Guaranteed minimum income - Study guides, Class notes & Summaries

214 FLORIDA INSURANCE LIFE AND VARIABLE ANNUITY ACTUAL EXAM UPDATED variable annuity - CORRECT ANSWER-there is no guarantee of the dollar amount of the payments, they fluctuate according to the value of an account vest primarly in common stocks join and survivor annuity - CORRECT ANSWER-covers two or more lives and contiunes in force so long as any one of them survives period certain annuity - CORRECT ANSWER-annuity imcome option that guarantees a definite minimum peroid of paymen...

Michigan Variable Annuities ExamOther names for pure life settlement - correct answer -life income -life annuity What annuity settlement option produces the largest monthly income guaranteed for life? - correct answer pure life settlement option second life contingency option - correct answer life with period certain (ie. 10 years) so even if the annuitant does or does not die within that timeframe, insurer guarantees to continue the annuity payments to a named beneficiary for the bala...

MAC3702 Assignment 1 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references ............ Question 1 Complete Mark 1.00 out of 1.00 Papraika Limited (also known as “Papraika Stores”) is the largest non-food retailer in South Africa and is listed on theJohannesburg Stock Exchange (JSE). The company is the leading retailer of clothing, home appliances, stationery,cosmetics, accessories and ce...

FIN2601 Assignment 1 (DETAILED ANSWERS) Semester 1 2024 (695916) - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references ............ QUESTION 1 Which one of the following statements articulates the distinction between the capital market and the money market? * 1. 0 2. 0 3. 0 4. The capital market deals with long-term securities, while the money market deals with short-term instruments. The capital market involves borrowing ...

Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee ...

Michigan Variable Annuities Exam fully solved graded A+ 2023/2024 guaranteed a+ 1. What is a variable annuity? o A) A fixed income investment o B) An investment product that offers variable returns based on the performance of underlying assets o C) A guaranteed return product o D) A type of life insurance Answer: B) An investment product that offers variable returns based on the performance of underlying assets Rationale: Variable annuities allow policyholders to invest in various ...

Segregated Funds & Annuities Mock Exam Latest Update Graded A+ Group Registered Retirement Savings Plan (GRRSP) GRRSPs offer investors a limited variety of investment choices, but they have lower fees compared with individual RRSPs. Cancellation of Segregated Fund Contract An investor may cancel or rescind the segregated fund contract in writing within the specific time limitation set by the insurer providing the contract. Two days is the usual length of time permitted. The investor receives th...

Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. This rider is called a(n) Answers>>Guaranteed insurability rider A guaranteed insurability rider allows for the insured to purchase additional insurance at specific dates or events without evidence of insurability. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered Answers&...

Well-structured PLS2601 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!).. 1. Understanding Critical Reasoning: Answer True or False: 1.1 The outcome of this module is to enable students to identify, construct and evaluate arguments. (2) 1.2 Critical Reasoning promotes dogmatic reasoning. (2) 1.3 The term ‘Critical Reasoning’ can be used interchangeably with the terms ‘critical thinking’ and ‘clear thinking.’ (2) 1.4 Cr...

An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? Family term insurance rider Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered...