10 free Series 6 practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
Series 6 Practice Test 14Tutor mode
Question 1 of 10
Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records
Which of the following statements about a non-qualified deferred variable annuity are true?
I. Earnings grow tax-deferred until they are withdrawn.
II. Withdrawals before annuitization are taxed as earnings first.
III. A death benefit paid to the beneficiary is entirely income-tax-free.
IV. Annuitized payments are partly a tax-free return of the owner's cost basis.