SIE Exam Question 953: Answer and Explanation

Question: 953

Which of the following are permitted investments in a 403(b) plan?

(1) Mutual funds

(2) Bond funds

(3) Treasury bills

(4) Life insurance that is incidental to an annuity contract

• A. (1) and (4) only
• B. (2) and (3) only
• C. (1), (2), and (4) only
• D. All of the above are correct.

Correct Answer: C

Explanation:

Mutual funds, bonds funds, and life insurance that is incidental to an annuity contract are permitted investments in a 403(b) plan.