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
Life insurance Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed $10.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Life Insurance
  4.  
  5. Life Insurance

Exam (elaborations)

Life insurance Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
 8 views  0 purchase
  • Course
  • Life Insurance
  • Institution
  • Life Insurance

all of the following are standard exclusions found in most policies, Except -:- Military service which statement about death benefits paid to a beneficiary under a group life insurance plan is NOT correct? -:- They are fully tax exempt insurers often set childrens term rider limits on the b...

[Show more]

Preview 3 out of 16  pages

Document information

  • September 6, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • life insurance questions 100 correct answers
  • all of the following are standard exclusions found

Written for

  • Life Insurance
  • Life Insurance

Seller

avatar-seller
TestTrackers

Reviews received

Content preview

2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!



Life insurance Questions & 100% Correct
Answers- Latest Test | Graded A+ | Passed
all of the following are standard exclusions found in most policies, Except


✓ -:- Military service




which statement about death benefits paid to a beneficiary under a group life insurance

plan is NOT correct?


✓ -:- They are fully tax exempt




insurers often set childrens term rider limits on the basis of which of the following?


✓ -:- issuing the rider a specified percentage of the base policy




Diana pays 3,000 each year in premiums for her variable annuity and plans to annuitant the

contract when she retires in ten years. which of the following statements is correct while

Diana annuity is still in the accumulation phase?


✓ -:- Diana premiums payments will grow on a tax deffered basis




with interest sensitive whole life insurance policies, insurers may change interest and

premium rates after reviewing their investment experience. what is the process that

insurers use to make these changes called?


1|Page | Grade A+| 2024/2025

,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

✓ -:- Redetermination




What type of life insurance company is owned by the policy owners?


✓ -:- mutual company




the comprehensive vesting schedule for employer-qualified plans requires which of the

following?


✓ -:- The plan must offer a way for employees to receive full rights to the employer

contributions.




Anne turned 70 this year on march 15. by what date does she have to begin taking

distributions from her retirement plan


✓ -:- april 1 next year




Georges wife ellen, will receive income payments from george's annuity when he dies.

under the annuity contract what is ellen


✓ -:- the beneficiary




ann is the beneficiary of an annuity owned by jim. jim intended to annuitize the contract at

retirement but died shortly before retiring. what benefits will ann receive from the annuity



2|Page | Grade A+| 2024/2025

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

✓ -:- ann will recieve the annuity's accumulated value and may select a payout option




which on of the following types of insurance would an agent recommend for a married

couple that wants the policy exclusively to provide funds to pay estate taxed and

settlement costs when the second spouse dies?


✓ -:- survivorship life




an insured bought a 75,000 ten-year level term policy. which of the following statements

about the insureds policy is NOT correct?


✓ -:- If the insured dies after ten years, only the policy's cash value will be paid to the

beneficiary.




the automatic premium loan APL provision does which of the following?


✓ -:- prevents a life insurance policy from lapsing if the policy owner fails to pay a

premium.




which statement about endowment contracts is NOT correct


✓ -:- the pay a death benefit whether the insured dies during or after the endowment

period




under a joint life insurance policy, when does the insurer pay the death benefit?

3|Page | Grade A+| 2024/2025

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 TestTrackers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. 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
$10.49
  • (0)
  Add to cart