≡

Call Us

(810) 522-6685

Email Us

ron@briggswealthadvisors.com

Visit Us

1024 E. Grand River Ave.

Brighton MI, 48116

HOME

SERVICES

BRIGGS WEALTH ADVISORS

ABOUT US

Resources

Articles & Downloads

Lessons & Quizzes

Educational Videos

Educational Blog

Financial Calculator

CONTACT US

Lessons & Quizzes

Life Insurance Quiz

This questionnaire is designed to gauge your understanding of Life Insurance.

Life Insurance Quiz

This questionnaire is designed to gauge your understanding of Life Insurance.

12 Facts About Annuities

This quiz was designed to gauge the level of understanding you have when it comes to Annuities and their benefits.

Learn more About Us

Step 1 of 9

11%

Can You Pass This Life Insurance Quiz?

This quiz was designed to gauge the level of understanding you have when it comes to Life Insurance.

This insurance provides coverage for a specific period of time, usually from one to 30 years:*
- Universal Life Insurance
- Whole Life Insurance
- Term Life Insurance
- None of the above

The cash surrender value of a permanent life insurance is:*
- Also called the death benefit.
- The amount available in cash upon the policy owner's termination before it becomes payable by death.
- The payment to the insurance company for insurance coverage.
- A refund of excess premium paid to the owner of an individual participating life insurance policy.

Which of the following policies is not a permanent life insurance?*
- Universal Life Insurance
- Variable Life Insurance
- Whole Life Insurance
- Term Life Insurance

Which life insurance insures two individuals in one insurance plan?*
- Whole Life Insurance
- Universal Life Insurance
- Survivorship Life Insurance
- Term Life Insurance

What is the rule of thumb on how much life insurance coverage you need?*
- Three times your current assets
- Five to seven times your annual gross income
- Five times your assets
- Twice the value of your house

In order to determine the rates they charge, insurance companies look at:*
- Family health history
- Potential dangerous hobbies
- Smoking/drinking history
- All of the above

You surrender your life insurance policy, if you:*
- Decrease the amount of life insurance that you need
- Cancel a life insurance policy before the maturity date
- Donate the value of the policy to a first degree
- Donate the cash surrender value of the policy

Congrats! You've Completed The Quiz!
To View Results Please Submit Information Below
Name
First Last
Email
Phone
Name
This field is for validation purposes and should be left unchanged.

Step 1 of 14

7%

How Much Do You Really Know About Annuities?
This quiz was designed to gauge the level of understanding you have when it comes to Annuities and their benefits

What is an annuity?*
- A. A check in your mailbox
- B. A worse investment than a Bank CD
- C. A type of Life Insurance contract

True or False: An annuity is the only financial vehicle that can guarantee you an income check for the rest of your life, no matter how long you live.*
- True
- False

How many different types of annuities are there?*
- Seven
- Four
- Two
- Too many to count

What is an immediate annuity?*
- An annuity that pays income immediately
- An annuity that immediately converts your cash to income
- An annuity that annuitizes your money
- All of the above

True or False: All annuities annuitize your money so you can’t ever get it back out again once you invest.*
- True
- False

What is a deferred annuity?*
- A. An annuity that pays you income later
- B. An annuity that grows tax-deferred
- C. An annuity that invests in the stock market.

True or False: All annuities are market-based investments.*
- True
- False

If you have an annuity with a guaranteed rate of return, that means:*
- You can NOT lose money due to stock market fluctuations
- You CAN lose money to stock market fluctuations
- You’ve been tricked by an annuity salesperson
- All of the above

True or False: You cannot lose money due to stock market fluctuations if you have a fixed or fixed-indexed annuity.*
- True
- False

How do fixed-indexed annuities earn interest growth?*
- A. They don’t earn interest growth because they are not a market-based investment.
- B. They earn limited interest gains based on the performance of a stock market index.
- C. They invest directly in a stock market index such as the S&P 500.

True or False: Fixed-indexed annuities can compete with mutual funds because of their market performance.*
- True
- False

What is a hybrid annuity?*
- A clever metaphor for an annuity with a gasoline engine and an electric motor.
- A combination of a fixed and fixed-indexed annuity.
- A marketing term that signifies a fixed indexed annuity with a lifetime income option.

Congrats! You've Completed The Quiz!
To View Results Please Submit Information Below
Name*
First Last
Email*
Phone*
Name
This field is for validation purposes and should be left unchanged.

Briggs-Financial-Group-Insurance-Designers

Contact Us



(810) 522-6685



ron@briggswealthadvisors.com



1024 E. Grand River Ave.

Brighton MI 48116

Quick Links

Services
About Us
Educational Videos
Articles & Downloads
Lessons & Quizzes
Educational Blog
Briggs Wealth Advisors

Compliance Statement:

The content found on this website has been developed from various sources that are believed to be providing accurate information. None of the content on this website is intended as tax, financial, or legal advice. Please consult with a legal, financial, or tax professional for specific information regarding your individual situation. The content and materials found on this website are intended to create client awareness and for educational purposes. Additionally, to promote interest in the various subject matter and services that may be offered through the BFG Insurance Designers. Materials on this website do not address any individual’s specific situation and are not to serve as the basis for any investment decision or advice and should not be construed as a solicitation to invest. The content herein is based on the latest information available to the public and, while deemed to be accurate, is not guaranteed. Numerical information, charts, graphs, formulas, calculations and data set, etc. are for example and illustrative purposes only. For additional information, please contact the BFG Insurance Designers or your Investment Advisor directly.

Asset Management and Investment Advisory Services provided by the Investment Advisor Representatives of the BFG Insurance Designers are offered through Caitlin John Private Wealth Management LLC., a SEC Registered Investment Advisor Firm, headquartered at 1024 E. Grand River Ave, Brighton, Michigan 48116 / Toll-Free 877-238-1680. The BFG Insurance Designers, LLC. and Caitlin John, LLC. are separate entities and are not affiliated.

In general, as related to investing and investment strategies, there is potential for profit as well as the possibility of loss, including the loss of Principal. Past performance does not guarantee future returns. Investors should thoroughly evaluate their financial goals, objectives, and risk tolerance with their Advisor before investing.

To access the following compliance forms, please visit www.caitlinjohn.com.

Caitlin John Form ADV 2A Brochure | Caitlin John Wrap Fee Brochure | Customer Relationship Summary | Privacy Disclosure Statement | ASWTI Form ADV 2A Brochure | Titan Capital Form ADV 2A Brochure

© Briggs Financial Group | Web Design by EliteAMG