatory requirements surrounding variable annuities and how to ensure compliance.
• Investment Strategies: Discover strategies for utilizing annuities as part of a broader retirement and investment plan.
• Taxation of Annuities: Gain insight into the tax treatment of annuities, including deferral benefits and tax liabilities.

Why Take This Module?

This module is vital for those preparing for the Series 7 Exam, as it covers a key area tested by FINRA. It offers in-depth knowledge about variable annuities, equipping you to better advise clients on suitable retirement solutions and meet regulatory standards.

Note: This module is available exclusively to members of Finra Exam Mastery. Join now to access this content and take the next step toward your Series 7 success!

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Finra Exam Mastery