Annuities Study guides, Class notes & Summaries

2024 FLORIDA LIFE HEALTH AND ANNUITIES 2- 15 450 QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED|NEW!!

Segregated Funds and Annuities (SFA) Exam

Annuities CEWhich of the following is a purpose of the annuity? A. The replacement of earnings upon the disability of an individual B. The distribution of a lifetime income C. The discounting of a principal sum back to its present value D. The creation of a fund at the earth of an individual - correct answer B Why: the purpose of an annuity is the distribution of a lifetime income Annuity purchasers transfer to an insurance company their risk of A. Outliving their financial resour...

Segregated Funds and Annuities Exam Questions and Answers

Segregated Funds and Annuities (SFA) Latest Update Graded A+ What is Segregated Funds LLQP - SFA VL 01 Segregated Fund is also an investment. it is just a fancy version of mutual fund. Segregated Fund is an insurance product, and it is an investment. Segregated Funds offer some unique features that mutual funds generally do not, such as: - Guarantees - Ability to BY-Pass Probate - Creditor Proofing A segregated Fund is a great product but remember it's not Life Insurance! rather, it's an i...

LOMA 281: Meeting Customer Needs with Insurance Annuities Test || Questions & Answers 100% VerifiedLOMA 281: Meeting Customer Needs with Insurance Annuities Test || Questions & Answers 100% VerifiedLOMA 281: Meeting Customer Needs with Insurance Annuities Test || Questions & Answers 100% VerifiedLOMA 281: Meeting Customer Needs with Insurance Annuities Test || Questions & Answers 100% Verified

VA Health Life and Annuities Latest Version Graded A+ Long-Term Care refers to the broad range of medical and personal services for individuals (often the elderly) who need assistance with daily activities for an extended period of time for chronic illnesses like arthritis, rheumatism, and so forth. Limited Policies Restrict benefits to specified accidents or diseases, such as travel policies, dread disease (cancer) policies, ticket policies, and so forth. Managed Care Organizatio...

Life, health & annuities NE insurance exam latest update graded A+ Not regarding deferred annuities Accumulated funds cannot be out assessed until the pay out. Using the needs approach you wouldn't need Prospects employment history Not common use for life insurance Liquidate and estate it usually only creates an estate The exclusion ratio applies until all principal and annuity contract has been paid out after that what will happen The full amount a future annuity payments are tre...

Life Insurance/ annuities 2-14 Questions and Answers Rated A+ Which of the following individuals MUST be licensed as an agent? A person who places insurance on behalf of anyone seeking insurance. Which of the following statements regarding a nonresident insurance agent is CORRECT? The agent must hold a similar license in their state of residence State insurance laws specifically allow the Commissioner(or Director) to issue a temporary license to which of the following individuals? A surviving ...

Florida Insurance 2-14 Exam Terms (2-15 Life, Health, and Variable Annuities. State of FL Exam) Complete 2023