Equity indexed annuity - Study guides, Class notes & Summaries

California Life Insurance State Exam Simulator Already Passed Exclusion ratio - Answer ️️ -An annuitant would life to determine the amount of an annuity distribution that is exempt from taxation. What is used to calculate this? Mortality rate, Exclusion ratio, Morbidity rate, Debt-to-Equity ration Offers a maximum interest rate that increases annually - Answer ️️ -Which of the following is NOT a feature of equity-indexed annuities? Offers long term inflation protection, Offers ...

Life Insurance Practice Exam Questions and Answers (2023 / 2024) (Verified Answers) The ownership provision entities the policy owner to do all of the following EXCEPT a) Assign the policy. b) Designate a beneficiary. c) Set premium rates. d) Receive a policy loan. c) Set premium rates. The insurer sets premium rates based upon underwriting considerations. Which of the following protects consumers against the circulation of inaccurate or obsolete personal or financial information...

Wisconsin Life Insurance Exam Actual Questions and Answers 2024 Latest Cross Purchase Plans - CORRECT ANSWER-Agreements that provide that upon a business owner's death, surviving owners will purchase the deceased's interest, often with funds from life insurance policies owned by each principal on the lives of all other principals. Entity Plans - CORRECT ANSWER-Agreements in which a business assumes the obligation of purchasing a deceased owner's interest in the business, thereby ...

Exclusion ratio - An annuitant would life to determine the amount of an annuity distribution that is exempt from taxation. What is used to calculate this? Mortality rate, Exclusion ratio, Morbidity rate, Debt-to-Equity ration Offers a maximum interest rate that increases annually - Which of the following is NOT a feature of equity-indexed annuities? Offers long term inflation protection, Offers a minimum guaranteed rate, Offers a maximum interest rate that increases annually, Offers pr...

PSI: LIFE, ACCIDENT, AND HEALTH PRACTICE EXAM ALREADY PASSED Under the misstatement of age or gender provision, what happens if it is determined at death that the insured's age or gender was misstated on a life insurance policy application? Benefits are adjusted to an amount that the premium would have purchased at the correct age or gender. Which of the following must be given to the insurer within 20 days after occurrence or commencement of any loss covered by the policy, or as thereafter a...

CALIFORNIA CA LIFE INSURANCE STATE EXAM SIMULATOR (QUESTIONS AND ANSWERS)2023/2024 Exclusion ratio - CORRECT ANSWER-An annuitant would life to determine the amount of an annuity distribution that is exempt from taxation. What is used to calculate this? Mortality rate, Exclusion ratio, Morbidity rate, Debt-to-Equity ration Offers a maximum interest rate that increases annually - CORRECT ANSWER-Which of the following is NOT a feature of equity-indexed annuities? Offers long term inf...

How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? 2 years What is the return of premium rider? an increasing amount of term insurance that always equals the total of premiums paid up to the current point In a home healthcare benefit, all of the following are eligible expenses EXCEPT blood transfusions All of the following are classifications of risk EXCEPT non-nicotine Which of the following is exempted from the incontestab...

Life Insurance Practice Exam Questions with Verified Answers The ownership provision entities the policy owner to do all of the following EXCEPT a) Assign the policy. b) Designate a beneficiary. c) Set premium rates. d) Receive a policy loan. c) Set premium rates. The insurer sets premium rates based upon underwriting considerations. Which of the following protects consumers against the circulation of inaccurate or obsolete personal or financial information? a) The Guaranty...

California Life Insurance State Exam Simulator Already Passed Exclusion ratio - Answer ️️ -An annuitant would life to determine the amount of an annuity distribution that is exempt from taxation. What is used to calculate this? Mortality rate, Exclusion ratio, Morbidity rate, Debt-to-Equity ration Offers a maximum interest rate that increases annually - Answer ️️ -Which of the following is NOT a feature of equity-indexed annuities? Offers long term inflation protection, Offers ...

California Life, Accident, and Health State Exam Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - No payments - 30 payments - 60 payments - 120 payments - Answer ️️ -60 Payments An annuitant would like to determine the amount of an annuity distribution that is exempt from taxation. What is used to calculate this? - Mortality rate - Exclu...