Annuities can liquidate - Study guides, Class notes & Summaries

Net Single Premium correct answersPremium that a person must pay in a lump sum to receive all the benefits promised in the policy if no insurer expenses were considered Insurers will also consider which of the following in evaluating risk. correct answersNumerical rating system to evaluate the risk posed by proposed insureds Key difference between variable life and variable universal life insurance correct answersVariable life insurance require a fixed premium payable for the life of the p...

Net Single Premium - Answer- Premium that a person must pay in a lump sum to receive all the benefits promised in the policy if no insurer expenses were considered Insurers will also consider which of the following in evaluating risk. - Answer- Numerical rating system to evaluate the risk posed by proposed insureds Key difference between variable life and variable universal life insurance - Answer- Variable life insurance require a fixed premium payable for the life of the policy while var...

PRIMERICA LIFE INSURANCE EXAM. All Most Examined Questions Bank with answers. 100% verified. Rated A. An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - A. mutual funds not paid out after paying claims ...

Primerica Exam Prep Questions with Answers Latest Updated 2024 Graded A+. 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 - Answer Adhesion An insurance policy that...

Xcel Final Exam Questions and Answers With complete Solutions Latest 2024 (Graded A+) The focus of major medical insurance is providing coverage for Ans medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? Ans $200 because this policy has a zero deductible, the insures is only responsible for the 20% coinsurance on this claim, or ...

Net Single Premium correct answers Premium that a person must pay in a lump sum to receive all the benefits promised in the policy if no insurer expenses were considered Insurers will also consider which of the following in evaluating risk. correct answers Numerical rating system to evaluate the risk posed by proposed insureds Key difference between variable life and variable universal life insurance correct answers Variable life insurance require a fixed premium payable for the life of th...

PRIMERICA LIFE INSURANCE EXAM WITH 100% CORRECT ANSWERS 2023 An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - Correct answer-A. mutual funds not paid out after paying claims and other operating costs are returned to ...

XCEL Solutions Life and Health License Exam (CA) Complete Solutions A saving vehicle designed to first accumulate funds and then systematically liquidate the funds ️ Deferred annuity. An annuity backed by a life insurer's separate account ️ Variable Annuity. Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? ️ 60 payments. An...

Primerica - Exam test Questions with correct solutions. 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 answers.Adhesion An insurance ...

Net Single Premium - ANSWER-Premium that a person must pay in a lump sum to receive all the benefits promised in the policy if no insurer expenses were considered Insurers will also consider which of the following in evaluating risk. - ANSWER-Numerical rating system to evaluate the risk posed by proposed insureds Key difference between variable life and variable universal life insurance - ANSWER-Variable life insurance require a fixed premium payable for the life of the policy while variab...