Liquidation of an estate - Study guides, Class notes & Summaries

Efficient market hypothesis states that a. markets are efficient because of immediate information availability b. transaction costs are competitive due to the volume of brokers/dealers c. trade costs are nominal due to automated systems and redundant information delivery d. markets are efficient with respect to value and pricing correct answers d After extensive research, an agent found a great mutual fund investment for a customer who is also the agent's partner in a real estate busines...

PEARSON VUE LIFE INSURANCE Exam Questions and Answers Latest Updated 2024/2025 | Scored A+. P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary - ANSWER-B A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A.indemnity cont...

1 OHIO LIFE INSURANCE – BASICS: COMPLETE EXAM REVIEW QUESTIONS AND ANSWERS/ Beneficiary - -A person who receives the benefits of an insurance policy Death Benefit - -The amount paid upon the death of the insured in a life insurance policy Cash value - -Equity amount accumulated in a permanent life insurance Estate - -A person's net worth Illustrations - -Presentation or depiction of non-guaranteed elements of a life insurance policy Life Insurance - -Coverage on human life Liquidatio...

An insurance producer selling a Variable Annuity whose cash value depends on the performance of an underlying investment account must be registered with: - correct answer The Financial Industry Regulatory Authority (FINRA, formerly the NASD) A life insurance policy whose cash value will fluctuate depending upon the performance of a separate account is: - correct answer Variable Life John Livingston owns a 30-Pay Life policy that he purchased at the age of 30. The cash value will equal the ...

"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...

Arizona Life Insurance Exam - Life Insurance Basics Questions and Answers 100% Pass Beneficiary - Correct Answer ️️ -A person who receives the benefits of an insurance policy Death Benefit - Correct Answer ️️ -The amount paid upon the death of the insured in a life insurance policy Cash Value - Correct Answer ️️ -Equity amount accumulated in permanent life insurance Estate - Correct Answer ️️ -A person's net worth Illustrations - Correct Answer ️️ -Presentation or ...

Beneficiary - Answer A person who receives the benefits of an insurance policy Death Benefit - Answer The amount paid upon the death of the insured in a life insurance policy Cash Value - Answer Equity amount accumulated in permanent life insurance Estate - Answer A person's net worth Illustrations - Answer Presentation or depiction of nonguaranteed elements of a life insurance policy Life Insurance - Answer Coverage on human lives Liquidation - Answer Selling as...

PEARSON VUE LIFE INSURANCE Exam Questions and Answers Latest Updated 2024/2025 | Scored A+. A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A.indemnity contract B.investment contract C.endowment D.annuity - ANSWER-D An insurance producer takes an application for a life insurance policy but does not collect the initial premium. On delivery of the policy to the proposed insured, the producer must collect the...

PEARSON VUE LIFE INSURANCE Exam Questions and Answers Latest Updated 2024/2025 | Graded A+. P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary - ANSWER-B A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A.indemnity cont...

Life Insurance Study Exam- Georgia Questions And Revised Correct Answers | 100% Pass!! An insurance producer selling a Variable Annuity whose cash value depends on the performance of an underlying investment account must be registered with: - ANSWER : The Financial Industry Regulatory Authority (FINRA, formerly the NASD) A life insurance policy whose cash value will fluctuate depending upon the performance of a separate account is: - ANSWER : Variable Life John Livingston owns ...