An annuity promises t - Study guides, Class notes & Summaries

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) An asset's liquidity is determined by how readily the asset can be converted to an appropriate amount of cash. Answer: True False 2) The principal reason for excluding many intangible assets from the balance sheet is that they are difficult to value. Answer: True False 3) Based on generally accepted accounting principles, assets are recorded on the balance at their current market value. Answer: Tr...

Final Exam- Tennessee Life & Health Questions and Answers 100% Pass The reason for a business having a Business Overhead Expense Disability Plan is to cover: Fixed Business Expenses What is the initial requirement for an insured to become eligible for benefits under the Waiver of Premium provision? Insured must be under a physician's care K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that cov...

Texas State Exam Simulator - Life and Health Insurance (200 Questions Practice Exam) with Complete Solutions Texas State Exam Simulator - Life and Health Insurance (200 Questions Practice Exam) with Complete Solutions An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called An installment Refund annuity A St...

1 ARKANSAS LIFE INSURANCE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ A life insurance premium is paid each month. The insurer then subtracts a mortality and expense charge from the policy's cash value. This best describes which of the following life insurance policies? A. Whole Life B. Variable Whole Life C. Universal Life D. Adjustable Whole Life Correct Answer: C. Universal Life What is the name of a single policy covering two or more lives that pays ben...

GA Life and Health Questions and Answers 100% Pass Policyholders elect the governing bodies of which of the following types of insurance companies? Mutual An insurance agent is in violation of the Rules Governing Advertisement of Life Insurance and Annuities if the agent takes which of the following actions during a sales presentation? Refers to guaranteed policy dividends An insurance agent is guilty of twisting if the agent misrepresents a policy to induce a policyowner to surrender an exis...

Abandonment - Answers The failure to occupy and use property that may result in loss of rights Abatement of Nuisance - Answers Extinction or termination of a nuisance Abstract of Judgement - Answers A condensation of the essential provisions of a court judgement Abstract of Title - Answers A summary or digest of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record wh...

Life and Health Insurance Exam Questions and Answers 100% Correct Application - Answers Which of the following is the basic source of information used by the company in the risk selection process? The beneficiary would receive $25,000 if it was determined that the insured qualified for the policy. - Answers An applicant signs an application for a $25,000 life insurance policy, pays the initial premium, and receives a conditional receipt. If the applicant is killed in an automobile accident th...

What action can a policyowner take if an application for a bank loan requires collateral? - Assign policy ownership to the bank Which of the following individual health insurance policies will provide the broadest protection? - Major Medical What is the initial requirement for an insured to become eligible for benefits under the Waiver of Premium provision? - Insured must be under a physician's care Agent J takes an application and initial premium from an applicant and sends the applic...

Exam simulator, Questions with accurate answers. Health insurance policies. Rated A/ 2022-2023 Document Content and Description Below Exam simulator, Questions with accurate answers. Health insurance policies. Rated A/ 2022-2023 What action can a policyowner take if an application for a bank loan requires collateral? - As sign policy ownership to the bank Which of the following individual health insurance policies will provide the broadest protection? - Major Medical What is the initial requir...

What type of risk is unique to a specific industry, business enterprise, or investment type? - ANSWER-Nonsystematic risk Under which of the following circumstances is an investor in a position to acquire stock? - ANSWER-Buy a call, sell a call (The holder of a call has the right to buy stock at the strike price if exercised. The seller of a put is obligated to buy stock at the strike price if exercised) Options- a premium - ANSWER-the cost of an option contract, expressed in dollars per sh...