Deferred annuities - Study guides, Class notes & Summaries

"Constructive Receipt" is normally applicable to the tax treatment of... : Non-Qualified Deferred Compensation Plans Non-Qualified Deferred Compensation : TCHRA: Compensation that is not immediately taxable. It does not qualify under ERISA for tax exemption. Taxation occurs once the individual receives the compensation or "property" A 1035 exchange refers to a tax free exchange of... : Annuities 1035 Exchange : IRS allows tax-free transfer of cash values between 2 LIKE policies (i...

Florida Life and Variable Annuity Latest 2024 100% Pass variable annuity there is no guarantee of the dollar amount of the payments, they fluctuate according to the value of an account vest primarly in common stocks join and survivor annuity covers two or more lives and contiunes in force so long as any one of them survives period certain annuity annuity imcome option that guarantees a definite minimum peroid of payments life annuity payable during the continued life of the annuitant. No prov...

Texas Life Health Insurance Exam Questions and Answers Which provision is NOT a requirement in a group life policy? - Answer-Accidental If its employees share in the cost of insurance, what type of group life insurance plan would a corporation have? - Answer-Contributory W is a 39-year old female who just purchased an annuity to provide income for life starting at age 60. All of these would be acceptable annuity choices EXCEPT a(n) Flexible Premium Deferred annuity Variable annuity ...

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...

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...

Annuities Questions and Answers | Latest Version | 2024/2025 | Graded A+ **What happens when a group annuity member retires?** a. The group annuity pays the monthly income directly from the group contract. b. The retiree converts the group contract into a variable annuity. c. An individual annuity contract is issued using funds from the group contract. d. The employer purchases a fixed annuity for retirees' benefits. c. An individual annuity contract is issued to the retiring member us...

2. A new Commissioner or Director is put into office. 48.All of the following events will terminate a producer's certificate of appointment EXCEPT (Choose from the following options) 1. A producer's license is suspended or revoked by the Department of Insurance 2. A new Commissioner or Director is put into office 3. A producer's license expires and is not renewed 4. A termination issued by the appointing insurer. 2. The policyowner can specify the way proceeds are split in the po...

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...

variable annuity - there is no guarantee of the dollar amount of the payments, they fluctuate according to the value of an account vest primarly in common stocks join and survivor annuity - covers two or more lives and contiunes in force so long as any one of them survives period certain annuity - annuity imcome option that guarantees a definite minimum peroid of payments life annuity - payable during the continued life of the annuitant. No provision is made for the guaranteed return of the u...

AZ Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which of these is an accurate statement regarding the fixed period settlement option on a life insurance policy? Answer: A portion of the payments paid to the beneficiary comes from interest calculated on the proceeds of the policy Q: Under what circumstance does an accident and health insurer have the right to request an autopsy? Answer: When not prohibited...