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Quiz question: Which is not a liquidity feature?

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The question was: Which of the following is not a liquidity feature of a fixed indexed annuity?

a) Contract term
b) Maturity date
c) Penalty-free withdrawals
d) Nursing home waiver
e) Income riders or settlement options
f) d) and e)
g) None of the above

The answer is: g). These are 5 liquidity features that can be found in FIAs. Danette Kennedy, president of Gorilla Insurance Marketing, Inc., Waukee, Iowa, says these features are key to determining when and how much money the client needs from an FIA. Liquidity is thus a central consideration with respect to product suitability.