Life Insurance Exam [National] 70 – Annuity Taxation LIFO and Exclusion Ratio Explained
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam. In this episode you will learn: • How LIFO taxation dictates that interest and earnings are withdrawn and taxed first in non-qualified annuities. • The application of the exclusion ratio during the annuitization phase to separate taxable…
The skinny
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