Deffered income - Study guides, Revision notes & Summaries

Segregated funds and Annuities Exam Stocks -Correct Answer-Also known as shares/equities. Indicators of rise and decline are seen in: Macro economics Microeconomics Investor feeling —market risk— CIPF protected Investment Dealers -Correct Answer-Sells stocks, also provides advice for client Discount broker -Correct Answer-Sells stocks, doesn't not provide advice for client Disadvantages of stocks -Correct Answer-Higher risks, commissions on each trade, not insurance product. Adv...

Twisting - correct answer A form of misrepresentation in which an agent persuades an insured/owner to cancel, lapse, or switch policies, even when it's to the insured's disadvantage. An insured pays $1,200 annually for her life insurance premium. The insured applies this year's $300 worth of accumulated dividends to the next year's' premium, thus reducing it to $900. What option does this describe? - correct answer REDUCTION OF PREMIUM Death due to plane crash for a fare-paying passen...

LIFE INSURANCE ONLY CALIFORNIA (2024/2025) ALREADY PASSED LIFE INSURANCE - Answer ️️ -Insurance that pays out a sum of money either on the death of the insured person or after a set period. TERM LIFE INSURANCE - Answer ️️ -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 INSURANCE - Answer ️️ -Life insurance that pays a benefit on the death of the insured and also accumulat...

Segregated funds and Annuities Exam Stocks -Correct Answer-Also known as shares/equities. Indicators of rise and decline are seen in: Macro economics Microeconomics Investor feeling —market risk— CIPF protected Investment Dealers -Correct Answer-Sells stocks, also provides advice for client Discount broker -Correct Answer-Sells stocks, doesn't not provide advice for client Disadvantages of stocks -Correct Answer-Higher risks, commissions on each trade, not insurance product. Adv...

What does the term "Triple Net" mean when referring to commercial leases refers to commercial tenant paying ALL Operating Expenses including real estate taxes, insurance, roof maintenance, landscaping, etc. This is the most commonly found in industrial leases. Percentage Lease A lease, that requires tenant to pay rent based on a calculation that relates directly to the tenant's gross sales. Usually stipulates a base monthly rental plus a percentage of any gross sales above a certain amount...

LIFE INSURANCE ONLY CALIFORNIA (2024/2025) ALREADY PASSED LIFE INSURANCE - Answer ️️ -Insurance that pays out a sum of money either on the death of the insured person or after a set period. TERM LIFE INSURANCE - Answer ️️ -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 INSURANCE - Answer ️️ -Life insurance that pays a benefit on the death of the insured and also accumulat...

Life, Accident and Health Insurance Exam 2024 Questions Complete Solutions Qualified Plan - Answer - -approved by IRS for favorable tax treatment - tax deffered growth Qualified Plan Requirements - Answer - 1) Be in writing 2)provided for benefit of employee 3) must satisfy age and serive standards 4) cannot be discriminatory 5) contributions cannot exceed yearly maximus 6) must provide survivorship benefits 7) must meet miniumum vesting standards 8) cannot be top heavy Advantages of ...

In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights - Answer insuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? - Answer when the enrollee's life or health is jeapordized The Consideration clause in a life insurance contract contains what pertinent information? - Answer amount of premium payments and w...

In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights - ANSWERinsuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? - ANSWERwhen the enrollee's life or health is jeapordized The Consideration clause in a life insurance contract contains what pertinent information? - ANSWERamount of premium payments and wh...

B. Survivor protection, estate creation and conservation, cash accumulation and liquidity What are the personal uses of life insurance? A. Insured protection, estate creation and cash accumulation B. Survivor protection, estate creation and conservation, cash accumulation and liquidity C. Cash accumulation, estate depletion and liquidity D. Beneficiary protection, liquidity, estate creation, and cash accumulation D. Immediately after receiving written proof of loss Upon the submission...