100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Life Insurance Certificate Exam Practice Questions and Answers | 100% Pass £8.15   Add to cart
Quickly navigate to
Preview
  2.  
  3. Life Insurance
  4.  
  5. Life insurance

Exam (elaborations)

Life Insurance Certificate Exam Practice Questions and Answers | 100% Pass
 9 views  0 purchase
  • Module
  • Life insurance
  • Institution
  • Life Insurance

Life Insurance Certificate Exam Practice Questions and Answers | 100% Pass How to determine the accumulation value of a deferred annuity? - Answer️️ - Premiums paid + interest earned - expenses and withdrawals Which of the following entities does NOT establish regulations for variable insur...

[Show more]

Preview 3 out of 17  pages

Document information

  • September 1, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • life insurance certificate exam practice questions

Written for

  • Life insurance
  • Life insurance

Seller

avatar-seller
SophiaBennett

Reviews received

Content preview

©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

,Life Insurance Certificate Exam Practice
Questions and Answers | 100% Pass


How to determine the accumulation value of a deferred annuity? - Answer✔️✔️-

Premiums paid + interest earned - expenses and withdrawals

Which of the following entities does NOT establish regulations for variable insurance

products? - Answer✔️✔️-State attorney general

Annuity contract may be returned for a full refund during what period? - Answer✔️✔️-Free

look period

In order for a health plan to be an accountable health plan who has to approve it? -

Answer✔️✔️-The director

If dividend option choices are offered on a whole life insurance policy the policy must be

what? - Answer✔️✔️-It must contain a statement that dividends are not guaranteed

A source of supplemental income for a life insurance policy owner can be derived from

what? - Answer✔️✔️-The cash value

A health insurance policy issued on a conditionally on a renewable basis gives the

insurance company the right to refuse renewal of the policy for what reason? -

Answer✔️✔️-Specific reasons stated on the contract

Medicare can be described as? - Answer✔️✔️-A federal health insurance program for

individuals over the age of 65 or permanently disabled



Page 1 of 16

, Which parties are directly involved in a group accident and health insurance contract? -

Answer✔️✔️-The employer and the insurer

The producer replaces the client's existing life insurance policy with a new one which

action is advisable? - Answer✔️✔️-Wait until the new policy is issued and delivered

before surrendering existing policy

What is payable to the policy owner if a whole life policy is surrendered prior to its

maturity date? - Answer✔️✔️-The cash value

A policy that covers the business expense of finding a permeant or temporary employee

to replace a disabled one is what type of disability coverage? - Answer✔️✔️-Key

employee coverage

A statement must be signed by who for any illustrations used in a sale of a life

insurance policy? - Answer✔️✔️-The producer

A guarantee of insurability option provides a long term care policy owner the ability to do

what? - Answer✔️✔️-To buy additional coverage at a later date

How a monthly life annuity benefit payments treated under a tax sheltered annuity? -

Answer✔️✔️-Taxed as ordinary income in the year received

How many hours of initial long term care training must a producer complete before

soliciting long term care products? - Answer✔️✔️-8 hours

A lost of minimum essential coverage usually counts as a qualifying event that triggers

what? - Answer✔️✔️-A special enrollment period




Page 2 of 16

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

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!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

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.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £8.15. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£8.15
  • (0)
  Add to cart