Revocable - Study guides, Class notes & Summaries

Wisconsin Life Insurance Exam Questions With 100% Correct Answers A 60-year-old participant in a 401(k) plan takes a distribution and rolls it over to an IRA within 60 days. Which of the following is true? a) The amount of the distribution is reduced by the amount of a 20% withholding tax b) No taxes are due since the plan participant is over age 59 1/2 c) There is a 10% early withdrawal penalty d) The amount distributed is subject to ordinary income tax - a A claimant, whi is to...

Xcel solutions final exam Insuring Which health policy clause specifies the amount of benefits to be paid - Answer ️️ - Insuring The investment gains from a universal life policy usually go to - Answer ️️ -The cash value L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer finds out that the applicant misstated their age. What will the insurer do? - Answer ️️ -Adjust the death benefit to a reduced amount An employee is covered unde...

ALABAMA INSURANCE TEST QUESTIONS & ANSWERS (100% CORRECT) ALABAMA INSURANCE TEST QUESTIONS & ANSWERS (100% CORRECT) Which welfare program provides assistance to the needy? - ANSWER - Medicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - ANSWER - revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - ANSWER - 30 Which type of term policy ...

Pearson Vue Life + Health Insurance Practice Exam Questions And Correct Answers P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: a: irrevocable beneficiary b: revocable beneficiary c: secondary beneficiary B A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A. indemnity contract B. invest...

What is the minimal size of a prep room? correct answer: 12 x 14 What is the minimal size of a funeral home chapel? correct answer: 300 sq ft What type of flooring is required in a prep rm? correct answer: tile or cement What are the minimum requirements in a prep rm correct answer: Flush rim sink, floor drain, backflow preventer Besides a FD and embalmer, who are allowed in the prep room? correct answer: Mort student, immediate family, public official How long is the cooling...

Xcell Testing Solutions (Life & Health) Final 150 Question Practice Exam 1. When can a policy owner change a revocable beneficiary?: Anytime 2. M purchased an Accidental Death and Dismemberment (AD&D) policy and named his son as beneficiary

What is the term for how frequent a policyowner is required to pay the policy premium? correct answer: Mode Which of the following statements is true about a policy assignment? correct answer: It transfers rights of ownership from owner to another person During partial withdrawal from a university life policy, which portion will be taxed? correct answer: Interest Which of the following riders is often used in business life insurance policies when the policyowner needs to change the i...

NYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectNYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectNYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectNYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectNYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectA leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - ANSWER-Periodic tenancy Physical land and everything attached t...

Funeral Arts National Board Exam, Answered-Register of all the general ledger accounts - Will Show profits and losses of a business Difference between currents assets and liabilities. When current assets exceed liabilities - Working Capital Must include what three disclosures - Embalming, Cash Advance, & Legal Requirements Uniform commercial code has 4 different kinds of paper - Promissory Note, Draft, Checks and certificates of deposit What kind of law enacts statutory law - Adminis...

Xcel Solutions IN Life Insurance Final Exam P is a producer who is licensed in Indiana , but a resident of Michigan . In Indiana , P is considered to be a ( n ) __________ producer . nonresident . Why would the Insurance Commissioner issue a temporary license ? To allow the personal representative of a deceased producer to provide service to existing policyowners Which provision is NOT a requirement in a group life policy ? Accidental A ( n ) _________ beneficiary may be changed by th...