BUNDLE OF Alabama Life Insurance Exams | Questions with 100% Solutions/Verified Answers

All of these are correct concerning group life insurance except: - ANSWER Whole life insurance is the form of insurance typically used in group life insurance - All of these statements concerning Key Employee Life policy is true except: - ANSWER key employee names the beneficiary An accidental d...

an individual otherwise qualified except for having taken and passed the examination can be issued a temporary insurance producer license, which is valid for a maximum period of - ANSWER six months a term policy in which the protection remains constant for the term of the policy is - ANSWER leve...

With a continuous-pay Whole life policy: - ANSWER The premium is required to be paid for the insureds entire life with policy endowment at age 100. With a Variable life policy: - ANSWER Death benefits will vary according to the performance of the separate account; however, death benefits will not...

If an annuitant with drawls funds from their annuity prior to age 59 1/2 what is the tax consequence? - ANSWER Tax and 10% penalty tax on the withdrawal that represents earnings What qualifying event could initiate the accelerated benefits provision or rider of a life policy? - ANSWER A condition...