Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

Which of the following annuity riders ensures investors will receive a set amount of income annually, regardless of market performance?

Enhanced Death Benefit rider

Guaranteed Minimum Income Benefit (GMIB) rider

Return of Premium rider

Accumulation Benefit rider

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Verified step by step guidance

Understand the concept of an annuity rider: An annuity rider is an optional feature added to an annuity contract to provide additional benefits or guarantees. These riders often address specific concerns such as income stability, death benefits, or premium returns.

Analyze the purpose of the Guaranteed Minimum Income Benefit (GMIB) rider: This rider ensures that the investor will receive a predetermined minimum amount of income annually, regardless of the performance of the underlying investments or market conditions. It provides income stability and protection against market volatility.

Compare the GMIB rider with other options: The Enhanced Death Benefit rider focuses on providing a higher payout to beneficiaries upon the annuitant's death. The Return of Premium rider ensures that the investor will receive at least the total premiums paid if the annuity is surrendered or the annuitant passes away. The Accumulation Benefit rider is designed to enhance the growth of the annuity's value during the accumulation phase.

Identify the key feature of the GMIB rider: The GMIB rider specifically addresses the need for guaranteed income, making it distinct from other riders that focus on death benefits, premium returns, or accumulation growth.

Conclude that the GMIB rider is the correct answer: Based on the analysis, the Guaranteed Minimum Income Benefit (GMIB) rider is the annuity rider that ensures investors will receive a set amount of income annually, regardless of market performance.