Variable annuities - Study guides, Class notes & Summaries

Annuity – WebCE Exam Questions with Verified Answers | 100% Correct | Verified & Updated 2024 Annuitization is - Answer ️️ -Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - Answer ️️ -A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? - Answer ️️ -...

Michigan Variable Annuities Exam with complete solutions

Insurance - Correct Answer Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Life Insurance - Correct Answer Is based on actuarial or mathematical principles and guarantees a specified sum of money upon the death of the person who is insured. Health Insurance - Correct Answer Evolved from scientific principles to provide funds for medical expensed due...

VA State Life Insurance and Annuities Questions and Answers Already Passed Which of these arrangements allows one to bypass insurable interest laws? investor originated life insurance Which of these is an element of a Variable Life policy? a fixed, level premium What does the insuring agreement in a Life insurance contract establish? an insurer's basic promise A person who issues false written or oral statements that are maliciously critical of the financial condition of an insu...

WEBCE Law and Ethics Update: Life, Health and Variable Annuities (215) ExamDelta Insurers appointed Joe as its agent. Can Joe let his brother, Agent Shawn, use his appointment to transact insurance? - correct answer No, Joe cannot let Shawn transact insurance by using his appointment. James is a licensed agent who lives in Florida. He moves to Georgia. By when must he notify the Department of Financial Services of his move? - correct answer within 30 days What are the responsibilities of ...

A savings vehicle designed to first accumulate funds and then systematically liquidates the funds is called a(n) - Deferred 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 What distinguishes a deferred annuity from an immediate annuity? - The time at which benefit payments start The systematic liquidation of a sum of money...

MI Variable Life and Annuities Producer Exam Questions And Answers 100% Pass. A variable annuity has a payout that is - answerContingent upon the profitability of the investment portfolio Which of the following would be considered the largest cost incurred on the value of a variable annuity? a) the cost of insurance b) Mortality fee c) Investment management fee d) Administrative expenses - answerc) Investment management fee The two main categories of policy loan interest rates are - an...

Delta Insurers appointed Joe as its agent. Can Joe let his brother, Agent Shawn, use his appointment to transact insurance? Correct Answer No, Joe cannot let Shawn transact insurance by using his appointment. James is a licensed agent who lives in Florida. He moves to Georgia. By when must he notify the Department of Financial Services of his move? Correct Answer within 30 days What are the responsibilities of the Office of Insurance Regulation and the Department of Financial Services? Cor...

Florida Insurance 2-15 Exam Terms (2-15 Life, Health, and Variable Annuities)

Delta Insurers appointed Joe as its agent. Can Joe let his brother, Agent Shawn, use his appointment to transact insurance? correct answersNo, Joe cannot let Shawn transact insurance by using his appointment. James is a licensed agent who lives in Florida. He moves to Georgia. By when must he notify the Department of Financial Services of his move? correct answerswithin 30 days What are the responsibilities of the Office of Insurance Regulation and the Department of Financial Services? cor...