A variable annuity applicant invests his premiums immediately into the stock portfolio chosen for his annuity. He then returns his annuity during the free look period when the stock market drops significantly. What will the client receive?
A. His entire premium
B. The policy account value on the date the returned policy is received by the insured
C. The policy account value on the date the returned policy is received by the insurer
D. The full premium minus the surrender charge
Ans: C. The policy account value on the date the returned policy is received by the insurer
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Double taxation refers to which of the following scenarios?
A) Both bondholders AND shareholders of a corporation must pay taxes on proceeds received. B) The corporation pays taxes on its earnings, and creditors pay taxes on interest received. C) The corporation pays taxes on its earnings, and shareholders pay taxes on dividends received. D) All of the above
Netflix's public announcement of a reward for a technology solution to its movie recommendation system is an example of
A) prediction markets. B) behavioral targeting. C) long-tail marketing. D) social shopping. E) crowdsourcing.