Ucanpass - Study guides, Class notes & Summaries

401k plan - A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment - A permanent and irrevocable transfer of rights and/or benefits by the policy owner. Collateral Assignment - A temporary and/or revocable transfer of benefits by the policy owner. Accelerated Death Benefit - Policy provision that allows full or partial payment of the policy's death benefit before the insured's death if he/she is termina...

Primerica UCanPass Practice | 42 Questions and Answers 100% verified | Updated

Primerica UCanPass Practice 2024 Questions and Answers with complete solution 401k plan - Answer ️️ -A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment - Answer ️️ -A permanent and irrevocable transfer of rights and/or benefits by the policy owner. Collateral Assignment - Answer ️️ -A temporary and/or revocable transfer of benefits by the policy owner. Accelerated Death Benefit - Answer ️️ -...

401k plan - ️️A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment - ️️A permanent and irrevocable transfer of rights and/or benefits by the policy owner. Collateral Assignment - ️️A temporary and/or revocable transfer of benefits by the policy owner. Accelerated Death Benefit - ️️Policy provision that allows full or partial payment of the policy's death benefit before the insured's de...

UCanPass Primerica VA-With 100% verified solutions

Primerica - UCANPASS - Chapter Taxes, Retirement and Other Insurance Concepts Exam Questions And Answers Which of the following is NOT true life settlements? A: They could be sold for an amount greater than the cash value B: They involve insurance policies with large face amounts C: The seller must be terminally ill D: They could be used for a key person coverage - ANS C: The seller must be terminally ill With Life Settlements, unlike with viatical settlements, the seller does no...

Chapter 1 uCanPass life insurance Exam Questions And Answers which of the following is NOT a characteristic of pure risk. - ANS A: The loss must be a catastrophic B: The Loss must be due to change C:The loss must be measurable in dollars. D:The loss exposure must be Large Answer: A: The loss must be Catastrophic A tornado that destroys property would be an example of which of the following? - ANS A Peril .. A peril is the cause off loss insured against in an insurance policy ...

Agent/Producer - a legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or purposed insured - A person applying for insurance Broker - An insurance producer not appointed by and insurer and is deemed to represent a client Insurance policy - A contract between a policyowner (and/or insured) and insurance company which agrees to pay e insured or the beneficiary for loss caused by sp...