California life insura - Study guides, Class notes & Summaries

A savings vehicle designed to first accumulate funds and then systematically liquidates the funds is called a(n) - Deferred Annuity 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? - 60 Payments What distinguishes a deferred annuity from an immediate annuity? - The time at which benefit payments start The systematic liquidation of a sum of money...

What is meant by referring to an insurance policy as a unilateral contract? - Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - At all times. Any situation that presents the possibility of a loss is known as - a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? - Personal judgment. The direct distribution of insura...

California Life Insurance State Exam Simulator Questions and Answers

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...

CALIFORNIA LIFE ONLY LIFE INSURANCE STATE EXAM QUESTIONS AND ANSWERS

California Life Insurance State Exam Simulator (100% Correct) Questions And Answers 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 —CORRECT ANSWER: Exclusion ratio 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...

California Life Insurance Exam Questions and Answers (2024 / 2025) (Verified Answers)

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 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...

California Life Insurance Exam