Annuitization is Study guides, Class notes & Summaries

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...

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

Webce GA Annuity Exam Questions and Answers 100% CorrectWebce GA Annuity Exam Questions and Answers 100% CorrectWebce GA Annuity Exam Questions and Answers 100% CorrectWebce GA Annuity Exam Questions and Answers 100% Correct Annuitization is - ANSWER-Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - ANSWER-A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer'...

Xcel Life Insurance Exam Questions and Answers Already Passed 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...

Annuitization is Correct Answer Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? Correct Answer A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? Correct Answer When a consumer priorities and needs typically shift from asset accumulation to income distribution ...

Arkansas Health Insurance Exam Q&A 2024 Verified In order for a contract to be valid, it must: - CORRECT ANSWER-Contain an offer & acceptance When does a nondisabled person first qualify for a Medicare Supplement Policy? - CORRECT ANSWER-Age 65 A life insurance company has transferred some of its risk to another insurer. The insurer assuming the risk is called the: - CORRECT ANSWER-Reinsurer A common exclusion with vision plans is: - CORRECT ANSWER-Lasik Surgery What are applicants st...

MICHIGAN VARIABLE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS A contract that provides income for a specified period of years, or for life. - correct answer What is an annuity? The purchaser of the annuity contract, but not necessarily the one who receives the benefits - correct answer owner Who has all the rights of an Annuity? - correct answer owner The person who recieves the benefits or the payments from the annuity, whos lige expectancy is taken into consideration. - 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 Pennsylvania. She must show her Ohio license is in good standing. - Answer- she must show her Ohio license is in good standing An annuity settlement option with a life contingency is one th...

Life, Accident, Health Insurance Pennsylvania Part 2 (Annuities, Federal Tax Considerations for Life Insurance)Qs & As 100% Solved In an annuity, the accumulated money is converted into a stream of income during which time period? ️️Annuitization period What best describes what the annuity period is? ️️The period of time during which accumulated money is converted into income payments Which of the following is NOT a term for the period of time during which the annuitant or ...