Ins 3303 - Study guides, Class notes & Summaries

Exam (elaborations) INS 3303 Life Ins 2nd Half Final Study Guide For estate tax purposes, life insurance Selected Answer: held by a revocable life insurance trust is includable in the grantor's estate  Question 2 0 out of 2 points Which of the following goals can be achieved by the use of key employee life insurance? Assure shareholders of a public corporation that the price of the stock will not plummet at the death of a president or other senior executive.  Question 3 ...

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Exam (elaborations) INS 3303 Life Ins 2nd half Final Study Guide (INS3303) Question 1 2 out of 2 points For estate tax purposes, life insurance Selected Answer: held by a revocable life insurance trust is includable in the grantor's estate  Question 2 0 out of 2 points Which of the following goals can be achieved by the use of key employee life insurance? Assure shareholders of a public corporation that the price of the stock will not plummet at the death of a president or oth...

Exam (elaborations) INS 3303 Life Insurance Exam 2 Ch 9 11-19 22 (INS3303) A policy that originally is not a modified endowment contract will be subject to re-testing if there is a "material change" in the contract. Which of the following would likely be a material change? Answer Selected Answer: Increases in death benefits because of premiums paid for the policy to support the first seven contract years of benefits. Correct Answer: An exchange of one policy for another policy in a...

A policy that originally is not a modified endowment contract will be subject to re-testing if there is a "material change" in the contract. Which of the following would likely be a material change? Answer Selected Answer: Increases in death benefits because of premiums paid for the policy to support the first seven contract years of benefits. Correct Answer: An exchange of one policy for another policy in a 1035 exchange. • Question 2 0 out of 5 points A policy that automatica...

INS 3303 Life Insurance Exam 2 Ch 9 11-19 22 A policy that originally is not a modified endowment contract will be subject to re-testing if there is a "material change" in the contract. Which of the following would likely be a material change? Answer Selected Answer: Increases in death benefits because of premiums paid for the policy to support the first seven contract years of benefits. Correct Answer: An exchange of one policy for another policy in a 1035 exchange. • Questi...

For estate tax purposes, life insurance Selected Answer: held by a revocable life insurance trust is includable in the grantor's estate  Question 2 0 out of 2 points Which of the following goals can be achieved by the use of key employee life insurance? Assure shareholders of a public corporation that the price of the stock will not plummet at the death of a president or other senior executive.  Question 3 0 out of 2 points Which of the following circumstances, if true, woul...