100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
CHAPTER 4 LIFE INSURANCE PRACTICE QUESTIONS AND ASNWERS | 100% PASS $9.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Life Insurance
  4.  
  5. Life insurance

Exam (elaborations)

CHAPTER 4 LIFE INSURANCE PRACTICE QUESTIONS AND ASNWERS | 100% PASS
 8 views  0 purchase
  • Course
  • Life insurance
  • Institution
  • Life Insurance

CHAPTER 4 LIFE INSURANCE PRACTICE QUESTIONS AND ASNWERS | 100% PASS The correct answer is "Provide funds to help pay taxes". (Survivorship life insurance policies are useful in estate planning because they can provide money to pay taxes on assets.) - Answer️️ -1. How are survivorship life ...

[Show more]

Preview 2 out of 12  pages

Document information

  • September 1, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • chapter 4 life insurance practice questions and as

Written for

  • Life insurance
  • Life insurance

Seller

avatar-seller
SophiaBennett

Reviews received

Content preview

©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

, CHAPTER 4 LIFE INSURANCE
PRACTICE QUESTIONS AND ASNWERS
| 100% PASS


The correct answer is "Provide funds to help pay taxes". (Survivorship life insurance

policies are useful in estate planning because they can provide money to pay taxes on

assets.) - Answer✔️✔️-1. How are survivorship life insurance policies helpful in estate

planning?

survivorship life policy

(Under a multiple protective policy, the policy that pays on the death of the last person is

called a survivorship life policy.) - Answer✔️✔️-2. The type of multiple protection

coverage that pays on the death of the last person is called a(n)

Pre-death distributions will become taxable

(The tax consequence of a Modified Endowment Contract is pre-death distributions are

likely to become taxable.) - Answer✔️✔️-3. Under a Modified Endowment Contract, what

are the likely tax consequences?

A nonforfeiture option can be used to increase the death benefit

(Increasing the death benefit by using one of the nonforfeiture options is not an option in

an Adjustable Life Policy.) - Answer✔️✔️-4. All of these are valid options for an

Adjustable Life Policy EXCEPT

Adjustable Life


Page 1 of 11

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart