Immediate annuity - Study guides, Class notes & Summaries
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Primerica Practice Exam Test A 75 Questions & Answers 2023
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Primerica Practice Exam Test A 75 Questions & 
Answers 2023 
1. An annuity that is purchased with a lump sum premium and whose benefits begin 
after 12 months is called a: 
A. Single premium immediate annuity. 
B. Single premium deferred annuity. 
C. Level premium variable annuity. 
D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 
2. A technique used to determine the amount of life insurance needed by focusing on 
the projected earning potential of an insured ...
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CRPC Practice Test Questions and Answers All Correct
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CRPC Practice Test Questions and Answers All Correct 
 
Discuss the use of a bucket strategy - Answer-- used to mitigate the sequence of returns risk by creating a bucket of cash or money market instruments for immediate cash flow needs, while also maintaining a diversified portfolio of more volatile assets with high potential returns for future needs. 
 
Discus the role that a single premium immediate annuity (SPIA) can plan in a clients retirement income portfolio - Answer-- the purchase of a...
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Kentucky Life Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (New 2024/ 2025 Update)
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Kentucky Life Insurance Exam Prep| 
Questions and Verified Answers| 100 % 
Correct| Grade A (New 2024/ 2025 Update) 
 
 
QUESTION 
 Nonforfeiture Options 
Three options available by law to policyowners that enable them to recover a policy's cash-value 
upon surrender of that policy. (1) Cash (2) Reduced Paid-Up Insurance (3) Extended Term 
Insurance 
 
 
 
QUESTION 
 Immediate Annuities 
 
 
Answer: 
- Can only be funded using the Single Premium payment method 
- First income payment is ma...
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California Life Insurance State Exam Simulator Questions and Answers 100% Pass
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California Life Insurance State Exam Simulator 
Questions and Answers 100% Pass 
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 t...
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Florida Life, Health and Variable Annuity Exam Correct !!
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Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) 
 
Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. 
 
Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...
And that's how you make extra money
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GA Life Insurance Exam Questions Reviewed And Revised With Correct Answers <Guarantee Pass |Updated!!>
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GA Life Insurance Exam 
Questions Reviewed And Revised 
With Correct Answers 
<Guarantee Pass |Updated!!> 
1) What are the three types of annuities? - ANSWER 
variable, and indexed 
Fixed, 
2) What are the main features of a fixed annuity? - ANSWER 
guaranteed, fixed payment amount, premiums in general 
account 
3) What are the main features of a variable annuity? - ANSWER 
payment not guaranteed, premiums in separate account, 
and invested in stocks and bonds 
4) What ...
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Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A
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Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A 
 
 
An insurer decides to renew a policy but at a higher premium rate, starting on the renewal date. How many days in advance must the insured be notified? 
 
a) 30 
b) 60 
c) 90 
d) 100 - -b 
 
How is the Commissioner of Insurance placed in office? 
 
a)By NAIC nomination 
b)Through a bid process 
c)An election at the same time that other state officials are selected 
d)An appointment by the Governor - -d 
 
An ins...
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GA Life Insurance Exam Questions Reviewed And Revised With Correct Answers <Guarantee Pass |Updated!!>
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GA Life Insurance Exam 
Questions Reviewed And Revised 
With Correct Answers 
<Guarantee Pass |Updated!!> 
1) Which of the following is NOT a valid contract exchange? 
>An annuity exchanged for a life insurance policy 
> An annuity exchanged for another annuity 
> A life insurance policy exchanged for an annuity - ANSWER 
An annuity exchanged for a life insurance policy 
2) When a sum of money undergoes capital liquidation, that 
sum will 
>increase in value 
>...
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Texas Life Health Insurance Exam Questions and Answers
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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 
...
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California Life Insurance State Exam Simulator Study Guide with Complete Solutions 2024 Graded A
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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...
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