Life insurance stuvia - Study guides, Class notes & Summaries

PSI: LIFE, ACCIDENT, AND HEALTH PRACTICE EXAM QUESTIONS AND ANSWERS 100% PASS Dividends that are received by a life insurance policy holder can be taxed in what situation(s): I - When the dividend amount received exceeds the amount that the policy holder paid in premiums - ANSWER-The amount received that is over and above the amount paid into the policy via premiums is considered to be gain and is therefore taxable. There are no dividends paid on term life insurance policies. Under the m...

Arkansas Life and Health Insurance Complete Questions & Answers 100% Correct Arkansas Life and Health Insurance Complete Questions & Answers 100% Correct Arkansas Life and Health Insurance Complete Questions & Answers 100% Correct Absolute Assignment - ANSWER assignment by the policyholder of all the policy control and rights to a third party Accident and Sickness - ANSWER insurance against bodily injury, death or disability by accident or against disability or expense resulting ...

Final Exam - California Life and Health Practice Questions and Answers Employer-provided group term life insurance is exempt from income taxation up to - ANSWER- $50,000 Medicare Part B has an initial enrollment period. How many months after an individual's 65th birthday month does this enrollment period end? - ANSWER-3 months Which statement is true regarding policy dividends? - ANSWER-A dividend option is selected by the insured at the time of policy purchase What does the insurance...

Arkansas Life Insurance Exam 2024 Questions and Answers 100% CorrectArkansas Life Insurance Exam 2024 Questions and Answers 100% CorrectArkansas Life Insurance Exam 2024 Questions and Answers 100% CorrectArkansas Life Insurance Exam 2024 Questions and Answers 100% Correct A life insurance premium is paid each month. The insurer then subtracts a mortality and expense charge from the policy's cash value. This best describes which of the following life insurance policies? A. Whole Life B. Varia...

California Life and Health Final Exam Questions and Answers Study Guide Whole Life Policies - ANSWER-also called permanent insurance, builds cash value, policy endows at age 100 401(k) - ANSWER-a Cash or Deferred Arrangement (CODA) plan that is a modified profit-sharing or pension plan. 403(b) - ANSWER-a Cash or Deferred Arrangement (CODA) plan that is a modified profit-sharing or pension plan. Limit of Liability - ANSWER-The total amount the insurer will pay for an insured risk. -Flexi...

Regarding S1/G1 what are the typical actions initiated by the Soldier Personnel action requests Requests for leaves or passes Changes to record of emergency data or life insurance elections Changes to dependent information Allotments Saving bonds Direct deposit information What are the characteristic of a good Staff Officer is competent, exercises initiative, applies critical and creative thinking, is adaptable, is flexible, has self-confidence, is cooperative, is reflective...

Arkansas Life Insurance Training Questions & Answers 100% CorrectArkansas Life Insurance Training Questions & Answers 100% CorrectArkansas Life Insurance Training Questions & Answers 100% CorrectArkansas Life Insurance Training Questions & Answers 100% Correct Twisting - ANSWER Misrepresenting for the purpose of inducing or tending to induce the lapse, forfeiture, exchange, conversion, or surrender of any insurance policy. Unfair Discrimination - ANSWER Permitting individuals of the same c...

Mississippi Life and Health Final Exam| 150 Questions| Correct Answers| VerifiedMississippi Life and Health Final Exam| 150 Questions| Correct Answers| VerifiedMississippi Life and Health Final Exam| 150 Questions| Correct Answers| VerifiedMississippi Life and Health Final Exam| 150 Questions| Correct Answers| Verified What kind of life insurance product covers children under their parent's policy? Family Maintenance rider Term rider Family Income rider Payor benefit - ANSWER Term Ri...

RMIN 4000 Test 3 Brown Study Guide Solutions Principal of Indemnity - ANSWER-insurer pays no more than actual amount of the loss; insurer should not profit from the loss Replacement cost - ANSWER-the cost to replace an inventory item in its identical form (similar workmanship and quality) Actual Cash Value - ANSWER-replacement cost - depreciation in property ins, usually based on the actual cash value of the property at the time of loss Market Value - ANSWER-the price at which property w...

Accident and Health Insurance Agent/Broker Practice Exam Questions and Answers 100% Pass Sally is considering her Medicare options. She understands that to enroll in Medicare Part B, she will have to pay a monthly premium. Since she is healthy, she is considering delaying her enrollment until later. Will she be able to enroll at a later date? 1.Yes, she can enroll at anytime in the future 2.Yes, however; she would have a permanent premium penalty when she does enroll 3.No, this is a take...