Colorado Life Insurance Exam | Questions and Verified Answers | 100% Correct (2024 / 2025)
0 view 0 purchase
Course
Health Insurance
Institution
Health Insurance
Colorado Life Insurance Exam | Questions and Verified Answers | 100% Correct (2024 / 2025)
Question:
Becky is a 31 years old and knows she needs to start a retirement plan. She currently works in a bakery and is worried about how inflation would affect her retirement plan. Which annuity wou...
Colorado Life Insurance Exam |
Questions and Verified Answers |
100% Correct ()
Question:
Becky is a 31 years old and knows she needs to start a retirement plan. She
currently works in a bakery and is worried about how inflation would affect
her retirement plan. Which annuity would be a good fit for her needs?
Answer:
Flexible premium deferred annuity
Question:
An insurance application is not complete unless it has:
Answer:
The signature of the insured (unless not an adult), and the agent.
Question:
Unauthorized practice of insurance is a:
Answer:
Class 1 Misdemeanor
,Question:
What type of premiums payment can employers deduct as an ordinary
business expense?
Answer:
Group
Question:
Riders covering additional insureds can be added to life policies and cover all
but which of the following?
Answer:
Younger siblings of the policyholder
Question:
All money received by a licensee is received in what type of capacity?
Answer:
Fiduciary
Question:
Which of the following statements is not true about the tax liabilities for
individual life insurance policies?
Answer:
Policy loans are taxable as income.
, Question:
What kind of contract pays an income to an insured until the insured dies?
Answer:
Life annuity
Question:
What unfair trade practice manipulates through the prospect of something
desirable?
Answer:
Coercion
Question:
All life insurance policies have a free look period of how many days?
Answer:
15 days
Question:
When an insurance producer recommends a suitable annuity product to a
customer, on what should the producer base their recommendation?
Answer:
Consumer's insurance needs and financial objectives
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 quiz_bit. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
