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Arkansas State life insurance exam With Questions And 100% SURE ANSWERS
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JACKLINEArkansas State life insurance exam With Questions And 100% SURE ANSWERS
Terms in this set (78)
Rob has a benefit at work which enables him to Income deferral option
defer his current receipt of income and have it
paid at a later date, when he will probably be in
a lower tax bracket. Which benefit fits this
description?
Who were Keogh plans designed to provide the self-employed
pension benefits for?
What correctly describes a certificate of Permits an insurance company to transact business in Arkansas
authority?
An example of replacement is canceling a term life policy to buy a whole life policy
Loans obtained by a policyowner against the would not be treated as taxable income
cash value of a life insurance policy
If an insured dies during the grace period with the policy would be payable, minus the premium amount
no premiums paid Arkansas State life insurance exam
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, 10/18/24, 5:52 AM
Pre-death distributions from a modified the MEC tends to be an investment vehicle
endowment contract (MEC) receive different tax
treatment than other life insurance policies
because
When does an immediate annuity begin making After the first premium has been paid
payments?
When a producer is replacing an existing obtain the beneficiary's signature
ordinary life insurance policy, the producer must
take all of the following actions EXCEPT
Julie has a $100,000 30-year mortgage on her decreasing term insurance
new home. What type of life insurance could she
purchase that is designed to pay off the loan
balance if she dies within the 30-year period?
What is a corridor in relation to a Universal Life The gap between the total death benefit and the policy's cash value
insurance policy?
The automatic premium loan provision past due premiums that have not been paid by the end of the grace period
authorizes an insurer to withdraw from a policy's
cash value the amount of
Which statement concerning Traditional IRAs is earnings are taxable when withdrawn
correct
Which dividend option would an insurer invest accumulation at interest option
the policyowner's money and add any interest
earnings as the dividends accrue?
Which of these is a method of determining the Human life value
level of funds required for ongoing support in
the event of the breadwinner's death?
What is the primary purpose of a rating service Determine financial strength of an insurance company
company such as A.M. Best?
Which of the following is not a federal Employee must be able to make unlimited contributions
requirement of a qualified plan?
Arkansas State life insurance exam
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