Series 6 Practice Test 14

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 I. Earnings grow tax-deferred until they are withdrawn.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.