LIFE INSURANCE ONLY CALIFORNIA Bundled Exams with Complete Solution | Download to Score A | Verified

a group contract is between who? - the insurer and the employer what is a keogh plan? - a retirement plan for those who are self employed what is a illustration? - a presentation or depiction that includes non guaranteed elements of a policy of life insurance over a period of years in a life ins...

LIFE INSURANCE - Insurance that pays out a sum of money either on the death of the insured person or after a set period. TERM LIFE INSURANCE - Life insurance that pays a benefit in the event of the death of the insured during a specified term. *PURE *ONLY DEATH BENEFIT NO CASH VALUE WHOLE LIFE...

AN ANNUITY THAT IS PURCHASED WITH A LUMP SUM PREMIUM AND WHOSE BENEFITS BEGIN AFTER 12 MONTHS IS CALLED A - SINGLE PREMIUM DEFERRED ANNUITY A TECHNIQUE USED TO DETERMINE THE AMOUNT OF LIFE INSURANCE NEEDED BY FOCUSING ON THE PROJECTED EARNING POTENTIAL OF AN INSURED IS CALLED THE - HUMAN LIFE V...

Single premium deferred annuity - An annuity that is purchased with a slump sum premium and whose benefits begin after 12 month is called a Human Life Value Approach - A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured i...

A key person is typically all of the following, except: - -Not directly involved in sales, production, or service Key persons are employees whose contributions have a significant impact on the revenue and profitability of the company, especially in small businesses. They are typically: part of t...