Early Withdrawal of Funds from an Annuity May Result in IRS

question 181

Multiple Choice

Early withdrawal of funds from an annuity may result in IRS penalties and

• A) surrender fees.
• B) bailout fees.
• C) 12(b)fees.
• D) guarantee fees.
• E) discontinuance insurance.

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Definitions:

Physiological

Relating to the branch of biology that deals with the normal functions of living organisms and their parts.

Electrodes

Conductive materials or devices that are used to establish electrical contact with a nonmetallic part of a circuit, often used in scientific and medical applications to record or stimulate electrical signals.

Philosophical

Pertains to the study or exploration of fundamental questions regarding existence, knowledge, values, reason, mind, and language.

Ethology

The scientific study of animal behavior under natural conditions, often focusing on instinctual or evolutionary responses.