Annuity payout - Study guides, Class notes & Summaries
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Michigan Life Insurance State Exam Solved 100% Correct
- Exam (elaborations) • 35 pages • 2023
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Under a traditional IRA, interest is taxed: 
 
Only if withdrawn prior to age 59 1/2 
 
According to the capital gains rate 
 
Upon distribution 
 
During the accumulation phase - ANSWER-Upon distribution 
 
Which of these statements concerning Traditional IRAs is CORRECT? 
 
Earnings are not taxable when withdrawn 
 
Earnings are taxable when withdrawn 
 
Contribution are never tax deductible 
 
Contributions are always made by the employer - ANSWER-Earnings are taxable when withdrawn 
 
Wh...
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NWM Exam Questions & Answers Already Graded A+
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"non-par" - policy makers don't get dividends (because they aren't owners) 
"par" - policy makers get dividends (because they are owners) 
10 year endowment (homeservice) - whole life policy with a small face value and a short maturity 
date; once policy matures, owner will receive the face value 
1035 exchange - In accordance with section 1035 of the Internal Revenue Code certain exchanges 
of life insurance policies and annuities may occur in a nontaxable exchange 
- When a cash value li...
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OHIO LIFE ONLY EXAM 2024 WITH 100% CORRECT ANSWERS
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OHIO LIFE ONLY EXAM 2024 WITH 100% CORRECT ANSWERS 
 
 
Which annuity payout option allows the policyowner to choose a pre-determined number of benefit payments? - correct answer Period certain 
 
What happens when an insurance policy is backdated? - correct answer The policy's probation period is earlier than the present 
 
What is an insurer required to do when faced with an error made under the Misstatement of Age provision? - correct answer Pay age-corrected benefits 
 
An insurer will acc...
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AZ Life Insurance Exam Prep Study Guide with 100% Complete Solutions
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AZ Life Insurance Exam Prep Study 
Guide with 100% Complete Solutions 
-Secondary - Correct Answer ️️ -A Contingent Beneficiary has the __________ right 
to collect an Insured's death benefit. 
-A uniform set of insurance regulations - Correct Answer ️️ -What does the Producer 
Licensing Model Act (PLMA) provide? 
-A uniform set of insurance regulations 
-Disability income 
-A double payout 
-Private Life Maturity Assets 
-They are known for their very flexible payment terms - Correct A...
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Annuities CE questions with complete solutions 2024/2025
- Exam (elaborations) • 18 pages • 2024
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Annuities CEWhich of the following is a purpose of the annuity? 
 
A. The replacement of earnings upon the disability of an individual 
B. The distribution of a lifetime income 
C. The discounting of a principal sum back to its present value 
D. The creation of a fund at the earth of an individual - correct answer B 
 
Why: the purpose of an annuity is the distribution of a lifetime income 
 
Annuity purchasers transfer to an insurance company their risk of 
 
A. Outliving their financial resour...
Too much month left at the end of the money?
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214 FLORIDA INSURANCE PRACTICE QUESTIONS – WELL ANSWERED 2024
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Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance 
Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver 
This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeastern...
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214 Florida Insurance Exam Questions and Answers (Solved)
- Exam (elaborations) • 21 pages • 2024
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Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance 
Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver 
This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeastern...
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214 FLORIDA INSURANCE COMPLETE RETAKE EXAM STUDY SET
- Exam (elaborations) • 21 pages • 2024
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Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance 
Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver 
This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeastern...
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NJ Life Insurance Study Set Questions with Correct Answers
- Exam (elaborations) • 10 pages • 2024
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NJ Life Insurance Study Set Questions with Correct Answers 
What waiver waives all future premiums in the event of total and permanent disability? - Answer-Waiver of premium 
 
Which rider guarantees that at specified ages, dates, or events, the insured may buy additional insurance without a med exam? - Answer-Guaranteed insurability 
 
Annuity Premium Determination Factors - Answer-1. Age 
2. Sex 
3. Assumed interest rate 
4. Income amount & payment guarantee 
5. Loading for company expenses 
 ...
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Web.Ce Correct Life Insurance Answers verified already passed
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Web.Ce Correct Life Insurance AnswersLife Insurance Exam (WI) Flashcards | Quizlet - correct answer a fine of up to $1,000 
 
Kate bought a universal life policy with a $200,000 death benefit and chose death benefit option 1. In year five of the policy, she withdrew $50,000 from the policy's cash value. If she dies after withdrawing the $50,000, what will her beneficiary receive? - correct answer $150,000 
 
An insurer sends a premium statement to a former policyowner. However, the policy has l...
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