Series 6 Exam Question

Here is a great example of a series 6 exam question:

Which of the following statements is (are) true of a variable annuity's separate account?




I. It is used for the investment of monies paid by variable annuity contract holders

II. It is separate from the insurance company's general investments

III. It is operated in a manner similar to an investment company

IV. It is as much a security as it is an insurance product
 
A) I only
B) II and III
C) I and IV
D) I, II, III, IV
 
D) The separate account is used for the monies invested in variable annuities. It is kept separate from the general account and operated very much like an investment company. It is considered both an insurance product and an investment product.
 
Take some free series 6 exam questions on our site at:
 
http://www.securitiesce.com/web/pages/series6/index.php

Free Series 6 Audio Book - Free Series 6 Exam Prep

The Securities Institute of America is extremely pleased to introduce a new world class solution for securities industry professionals who need to complete the series 6 exam. Our new Series 6 Audio Books are truly an amazing leaning tool. Students listen to studio quality audio books from any Ipod or computer with Itunes. And best of all it is Free with our complete self study solutions. To learn more visit our website at:

http://www.securitiesce.com/web/pages/series6/index.php

Series 6 Online Exam Training Video

Prepare for your series 6 exam by watching our new studio quality exam training video. Students may watch our television quality streaming video while scrolling PowerPoint presentations enforce the key points being discussed in the video lecture. Students may fast forward, rewind, and move seamlessly between exam topics. Chapter tests and a final exam test comprehension. Students will also have access to instructor support by clicking the "ask the expert button" Our new series 6 videos are the perfect complement to our textbook and software and are a great review for students who have attended one of our live instructor led series 6 classes. To learn more about our series 6 exam online training please visit us at:

http://www.securitiesce.com/web/pages/series6/index.php

Series 6 Classes

The Securities Institute has announced the introduction of Series 6 virtual classes. Students who need to pass the series 6 exam can now benefit from live instructor led virtual classes. Students will be prepared to pass the series 6 exam after taking this 3 day intensive course. Students will receive text books, classroom materials, and our comprehensive exam software package. To enroll in our series 6 class please click on the following link: http://www.securitiesce.com/web/pages/virtualclasses.php

SIPC Rules

Here is some good information for SIPC for the series 6, series 7, series 24, series 26, series 65, and series 66 exams

Customer Coverage

SIPC protects customers of a brokerage firm in much the same way that the FDIC protects customers of banks. SIPC covers customer losses that result from broker dealer failure, not for market losses. SIPC covers customers for up to $500,000 per separate customer. Of the $500,000, up to $100,000 may be in cash. Most broker dealers carry additional private insurance to cover larger accounts, but SIPC is the industry-funded insurance and is required by all broker dealers. The following are examples of separate customers:

Customer
Securities Market Value
Cash
SIPC Coverage

Mr. Jones
$320,000
$75,000
All
Mr. & Mrs. Jones
$290,000
$90,000
All
Mrs. Jones
$397,000
$82,000
All


All of the accounts shown would be considered separate customers and SIPC would cover the entire value of all of the accounts. If an account has in excess of $100,000 in cash, the individual would not be covered for any amount exceeding $100,000 in cash and would become a general creditor for the rest. SIPC does not consider a margin account and cash account as separate customers and the customer would be covered for the maximum of $ 500,000. SIPC does not offer coverage for commodities contracts and all member firms must display the SIPC sign in the lobby of the firm.

Take some free exam questions on our site at www.securitiesce.com