Funding method of annuity - Study guides, Class notes & Summaries

Agent's Report - Provides the agent's personal observations concerning the proposed insured, it is not a part of the entire contract, but a part of the application Application - The starting point and basic source of information used by the company in the risk selection process Application Part 1 - The general information part of the application, such as demographic questions, as well as any existing policies, and what policy is being applied for Application Part 2 - The medical informat...

Florida Life and Variable Annuity Correct Questions and Answers(RATED A)variable annuity - ANSWER 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 - ANSWER covers two or more lives and contiunes in force so long as any one of them survives period certain annuity - ANSWER annuity imcome option that guarantees a definite minimum peroid of payments life annuity - ANSWER p...

WGU D076 OVER 300 QUESTIONS AND ANSWERS LATEST ALREADY GRADED A+;BOTH OA AND FINAL EXAM ARE COMBINED PLUS ALL UNIT TESTS 100% VERIFIED What are the main services offered by financial institutions? A. Soliciting charitable donations and then managing the distribution of these funds B. Accepting a wide variety of deposits, offering investment products, providing loans, and brokering financial transactions C. Deciding which assets to invest in to create wealth in the future D. Evalu...

variable annuity - CORRECT ANSWER-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 - CORRECT ANSWER-covers two or more lives and contiunes in force so long as any one of them survives period certain annuity - CORRECT ANSWER-annuity imcome option that guarantees a definite minimum peroid of payments life annuity - CORRECT ANSWER-payable during the continued life of th...

Accident, Life, and Health Insurance questions and answers 2024 Update Accident, Life, and Health Insurance questions and answers 2024 Update Accident, Life, and Health Insurance questions and answers 2024 Update Premiums paid by self-employed sole proprietors or partners for medical expense insurance are - answera) Not tax deductible b) Partially tax deductible c) Totally tax deductible What is the purpose of a conditional receipt - answera) It is given by the agent only to applicants who ful...

Accident, Life, and Health Insurance questions and answers 2024 Update Accident, Life, and Health Insurance questions and answers 2024 Update Premiums paid by self-employed sole proprietors or partners for medical expense insurance are - answera) Not tax deductible b) Partially tax deductible c) Totally tax deductible What is the purpose of a conditional receipt - answera) It is given by the agent only to applicants who fully prepay all scheduled premiums in advance of policy issu...

1 MARYLAND LIFE AND HEALTH INSURANCE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ The contractual rights which allow the owner of a deferred annuity to surrender the cash value several years before the annuity date are called Correct Answer: Nonforfeiture Options How many days does the ACA require insurers to give before rescinding coverage? Correct Answer: 30 Under an adjustable life insurance policy, these may be changed without further writing Correct Answ...

1 MARYLAND LIFE AND HEALTH INSURANCE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ The contractual rights which allow the owner of a deferred annuity to surrender the cash value several years before the annuity date are called Correct Answer: Nonforfeiture Options How many days does the ACA require insurers to give before rescinding coverage? Correct Answer: 30 Under an adjustable life insurance policy, these may be changed without further writing Correct Answ...

Annuitization is - Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? - When a consumer priorities and needs typically shift from asset accumulation to income distribution What is the start date range for deferred ...

RMI 211 Exam 4 1. A contingency beneficiary in a life insurance policy has the right to: - ️ Receive the policy proceeds if the primary beneficiary dies before the insured. 2. A legal reserve in life insurance is a result of: - ️ Excess premiums in the early policy years being invested at compound interest. 3. All of the following are nonforfeiture options found in cash value life insurance policies EXCEPT: - ️ Reduction of premiums. 4. All of the following are requirements that mu...