CA LIFE INSURANCE EXAM WITH VERIFIED ANSWERS CA LIFE INSURANCE FINAL EXAM TEST 2023/2024 CALIFORNIA CA LIFE INSURANCE STATE EXAM SIMULATOR (QUESTIONS AND ANSWERS)2023/2024 CA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS LATEST FINAL EXAM CALIFORNIA CA LIFE, ACCIDENT, AND HEALTH INSURANCE (100% SCORES)...
[Show more]
What is meant by referring to an insurance policy as a unilateral contract? - ANSWER - Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - ANSWER - At all times. Any situation tha...
Preview 2 out of 12 pages
Add to cartWhat is meant by referring to an insurance policy as a unilateral contract? - ANSWER - Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - ANSWER - At all times. Any situation tha...
AN ANNUITY THAT IS PURCHASED WITH A LUMP SUM PREMIUM AND WHOSE BENEFITS BEGIN AFTER 12 MONTHS IS CALLED A - ANSWER - 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 - ANS...
Preview 2 out of 6 pages
Add to cartAN ANNUITY THAT IS PURCHASED WITH A LUMP SUM PREMIUM AND WHOSE BENEFITS BEGIN AFTER 12 MONTHS IS CALLED A - ANSWER - 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 - ANS...
A key person is typically all of the following, except: - ANSWER - -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:...
Preview 2 out of 15 pages
Add to cartA key person is typically all of the following, except: - ANSWER - -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:...
Employer-provided group term life insurance is exempt from income taxation up to - ANSWER - $50,000 Medicare Part B has an initial enrollment period. How many months after an individual's 65th birthday month does this enrollment period end? - ANSWER - 3 months Which statement is true rega...
Preview 2 out of 11 pages
Add to cartEmployer-provided group term life insurance is exempt from income taxation up to - ANSWER - $50,000 Medicare Part B has an initial enrollment period. How many months after an individual's 65th birthday month does this enrollment period end? - ANSWER - 3 months Which statement is true rega...
What is insurance? - ANSWER - Insurance is the legal contract where two parties agree that if something will happen, a value will be exchanged. What's the difference between pure risk and speculative risk? - ANSWER - Pure risk is when you'll lose it all or there will be no change. Speculati...
Preview 2 out of 6 pages
Add to cartWhat is insurance? - ANSWER - Insurance is the legal contract where two parties agree that if something will happen, a value will be exchanged. What's the difference between pure risk and speculative risk? - ANSWER - Pure risk is when you'll lose it all or there will be no change. Speculati...
What distinguishes a deferred annuity from an immediate annuity? - CORRECT ANSWER - The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make...
Preview 2 out of 12 pages
Add to cartWhat distinguishes a deferred annuity from an immediate annuity? - CORRECT ANSWER - The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller Wisdoms. Stuvia facilitates payment to the seller.
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
