Unit 31 finra - Study guides, Class notes & Summaries

A registered rep purchases two tickets to a college football game with the intention of taking a client to the game. The tickets are worth $75 each, but because rep is a former football player and part of the college's alumni association, he gets them for free. The day before the game, the rep is called out of town on a family emergency and cannot attend the game. Which of the following is true? - ANSWER-The rep cannot give both tickets to the client because the combined face value is more than...

Traditional Whole Life - Answer- -Ordinary (Straight) Life -Limited-Pay & Single-Premium Whole Life -Adjustable Whole Life Ordinary (Straight) Life - Answer- -Until 100 or Death, whichever comes first -Permanent Protection -Rates & benefits based on law of large numbers (Mortality Rate) -Guaranteed, tax-deferred interest rate -Premium level, company's risk goes down as cash value goes up -Insurer keeps the cash value if death to offset risk -Lowest net cost in long run -Client has...

Unit 3.1 FINRA.

California Life Insurance Exam 216 Questions with Answers Latest Renewable Term - CORRECT ANSWER Lynn owns a life policy that guarantees the right to renew the policy each year at an increased premium. 10 % - CORRECT ANSWER In a modified endowment contract the penalty tax imposed on premature withdrawals is 10% - CORRECT ANSWER Mark, age 45, has a Modified Endowment Contract (MEC). What is the tax penalty for taking a loan against this policy prior to age 59 1/2? 5% 10% 15% 25% S...

[WILEY FINRA SERIES] SECURITIES INSTITUTE OF AMERICA - Wiley Series 63 Exam Review 2016 + TEST BANK The Uniform Securities Contents ABOUT THE SERIES 63 EXAM ix ABOUT THIS BOOK xiii ABOUT THE TEST BANK xv ABOUT THE SECURITIES INSTITUTE OF AMERICA xvii CHAPTER 1 FEDERAL LAW REVIEW 1 The Securities Act of 1933 1 The Prospectus 2 The Final Prospectus 2 Misrepresentations 3 The Securities Exchange Act of 1934 3 Net Capital Requirement 7 Customer Coverage 7 Fidelity Bond 8 The Insider ...

What is the purpose of the buyer's guide? - ANSWER To allow the consumer to compare the costs of different policies Traditional Whole Life - ANSWER -Ordinary (Straight) Life -Limited-Pay & Single-Premium Whole Life -Adjustable Whole Life Ordinary (Straight) Life - ANSWER -Until 100 or Death, whichever comes first -Permanent Protection -Rates & benefits based on law of large numbers (Mortality Rate) -Guaranteed, tax-deferred interest rate -Premium level, company's risk goes down a...

Exam (elaborations) [WILEY FINRA SERIES] SECURITIES INSTITUTE OF AMERICA - Wiley Series 63 Exam Review 2016 + TEST BANK The Uniform Securities WILEY SERIES 63 EXAM REVIEW 2016 The Uniform Securities State Law Examination The Securities Institute of America, Inc. Cover Design: Wiley Cover Image: © iS / LuisB Copyright © 2016 by The Securities Institute of America, Inc. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Previous editions published by The Secu...