Understanding Annuities

4. The maximum amount a client can be credited with their Fixed Indexed Annuity
5. The 2nd phase of a deferred contract in which the client receives a guaranteed payout
6. the individual holding all rights to the contract
8. A type of contract that allows clients to invest in different subaccounts that fluctuate with market performance
10. Offers a guaranteed minimum interest rate for risk averse clients
12. Investment options for Variable Annuities
15. The postponement of taxes until funds are withdrawn (2 words)
17. An IRS requirement to withdrawal money when a client turns 72 (3 words)

1. A type of annuity that offers Cap Rates, Par Rates and a Floor (3 words)
2. The market funded with post-tax money
3. This type of market is funded with pre-tax money
7. Money used to fund a contract (2 words)
9. the person who receives the Death Benefit once the client passes away
11. charges A fee a client may have to pay if they withdraw money too early in their contract (2 words)
13. The first phase of a deferred contract in which the client's money grows tax deferred
14. This market is funded with post-tax money, however earnings can be withdrawn tax free if the client meets qualifying requirements
16. A retirement vehicle used to help a client retire