Deferred annuities Study guides, Class notes & Summaries

Ohio State Exam Life and Health Insurance Questions and Answers (2024 / 2025) (Verified Answers) Refund Life annuities - CORRECT ANSWER little risk. The insurance company promises to make a refund of the account balance if the auunitant dies before collecting it all Joint and Survivor Annuity - CORRECT ANSWER Pay survivor amount.. after first party dies usually reduced Joint lfie annuity - CORRECT ANSWER pay two people at the same time and payments stop entirely when the first part...

Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions Tax free savings account - ANSWER-Upon withdrawal from a ________, neither the principal deposit nor the income earned within the plan are treated as taxable income in the hands of the plan holder. Registered reti...

LIFE PRODUCER EXAM (MI) QUESTIONS AND ANSWERS ALREADY PASSED Which of the following is NOT true regarding a Certificate of Authority? a)It may be necessary for transacting business in a specific state. b)It is equivalent to an insurance license. c)It is issued by the state department of insurance. d)It is issued to group insurance participants. d) It is issued to group insurance participants. Before insurers may transact business in a specific state, they must apply for a licen...

Exam FX Life Insurance Final Exam questions with accurate answers. 100% Verified. A buyer's guide -ANS/QUIZ The entire contract includes all of the following EXCEPT... The death benefit is not increased -ANS/QUIZ All of the following statements about indexed whole life insurance EXCEPT... A Warranty -ANS/QUIZ What guarantees that the information explained in the insurance contract is true? (1) the policy, (2) a copy of the application, and (3) any riders or amendments. -ANS/QUIZ T...

Life Insurance Final Exam Questions and Answers (2023 / 2024) (Verified Answers) A person who is in good health and does not drink nor smoke is considered a preferred risk Upon death of an annuitant during the accumulation period of a deferred annuity, the proceeds: Are taxable to the beneficiary above the annuitants cost basis Life insurance sold to fund a small partnership buy/sell agreement is also called Cross purchase plan Although excluded in the contract, a court may di...

67 Nevada Life, Accident, Health Insurance Exam Practice Questions and Answers Document Content and Description Below 67 Nevada Life, Accident, Health Insurance Exam Practice Questions and Answers 1. Health care accounts and Dependent care accounts Ans: What are the 2 types of Flexible Spending Accounts? 2. Cash value is guaranteed Ans: Concerning a Whole Life Policy, which of the following statements is correct? 3. Unearned premiums are retained by the insurance company Ans: According to the ...

Life and Health Colorado Exam Questions and Answers 100% Pass PPO (Preferred Provider Organization) - Correct Answer ️️ -An arrangement under which a selected group of independent hospitals and medical practitioners, in a certain area, agree to provide services to subscribers at a prearranged cost. Fraternal Benefit Societies - Correct Answer ️️ -Fraternal benefit societies are primarily social organizations that engage in charitable and benevolent activities that can provide life...

1. The adjustment that insurers make to the cash value account in a universal life policy each time a payment is made includes all of the following EXCEPT- ANS Subtract the policy surrender changes 2. The cost of employer-provided group life insurance above $50,000 is ANS Tax- able as income to the employee 3. The conversion privilege allows a terminating employee to convert ANS Term insurance into permanent insurance 4. The accidental death benefit rider is also known as ANS Double ind...

Colorado Life & Health Insurance Exam| Guide with Questions and Verified Answers| 100% Correct (2023/2024) Q: Joint Life Annuity Answer: -Type of Annuity Pay-out option -Pays only until first annuitant dies Q: Joint and Survivor Annuity Answer: -Pays until the last party dies -Payment often adjusted upon the death of the first party because of age difference Q: Types of Annuities Answer: -Single Premium Deferred Annuity (SPDA) -Level Premium Annuity -Flexi...

4-Hour Annuity Suitability and Best Interest StandardsWhat is the primary difference between fixed and variable annuities? a. the frequency of the product's premium payments b. the option for annuitization c. the ways in which their funds are invested for growth d. provisions for death benefits - correct answer c. the ways in which their funds are invested for growth; The primary distinction between fixed and variable annuities is how their funds are invested and how the funds grow. T/F:...