Annuities on the Florida 2-15
Annuities carry weight in both the general-knowledge and the Florida-law halves of this exam, and they are one of the two areas people who fail most often blame. Payout options and the senior suitability rules are where the points concentrate.
| Free look | 21 days for annuities, not the 14 used for life |
| Accumulation vs annuity period | Money going in versus money coming out — reversing these is a common error |
| Life contingent vs certain | Period certain and refund options are NOT purely life contingent |
| Senior surrender charges | Capped and phased out under s. 627.4554(9), F.S. — zero after the 10th policy year OR 10 years after each premium, whichever is later |
| Best interest | s. 627.4554, F.S. imposes care, disclosure, conflict-of-interest and documentation obligations |
Where the point is lost: The surrender-charge sunset has two clocks and the statute says whichever is later. A question that gives multiple premium payments is testing exactly that.
Annuities on the Florida 2-15
12 questions on annuities, each with an explanation and statute citation.
12 questions
Pass line: 70%, same as the real exam