Pearson Vue Comprehensive Exam Part 2 With Solutions 100% Solved
1 view 0 purchase
Course
PearsonVue Life Insurance
Institution
PearsonVue Life Insurance
Pearson Vue Comprehensive Exam Part 2
With Solutions 100% Solved
c. The Interest credited to the policy is based off of the performance of a stock market index life
the S&P 500 Which of the following statements about Equity Indexed Life insurance is
TRUE?
a. The policyowner can decide which ...
Pearson Vue Comprehensive Exam Part 2
With Solutions 100% Solved
c. The Interest credited to the policy is based off of the performance of a stock market index life
the S&P 500 Which of the following statements about Equity Indexed Life insurance is
TRUE?
a. The policyowner can decide which separate accounts to invest the policy's cash values into
b. The insured/owner bears all risk regarding cash surrender value, as negative stock market
performance can cause the cash values to decrease
c. The interest credited to the policy is based off of the performance of a stock market index like
the S&P 500
d. To sell Equity Indexed Life, a producer only needs a securities license
a. Single Premium Immediate Annuity Susan, age 65, inherits a substantial sum of money
and wants to have the money distributed to her over the rest of her life starting next month.
Which product offered by the life insurance industry will allow her to accomplish her objective?
a. Single Premium Immediate Annuity
b. Single Premium Deferred Annuity
c. Flexible Premium Deferred Annuity
d. Flexible Premium Immediate Annuity
, Pearson Vue Comprehensive Exam Part 2
With Solutions 100% Solved
a. Life Only All of the following annuity income benefits payouts options will affect the
amount or duration of payout, except for:
a. Life Only
b. Interest Only
c. Fixed Amount
d. Fixed Period
d. Insurers ____________ manufacture and sell insurance coverage in the form of policies
or contracts of insurance.
a. Insureds
b. Producers
c. Agencies
d. Insurers
d. Life Income James is nearing retirement and has accumulated $175,000 in an annuity.
He wants the largest possible monthly benefit for as long as he lives. Which option should he
choose?
a. Fixed Amount
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 UpperClass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
