Annuity payout - Study guides, Class notes & Summaries
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214 FLORIDA INSURANCE LIFE AND VARIABLE ANNUITY ACTUAL EXAM UPDATED
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214 FLORIDA INSURANCE LIFE AND 
VARIABLE ANNUITY ACTUAL EXAM 
UPDATED 
variable annuity - CORRECT ANSWER-there is no guarantee of the dollar amount of 
the payments, they fluctuate according to the value of an account vest primarly in 
common stocks 
join and survivor annuity - CORRECT ANSWER-covers two or more lives and contiunes 
in force so long as any one of them survives 
period certain annuity - CORRECT ANSWER-annuity imcome option that guarantees a 
definite minimum peroid of paymen...
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Michigan Variable Annuities Exam fully solved graded A+ 2023/2024
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Michigan Variable Annuities ExamOther names for pure life settlement - correct answer -life income 
-life annuity 
 
What annuity settlement option produces the largest monthly income guaranteed for life? - correct answer pure life settlement option 
 
second life contingency option - correct answer life with period certain (ie. 10 years) so even if the annuitant does or does not die within that timeframe, insurer guarantees to continue the annuity payments to a named beneficiary for the bala...
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PA Life Insurance Exam Questions and Answers Already Passed
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PA Life Insurance Exam Questions and 
 
Answers Already Passed 
 
Single premium cash value policy can be described as.. a policy that is paid up only after one 
payment 
 
All of the following are considered appropriate uses of life insurance.. - attracting quality 
employees by offering a group life plan 
- protecting the business by covering key employees with life insurance 
- funding an entity buy sell agreement 
 
The do not call list offers exemption from all except life insurance 
 
Ken ...
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PSI Life Exam Questions and Answers 100% Pass
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SI Life Exam Questions and Answers 100% Pass What kind of retirement plan can a 75-employee for profit corporation establish? Simple IRA 
The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the Exclusion ratio 
Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT failure to pay all claims that are reported within 90 days after a loss occurs 
The settlement option t...
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NJ Life Producer Exam Questions and Answers Graded A+
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NJ Life Producer Exam Questions and 
 
Answers Graded A+ 
 
Under a Traditional IRA, interest earned is taxed upon distribution 
 
Which of these statements regarding the annuitants is CORRECT? The annuitant's life 
expectancy determines the annuity payment 
 
What will the beneficiary receive is annuitant dies during the accumulation period? The 
greater the accumulated cash value or the total premium paid 
 
Which of the following actions is REQUIRED by an agent who is replacing an existing l...
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SC Accident. Health, and Life Insurance Exam Questions & Answers 100% Accurate!!
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Annuity Certain - ANSWERSMaria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called 
 
Survivorship Life - ANSWERSThe type of policy which pays on the death of the last person is called 
 
Malign another insurer - ANSWERSDefamation occurs when a producer makes a false statement intended to 
 
A 70 year old NOT eligible for Social Security 
 
*You are not eligible to receive Medicare Part A benefits at age 65 or older if you are el...
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PSI Insurance Exam OH Life, Accident, and Health Questions and Answers Latest 2024
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What is it called when a life insurance policy pays a multiple of the coverage 
amount when certain types of accidents occur? - CORRECT ANSWER-multiple 
indemnity 
Upon the issuance of a conditional receipt for a renewal when the premium is 
paid AFTER the time granted by the insurer, what is the maximum amount of 
time for reinstatement of the policy? - CORRECT ANSWER-30 days 
Which of the following statements regarding a pure life annuity payout option is 
correct? - CORRECT ANSWER-This option...
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Oklahoma PSI Life, Accident, and Health Insurance Exam | 230 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 22 Pages
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What is it called when a life insurance policy pays a multiple of the coverage amount when certain types 
of accidents occur? - multiple indemnity 
Upon the issuance of a conditional receipt for a renewal when the premium is paid AFTER the time 
granted by the insurer, what is the maximum amount of time for reinstatement of the policy? - 30 
days 
Which of the following statements regarding a pure life annuity payout option is correct? - This 
option provides the highest monthly income. 
Which o...
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Florida 2-15 Insurance License Actual Exam Questions and Answers Already Graded A
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Florida 2-15 Insurance License Actual Exam Questions 
and Answers Already Graded A 
Accumulation units are converted into annuity units: at the time of annuity payout. 
A group life insurance plan in which the employer pays the entire premium is known as a 
________________ plan. noncontributory 
If a disabled worker covered under Social Security disability benefits recovers and then is 
disabled again within five years, a new waiting period is required before benefits begin again. 
FALSE 
Rober...
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GA: Life Insurance Exam Questions and Answers 100% Pass
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GA: Life Insurance Exam Questions and 
Answers 100% Pass 
When does an Endowment Life policy mature? - Correct Answer ️️ -When the Insured 
dies or reaches the age or date of endowment. 
A securities license is required to sell which of the following? - Correct Answer ️️ - 
Variable Universal Life 
Which is a community based provider of insurance benefits: - Correct Answer ️️ -PPO 
The Payor Benefit Rider is commonly found in policies insuring: - Correct Answer ️️ - 
juveniles. 
...
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