Nonforfeiture law - Study guides, Class notes & Summaries
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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 Testing Solutions, Life and Health Insurance Exam Questions With Answers Latest 2023-2024 Graded A+
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Barbara's policy includes a rider which allows her to purchase additional insurance at specific 
dates or events without evidence of insurability. This rider is called a(n) 
Answers>>Guaranteed insurability rider 
A guaranteed insurability rider allows for the insured to purchase additional insurance at 
specific dates or events without evidence of insurability. 
Disability Income plans which require that the insurer can NEVER change or alter premium rates 
are usually considered Answers&g...
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FINAL EXAM - ARIZONA LIFE AND HEALTH QUESTIONS AND ANSWERS GRADED A
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FINAL EXAM - ARIZONA LIFE AND HEALTH QUESTIONS AND ANSWERS GRADED A 
Which of these is true regarding the exchange of consideration among parties involved in an insurance contract? Can be unequal 
The premiums paid by an employer for his employee's group life insurance are usually considered to be? Tax-deductible to the employer 
Kevin has an existing life insurance policy and assigns it to another insurer for a new contract. How would this transaction be treated for tax purposes? As a section ...
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Texas Life And Health Insurance Exam Questions With Correct Answers | Latest 2023/2024 (Graded A+)
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Texas Life And Health Insurance Exam Questions With Correct Answers | Latest 2023/2024 (Graded A+). Which of the following actions is NOT possible with a Universal Life policy? - Correct 
Answer-Premiums may be applied as a credit against income tax 
Which of the following will a Long Term Care plan typically provide benefits for? - 
Correct Answer-home health care 
Which health policy clause stipulates that an insurance company must attach a copy of 
the application to the policy to ensure that...
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PSI Life Exam Questions and Answers 2022/2023
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What kind of retirement plan can a 75-employee for profit corporation establish? - ANSWER-Simple IRA 
 
The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - ANSWER-Exclusion ratio 
 
Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT - ANSWER-failure to pay all claims that are reported within 90 days after a loss occurs 
 
The settlement option that allows p...
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Kentucky Life Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (New 2024/ 2025 Update)
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Kentucky Life Insurance Exam Prep| 
Questions and Verified Answers| 100 % 
Correct| Grade A (New 2024/ 2025 Update) 
 
 
QUESTION 
 Nonforfeiture Options 
Three options available by law to policyowners that enable them to recover a policy's cash-value 
upon surrender of that policy. (1) Cash (2) Reduced Paid-Up Insurance (3) Extended Term 
Insurance 
 
 
 
QUESTION 
 Immediate Annuities 
 
 
Answer: 
- Can only be funded using the Single Premium payment method 
- First income payment is ma...
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Webce Insurance test questions and Answers Graded A+
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Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 
 
20 
30 
10 
45 - ANSWER-10 days 
 
Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? 
 
 She must move to Pennsylvania. 
 She must surrende...
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Exam FX 408 Questions With Complete Solutions (This is the simulator examination)
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#1 What is another name for an Administrative-Services Only Arrangement correct answer: Third-Party Administrator 
 
#3 Which of the following statements is True concerning the Accidental Death Rider ? correct answer: It will pay double or triple the face amount 
 
# 4 On a disability income policy that contains the "Own Occupation" definition of total disability, the insured will be entailed to benefits if they cannot perform? correct answer: Their regular job 
 
# 5 At what age dose indiv...
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Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A
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Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A 
 
Q: Which of these techniques will remove the risk of losing money in the stock market by never purchasing stocks? 
 
 
Answer: 
Risk avoidance 
Risk avoidance could eliminate the risk of losing money in the stock market by never investing in stocks. 
 
 
 
Q: Which of the following nursing home options would BEST suit an individual who needs some nursing care and supe...
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Exam FX Simulator Examination | 408 Questions with 100% Correct Answers | Verified | Latest Update 2024
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#1 What is another name for an Administrative-Services Only Arrangement - Third-Party 
Administrator 
#3 Which of the following statements is True concerning the Accidental Death Rider ? - It will pay 
double or triple the face amount 
# 4 On a disability income policy that contains the "Own Occupation" definition of total disability, the 
insured will be entailed to benefits if they cannot perform? - Their regular job 
# 5 At what age dose individuals qualify for Medicare? - 65 
#6 Which of t...
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