Series 7: Chapter Eight

Taken from our Series 7 Online Guide

Chapter Eight

Annuities

Annuities are investment vehicles used to provide steady income to an individual after retirement, often until death. An annuity is a contract between an individual and an insurance company. The individual, called the annuitant, invests money with the insurance company, either as a lump sum or in periodic payments. At some agreed upon time, the insurance company begins distributing payments to the annuitant. Payments may be made monthly, in a lump sum, or irregularly, based on the wishes of the annuitant. The size of the payments depends on the amount deposited.

Only insurance companies can issue annuities. However, annuities can be marketed by various sorts of investment-rela

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I am still so giddy that I passed my Series 7 on 1/31. I truly cannot believe it. I took the 7 three times in 2019 utilizing Kaplan study materials and didn't feel good going into the tests any of the times. So shockingly I failed all three times by a lot. My highest score was a 68%. I used Solomon for my 51 in September (passed on the first try) so I thought I could try it for my 7 even though it is the hardest securities test I have taken. I felt so good going into the testing center and I passed!!! I am so grateful to have found your materials. They have been incredibly helpful and I am able to understand all the material covered in the books. I still am in shock that I passed. Now off to the 24!

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