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Insurance Test Practice
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Question 1 of 83
Annuities
Exit Practice
A client is considering replacing their current annuity with a new one. The agent must ensure that the replacement is not a 'churning' transaction, which means:
A
The new annuity has a higher interest rate.
B
The replacement is done without considering the client's best interest
C
The client is over age 65.
D
The replacement involves a 1035 exchange.
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