Indiana Life Insurance Exam part 2 Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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Course
Indiana Life Insurance
Institution
Indiana Life Insurance
Which of the following is NOT a characteristic of a Variable Annuity?
A. Premium Payments may be level or flexible or single premium
B. The cash values are invested in securities.
C. The non-forfeiture values will provide for the return of the cash value should the
annuitant die during the acc...
Indiana Life Insurance Exam part 2 Questions
& 100% Correct Answers- Latest Test |
Graded A+ | Passed
Which of the following is NOT a characteristic of a Variable Annuity?
A. Premium Payments may be level or flexible or single premium
B. The cash values are invested in securities.
C. The non-forfeiture values will provide for the return of the cash value should the
annuitant die during the accumulation period.
D. It provides for a tax-free death benefit.
✓ -:- D. It provides for a tax-free death benefit.
All of the following policies provide for the tax deferred accumulation of cash value
Mary is receiving an annuity payout from her Variable Straight Life Annuity. Upon her
death, which of the following will be payable to her estate?
a. Nothing
b. The policy death benefit
c. The remaining value of her account
d. The total premiums paid into the account, less the amount paid to Mary in benefits
✓ -:- A. Nothing
What is decreasing in a Decreasing Term policy?
a. The cash value
b. The premium
c. The face amount
d. The nonforfeiture values
✓ -:- The Face Amount
4|Page | Grade A+| 2024/2025
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