Cash nonforfeiture option - Study guides, Class notes & Summaries
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PSI Life Exam Questions and Answers 2022/2023
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What kind of retirement plan can a 75-employee for profit corporation establish? - ANSWER-Simple IRA 
 
The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - ANSWER-Exclusion ratio 
 
Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT - ANSWER-failure to pay all claims that are reported within 90 days after a loss occurs 
 
The settlement option that allows p...
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Texas Life and Health Insurance Exam (question and answers) 2022/2023
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At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - ANSWER Upon completion of the application 
 
Who elects the governing body of a mutual insurance company? - ANSWER policyholders 
 
An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - ANSWER Fair Credit Reporting Act 
 
What type of reinsurance contract involves two companies automatically sharing their ri...
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primerica exam review Questions and Answers 2023
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primerica exam review Questions and Answers 2023 
If an insurer meets the state's financial requirements and is approved to transact business in the state, it is considered to be 
Authorized 
 
 
 
A participating insurance policy may do which of the following? 
Pay dividends to the policy owner 
 
 
 
An insured owns a life insurance policy. To be able to pay some of her medical bills, she withdraws a portion of the policy's cash value. There is a limit for a withdrawal and the insurer charge...
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Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A
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Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A 
 
 
An insurer decides to renew a policy but at a higher premium rate, starting on the renewal date. How many days in advance must the insured be notified? 
 
a) 30 
b) 60 
c) 90 
d) 100 - -b 
 
How is the Commissioner of Insurance placed in office? 
 
a)By NAIC nomination 
b)Through a bid process 
c)An election at the same time that other state officials are selected 
d)An appointment by the Governor - -d 
 
An ins...
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NJ ACCIDENT AND HEALTH PRODUCER EXAM 2024/2025
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NJ ACCIDENT AND HEALTH PRODUCER EXAM 2024/2025 
 
 
Life income joint and survivor settlement option guarantees... - Precise Answer Income for 2 or more recipents 
 
A participating insurance policy may do which of the following:... - Precise Answer Pay dividends to the policy owner 
 
What is TRUE about the cash surrender nonforfeiture option? - Precise Answer Funds exceeding the premiums paid are taxable as ordinary income 
 
Participating Insurance policy will... - Precise Answer pay dividend...
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Texas Life Insurance Exam Questions and Answers with complete solutions
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Insurance 
(General concept) - ANSWER - transfers the risk of loss from an individual to an insurer 
- based on the principle of indemnity 
- based on the principle of risk (risk pooling) 
 
insurable interest 
(General Concept) - ANSWER - must exist at the time of the application 
- insuring one's own life, family member, or a business partner 
 
Solicitation and sales presentation - ANSWER - illustration- presentation of nonguaranteed elements 
- buyer's guide is generic information abo...
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Xcel Life Policies Exam
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Xcel Life Policies Exam 
 
Which type of multiple protection policy pays on the death of the last person? 
 
A. Joint Life Policy 
B. Dual Life Policy 
C. Multiple Life Policy 
D. Survivorship Life Policy - D. Survivorship Life Policy 
 
A policy owner may change two policy features on what type of life insurance? 
 
A. Adjustable Life 
B. Modified Whole Life 
C. Decreasing Term Life 
D. Whole Life - A. Adjustable Life 
 
Adjustable Life allows the policyowner to change two policy features: prem...
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Primerica - Exam test Questions With 100% Correct Answers 2023
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Primerica - Exam test Questions With 
100% Correct Answers 2023 
An insurer has made all of the decisions regarding the provisions included in the 
insured's policy. The insured finds an objectionable provision and wants to negotiate it 
with the insurer but is not allowed to do so. Her only options are to reject the policy or 
accept it as is. Which contract feature does this describe? 
a) Unilateral 
b) Conditional 
c) Personal 
d) Adhesion - Correct answer-Adhesion 
An insurance policy that ...
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NJ Health and Accident Questions and Answers 100% Pass Guarantee 2024
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Life income joint and survivor settlement option guarantees... 
Income for 2 or more recipents 
A participating insurance policy may do which of the following:... 
Pay dividends to the policy owner 
What is TRUE about the cash surrender nonforfeiture option? 
Funds exceeding the premiums paid are taxable as ordinary income 
Participating Insurance policy will...
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MICHIGAN LIFE AND HEALTH FINAL EXAM
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defamation - Answer-Making a statement that is false or maliciously critical of the financial condition of an insurer is known as 
 
Business overhead expense policy - Answer-Which type of business insurance is meant to cover the costs of continuing to do business while the owner is disabled? 
 
the protection ends - Answer-Dorian exercised a nonforfeiture option by using his life policy's cash value to purchase an extended term insurance option. When the term insurance expires, 
 
must have an...
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