CE 118: PART 1 COURSE OBJECTIVES
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PART 1¾COURSE OBJECTIVES

After you have completed this course, you will be able to do the following:

• Know how to classify annuities by their function, benefit payment administration, and funding methods.

• Know the primary factors to use in the evaluation of an annuity being considered for purchase.

• Define the primary functions and financial advantages of the fixed, variable, immediate, and deferred categories of annuities.

• Know how the federal income, gift, and estate tax laws affect annuities.

• Be able to explain how qualified and nonqualified annuities differ from each other and how the tax laws differ in their treatment of each type of annuity.

• Know the distribution laws affecting annuity benefit payments.

• Know how the federal income tax rule 1035 affects exchanges and gifting of annuities.

• Know how the federal tax laws affect annuity taxation in the event of the death of an annuitant.
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