What this deck covers
This deck focuses on Differentiate Insurance Products, giving you a quick way to review the definitions, rules, and examples that matter most for Series 65.
Series 65 Flashcards: Differentiate Insurance Products
Study Differentiate Insurance Products in Series 65 with focused flashcards that help you recognize the idea, recall the key rule, and apply it in practice-style prompts.
QUESTION
What is the key tax difference between life insurance death benefits and annuity payments?
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ANSWER
Life insurance death benefit is generally income tax-free; annuity payments are partly taxable. Life insurance death benefits exclude income tax under IRC rules, while annuity payments use an exclusion ratio to tax only the earnings portion.
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