Annuities ce Study guides, Class notes & Summaries

Accident, Life, and Health Insurance questions and answers 2022 Premiums paid by self-employed sole proprietors or partners for medical expense insurance are - answera) Not tax deductible b) Partially tax deductible c) Totally tax deductible d) Taxable c) Totally tax deductible - answerc) What is the purpose of a conditional receipt - answera) It is given by the agent only to applicants who fully prepay all scheduled premiums in advance of policy issue b) It is intended to provide cove...

Canadian Pension Plan Benefits - CPP Income Formula = 8.4% annual tax x number of years x CPP at age 65 RRSP Contributions - RRSP Contribution Room Formula = Income x 18% Market-Linked GIC - A market-linked GIC has an interest rate that is tied to the performance of the stock market, providing the potential for a higher interest rate in the case of positive market returns. While the returns can be capped, there is potential for more interest than other GIC products. Cashable GIC - Cashabl...

Requires the insured to pay premiums for life and endows at 100. A Whole Life Policy: Total permanent disability To waive an insured's premium, most companies require an individual's disability to be: 24 A producer licensed for property and casualty must complete at least __________ hours of CE every 2 years Single Pay / Premium Which Whole Life would require you to put the least amount of premium into a plan over the total life of the plan? Insurable interest ...

Florida Life Insurance: Study Guide for the Licensing Exam IMPORTANT NUMBER FOR LIFE INSURANCE: Free look period for life insurance policies. - 14 days Grace period, from second notice, to which a life policy-owner at least 64 years of age is entitled. Free look period for Annuities and Variable Annuities. - 21 days Grace period for industrial life insurance. - 28 days Grace period for life insurance. Notice agent must give Department after felony conviction. Notice insurer must give D...

The Commissioner of Insurance is appointed by the Governor for a term of - ANSWER-4 years All of the following are examples of insurance transactions except: A. soliciting applications for insurance B. delivering policies C. licensing of producers D. collecting premiums - ANSWER-Correct answer: C - licensing of producers A temporary license issued to close the affairs of a deceased producer may be issued for up to _____ days at the discretion of the Commissioner - ANSWER-180 days C...

Accident, Life, and Health Insurance questions and answers 2024 Update Accident, Life, and Health Insurance questions and answers 2024 Update Premiums paid by self-employed sole proprietors or partners for medical expense insurance are - answera) Not tax deductible b) Partially tax deductible c) Totally tax deductible What is the purpose of a conditional receipt - answera) It is given by the agent only to applicants who fully prepay all scheduled premiums in advance of policy issu...

VA State Life, Annuities, and Health exam, 2nd part only, Questions with accurate answers. Graded A Document Content and Description Below VA State Life, Annuities, and Health exam, 2nd part only, Questions with accurate answers. Graded A The Commission may examine every insurer authorized to transact business in Virginia as often as deemed necessary, but at least once every... - ... 5 years. Notice of a hearing for a cease and desist order must include the time and place of the hearing and gi...

AML Exam (CE) Question and answer 20231. The information an insurance agent must collect for customer identification purposes depends on a. the amount of money the customer is worth. b. The amount of money the customer spends. c. whether the insurance product the customer is purchasing at a low or high risk for money laundering. d. the size and resources of the insurance company. c. Whether the insurance product under consideration is at a low or high risk for money laundering 2. Whe...

appointed by governor confirmed by senate - how does commissioner get his job 3/1 - insurance cmopanies file financial statement by when no - does commissioner make laws no less than every 5 years - how often look at financial strength of carrier first class mail - how will cease and desist come 15 days - how long to surrender license if asked 30 days - if producer is subject of criminal prosecution in any jurisditcion, producer must report to eh commission...

Accident, Life, and Health Insurance questions and answers 2024 Update Accident, Life, and Health Insurance questions and answers 2024 Update Accident, Life, and Health Insurance questions and answers 2024 Update Premiums paid by self-employed sole proprietors or partners for medical expense insurance are - answera) Not tax deductible b) Partially tax deductible c) Totally tax deductible What is the purpose of a conditional receipt - answera) It is given by the agent only to applicants who full...