Chartered Retirement Planning Counselor (CRPC®) Exam

What is the exclusion ratio used to calculate for a non-qualified immediate annuity?

The tax-free portion of each payment as a return of after-tax cost basis The percentage subject to the 10% early withdrawal penalty The ratio of earnings to principal in a deferred annuity The surrender value reduction percentage

Correct Answer:

The tax-free portion of each payment as a return of after-tax cost basis

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