Annuitization is Study guides, Class notes & Summaries

WebCE Test 1 Questions and Answers 100% CorrectWebCE Test 1 Questions and Answers 100% CorrectWebCE Test 1 Questions and Answers 100% CorrectWebCE Test 1 Questions and Answers 100% Correct 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 surrender her Ohio license. She must be sponsored by a producer licensed in Penn...

J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - Twisting What is implied authority defined as? - Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties A person who is a nonsmoker, average weight, excellent health would fall into what risk classification? - Preferred Which of the following is considered to be the period when the ...

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 surrender her Ohio license. She must be sponsored by a producer licensed in Pennsylvania. She must show her Ohio license is in good standing. she must show her Ohio license is in good standing An annuity settlement option with a life contingency is one that: pa...

ARKANSAS LIFE INSURANCE 242 EXAM STUDY QUESTIONS WITH COMPLETE SOLUTIONS 100% VERIFIED J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - Correct Answer Twisting What is implied authority defined as? - Correct Answer Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties A person who is a nonsmoker, average weight, excellent health...

Replacement regulation is designed to protect - Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide - Preventative health services Which of these will have the highest monthly payout upon annuitization - Straight life Which of the following is included in the entire contract according ti the entire contract provison? - Clauses Which of the following is considered to be an alternative to a life settlement? - Accelered de...

WebCE Test 1 Questions With Verified Solutions 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 surrender her Ohio license. She must be sponsored by a producer licensed in Pennsylvania. She must show her Ohio license is in good standing. - ANS she must show her Ohio license is in good standing An annuity s...

Withdrawals from a non-qualified annuity prior to annuitization are taxed on a ___________ basis. A First in, last out (FILO) B First-in, first out (FIFO) C Last-in, first out (LIFO) D Average cost basis (ACB) - correct answerC Before granting a license, the Director may ask for which of the following type of information? A College degree B Copy of tax returns C Verification of medical history D Criminal background information - correct answerD Which is true regarding the...

Primerica Life Insurance Exam | 2023/ 2024 Newly Updated!!! (Questions and 100% Verified Answers) 1. The annuity owner dies while the annuity is still in the accumulation stage. Which of the following is TRUE? Answer: The beneficiary will receive the greater of the money paid into the annuity or the cash value. 2. Which of the following best describes what the annuity period is? Answer: The period of time during which accumulated money is converted into income payments...

WebCE Test 1 Actual Questions with Complete Solutions 100% verified 2023 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 surrender her Ohio license. She must be sponsored by a producer licensed in Pennsylvania. She must show her Ohio license is in good standing. An annuity settlement option with a life contingency is ...

What is the primary difference between fixed and variable annuities? A The frequency of the product's premium payments B The option for annuitization C The ways in which their funds are invested for growth D Provisions for death benefits C Which annuity design is appropriate for a consumer who seeks a way to grow and accumulate funds for the future? A Immediate annuity B Deferred annuity C Both A and B D Neither A nor B B "Using capital to purchase income" defines whic...