Life Insurance Exam [National] 60 – Fixed Annuities Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam life insurance exam. In this episode you will learn: • Why the insurance company bears 100% of the investment risk in a fixed annuity. • How the general account operates using conservative assets like bonds and mortgages. • The difference between the guaranteed minimum interest rate and the current interest rate. • Why fixed annuities fail to provide a hedge against inflation and purchasing power risk. • The licensing requirements for selling fixed annuities compared to variable products. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep