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Mid-Term Review

Across
An interest calculation method where each contribution is deposited into the account. It is given the interest rate assigned for that month and then after the second calendar year, the band is assigned a set (Pool) interest rate.
Before tax or pre-tax dollars
The account status "AF" stands for Active and __________.
This is the party that assumes the investment risk on a Defined Benefit plan.
Transaction code for a Policy Loan Payment.
After-tax money is considered ________________.
DIMs/DRMs are also known as ____________ _____________.
This is the transaction code for 'surrender'.
In this Interest Crediting Method, the interest is calculated on the entire balance of the account.
On employer money, the client receives either all of the funds or none of the funds (0% or 100%).
Interest and earnings are the ___________ portion when taking a distribution on a NQDA.
In addition to VCAT, what system can be used to determine if a Contribution Source 2 is elective or non-elective?
The owner of a NQDA must be of __________ ________, which is 18 or older in most states.
On the ___________ 5 & 7 product, the initial interest rate for the original purchase payment is guaranteed for one, three, five, or seven years depending upon which version the client chooses and a surrender schedule that is 5 or 7 years.
Legislation that changed FIFO to LIFO- taxable interest / earnings are removed first and cost basis is removed last.
This legislation created the 20 % mandatory federal tax withholding on 403(b) and other qualified plans
Down
Distributions are required on 403(b) “pre 12/31/86” monies at the attainment of age 75 regardless of ______________ ___________.
IRA contributions may be made for the following tax year by the 15th of what month?
This is the party that assumes the investment risk on a Defined Contribution plan.
This legislation provided for the portability of retirement plans.
A 25% Early Withdrawal Penalty Tax may apply if a client withdrawals money in the first 2 years on this plan type.
Excluding 403(b) pre 12/31/86 money, a client is required to begin taking a distribution from most qualified plans at the later of age 70-1/2 or _____________.
Hardships, Unforeseeable Emergencies, Required Minimum Distribution, and 72(t) are examples of this type of distribution.
Contributions are made over an indefinite period of time in a _____________ product (also known as a periodic product).
This is the party that assumes all financial risk on a Fixed Annuity.
This legislation requires the spouse's signature to be witnessed or notarized when the client is taking a distribution.
A feature in AGILEnet where documents can be viewed.
This was the first mutual fund product offered by VALIC.
When taking a distribution from an NQDA with a contract date later than August 14th 1982, the _______ __________ is removed after all the taxable interest and earnings are withdrawn.
The transaction code in V-System for a withdrawal is ________.
This is the party that assumes all financial risk on a Variable Annuity.
This law altered the manner in which hardship distributions may be made, as well as the way they are taxed.
Legislation that protects the rights of employees in employer-sponsored retirement plans.