Survivor protection - 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 ...

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...

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...

Under a traditional IRA, interest is taxed: Only if withdrawn prior to age 59 1/2 According to the capital gains rate Upon distribution During the accumulation phase - ANSWER-Upon distribution Which of these statements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 Earnings are not taxable when withdrawn Earnings are taxable when withdrawn Contribution are never tax deductible Contributions are always made by the employer - ANSWER-Earnings are taxable when withdrawn Wh...

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 a minimum guaranteed rate, Offers a maximum interest rate that increases annual...

All of the following information about a customer must be used in determining annuity suitability EXCEPT a) financial experience b) annual income c) beneficiary's age d) tax status - c A claimant, whi is totally and permanently disabled, is eligible for Social Security Disability benefits after an elimination period of a) 24 months b) 0 months c) 5 months d) 12 months - c A corporation is the owner and beneficiary of the key person life policy. If the corporation collects the polic...

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...

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...

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 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 ...