New Jersey Life Insurance Exam Practice Question
A published advertisement for a fixed annuity MUST contain all of the following information EXCEPT
Correct Answer: B
Rationale: A published advertisement for a fixed annuity must include essential details to ensure transparency and protect consumers. The surrender period (A) outlines any penalties for early withdrawal, while the minimum rate of guaranteed interest (C) informs investors about potential earnings. The name of the insurance company (D) establishes accountability and trust. However, stating that the annuity is insured by the state (B) is misleading; fixed annuities are not typically insured by the state but rather regulated, making this option unnecessary in advertisements.
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