Immediate annuity - 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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Insurance Exam AZ #1333 Latest Update Rated A
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Insurance Exam AZ #1333 Latest Update Rated A An insurer must keep advertising materials and records for at least how many years? 3 
The insurance coverage in a variable life insurance policy may vary based on the value of the underlying investments 
When is it acceptable to charge or receive a fee or service charge in addition to the premium in connection with the transaction of insurance? If the amount of the fee or service charge is reasonably related to the cost of the service. 
The dental s...
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Primerica Life Insurance Exam: 2023/ 2024 New Update (Questions and 100% Verified Answers)
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Primerica Life Insurance Exam: 2023/ 2024 
New Update (Questions and 100% Verified 
Answers) 
1. A married couple owns a permanent policy which covers both of their lives and pays the 
benefit only upon the death of the first insured. Which policy is that? 
A. Survivorship Life Policy 
B. Second-to-Die 
C. Family income policy 
D. Joint life policy 
 Answer: D. Joint life policy 
 
 
 
 
 
2. An annuity owner is funding an annuity that will supplement her retirement. Because she 
does not...
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California Life, Accident, And Health Insurance Final Exam Questions With Correct Answers
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California Life, Accident, And Health Insurance Final Exam Questions With Correct Answers 
The systematic liquidation of a sum of money is provided by a(n) annuity 
An annuitant would like to determine the current value of her annuity. To do this, she multiplies the number of 
"accumulation units" she owns times the unit value of the "separate account". What kind of annuity BEST matches 
this description? Variable annuity 
What kind of annuity pays income to two annuitants until their deaths...
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Xcel Final Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest 2024/ 2025)
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Xcel Final Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest 2024/ 2025) 
 
Q: P is a producer who notices 5 questions on a life application were not answered. What actions should P take? 
 
 
Answer: 
Set up a meeting with the applicant to answer the remaining questions 
 
 
 
Q: Q applied for life insurance and submitted the initial premium on January 1. The policy was issued February 1, but it was not delivered by the agent until February 7. Q is dissatisfied and returns the...
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Texas General Lines - Life, Accident & Health Insurance Exam Questions & Revised Correct Answers With Explanation Latest Update | Already Passed!!
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Texas General Lines - Life, 
Accident & Health Insurance 
Exam Questions & Revised Correct 
Answers With Explanation 
Latest Update | Already Passed!! 
1) Sandra Timms, age 27, is advised by her producer to 
purchase Life insurance to cover a 20-year-amortized 
$50,000 business-improvement loan. Which of the 
following plans would adequately protect Ms. Timms at the 
minimum premium outlay? 
A- $50,000 Whole Life policy 
B- $50,000 Level Term policy for 20 years 
C- $50,000 20 Pay Life po...
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Xcel 2-15 Florida Life & Health State Exam Simulator Already Passed
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Xcel 2-15 Florida Life & Health State Exam Simulator Already Passed 
what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 
3 MULTIPLE CHOICE OPTIONS 
which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 
3 MULTIPLE CHOICE OPTIONS 
an insureds inability to perform two or more activities of daily living may trigger which type of life...
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XCEL Final Exam California Life Insurance Exam Questions and Answers 2024
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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...
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Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers
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Arizona Life Insurance Exam 
Questions and Answers 
(Latest Update 2023) 
Verified Answers 
a whole life policy that provides a choice of dividend options include the 
following statement about dividends they accrue at a guaranteed rate 
they are deferred for one year they are not guaranteed they are guaranteed 
after the first year - Correct Answers they are not guaranteed 
When there is a named beneficiary on a life insurance policy, the death 
benefits 
1. are directed to a trustee ...
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XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated
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XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated 
XCel 2-15 florida life & health state exam 
simulator/Answered/A+ Rated 
what is considered to be a characteristic of an immediate annuity 
benefit payments start within one payment period of purchase 
3 MULTIPLE CHOICE OPTIONS 
which of these characteristics is consistent with a straight life policy 
premiums are payable for as long as there is insurance coverage in force 
3 MULTIPLE CHOICE OPTIONS 
an insureds inability t...
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