Group policys - Samenvattingen, Aantekeningen en Examens

Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee ...

Under a traditional IRA, interest is taxed: Only if withdrawn prior to age 59 1/2 According to the capital gains rate Upon distribution During the accumulation phase - ANSWER-Upon distribution Which of these statements concerning Traditional IRAs is CORRECT? Earnings are not taxable when withdrawn Earnings are taxable when withdrawn Contribution are never tax deductible Contributions are always made by the employer - ANSWER-Earnings are taxable when withdrawn Wh...

Final Exa2 Question and answers already passed 2024 Final Exam- Iowa Life Only k is an insured under a life insurance policy owned by a third party. Which of these statements is true? - correct answer K has no ownership rights P is blinded in an industrial accident. Which provision of his life insurance policy will pay a stated benefit amount? - correct answer Accidental Death and Dismemberment clause S, while in the process of converting her group life insurance to an individual po...

Types of Licenses - ANSWER--Producers -Business entity producers -Nonresident producers -Temporary -Special Brokers -Advisers -Public insurance adjusters -Reinsurance Adjusters -Life settlement broker portable electronics insurance limited lines insurance Producers - ANSWER-is a general term applied to anyone who engages in the sale of insurance products. Producers must be licensed by the state in which they wish to sell insurance. Business entity producer - ANSWER-A requirement f...

sam spends 182 days in the hospital. at what point in her hospital stay will medicare part A no longer pay any benefits unless she draws from her lifetime savings reserve? 12 months after the enrollment date after 90 days max benefit period under part A is 90 days 10 days Nolan pays less for coverage than Ned the risk for a group is spread out, thus making group health insurance less expensive than individual health insurance 1 of 115 which of the following riders waives the cost of in...

Life- Iowa portion 2nd section all answers correct Which of the following is NOT true about a referral fee? ️it can be paid as an incentive to purchase insurance The final decision to replace an existing insurance policy is the responsibility of the ️policyowner Which of the following actions can a licensed life insurance producer perform during the sale of an insurance policy? ️Recommend that the prospect purchase an annuity that is suitable given the prospects financial situa...

Life and Health Insurance Exam questions and answers 100% guaranteed success. Which dividend option would an insurer invest the policyowner's money and add any interest earnings as the dividends accrue? - correct answers.Accumulation at interest option Which of these is not a true statement regarding HIC's - correct answers.Benefits are provided on a reimbursement basis Which of the following pertains to the analysis of an applicant's personal information and dete...

CT Life and Health State Exam Simulator with complete solutions 2024/2025 After a life insurance policy has been in force for more than _____ years the policy is considered incontestable. - Correct Answer 2 Years An accident and health insurance policy's premium requirements are set forth in which of the following provisions? - Correct Answer Consideration Clause Which of these would NOT be a valid reason to add the waiver of premium rider to a life insurance policy? - Correct Answer...

Whole Life Insurance - answers-A permanent insurance policy which is guaranteed to remain in force for the insured's entire lifetime - Provided that the required premiums are paid, or to the policy maturity date. Whole Life Insurance can also be described as: - answers-Permanent, endowment, or ordinary Whole Life is designed to - answers-Remain in force for the whole life of the insured and the premiums will never increase. Limited pay whole life - answers-Policy allows for a lifetime ...

Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee if the i...