Florida life insurance - Study guides, Class notes & Summaries

214 FLORIDA INSURANCE LIFE AND VARIABLE ANNUITY ACTUAL EXAM UPDATED variable annuity - CORRECT ANSWER-there is no guarantee of the dollar amount of the payments, they fluctuate according to the value of an account vest primarly in common stocks join and survivor annuity - CORRECT ANSWER-covers two or more lives and contiunes in force so long as any one of them survives period certain annuity - CORRECT ANSWER-annuity imcome option that guarantees a definite minimum peroid of paymen...

XCEL 2-15 FLORIDA LIFE & HEALTH STATE EXAM SIMULATOR 2024 WITH 197 CORRECTLY ANSWERED QUESTIONS is considered to be a characteristic of an immediate annuity: benefit payments start within one payment period of purchase of these characteristics is consistent with a straight life policy: pre- miums are payable for as long as there is insurance coverage in force insureds inability to perform two or more activities of daily living may trigger which type of life policy rider: long term care...

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Florida Life Insurance Exam Questions With Complete Solutions

Florida 2-15 Insurance Final Exam Test Bank (All Chapters complete 1-30, Questions and Answers, 100% Verified) Latest 2023/2024 1. A life insurance company is organized in Orlando where it maintains its home office. In Florida, the company is classified as a a. domestic company b. local company c. foreign company d. preferred company a 2. With regard to life insurance, all of the following statements are correct EXCEPT a. all individuals are considered to have insurable interests i...

Single Premium - Allows the person to pay entire lump sum, is covered for life, and has the highest cash value. Level term covers - Covers for a period of time with lowest premium pay Endowment at age 70 - P owns a $25,000 Life Policy that pays the face amount to him if he lives to age 70, or to his beneficiary if he dies before age 70. What kind of policy does P own? renewable - Level term may be Modify whole life - Premium stays fixed for 5yrs, premium increases yr 6, then levels out while...

TEST BANK Complete; Florida 2-15 Insurance License Exams| Florida 2-15 Health and Life License Exams All with Correct Answers / Guarantee Guide 2023/2024 Table of Contents FLORIDA 2-15 INSURANCE LICENSE EXAM LATEST REAL EXAM| Multiple Choices| Rationale 2 Florida 2-15 Insurance License Exam 54 Florida 2-15 Insurance License Exam| Multiple Choices| Rationale 68 Florida 2-15 Questions and Answers 105 Florida 2-15 Exam 111 FLORIDA 2-15 INSURANCE LICENSE EXAM| Multiple Choices| Rationale 1...

Xcel 2-15 Florida Life & Health State Exam Simulator Already Passed what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 3 MULTIPLE CHOICE OPTIONS which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 3 MULTIPLE CHOICE OPTIONS an insureds inability to perform two or more activities of daily living may trigger which type of life...

Florida Life and Health Insurance State Exam Review (2-15) Questions and Answers Under Florida Law, which of the following provisions is NOT required in a medicare supplement policy? - Ans: -limitation on pre-existing conditions for up to 12 months M's insurance company denied a reinstatement application for her lapsed health insurance policy. The company did not notify M of this denial. How many days from the reinstatement application date does the insurance company have to notify M of the...

FLORIDA 2-15 INSURANCE LICENSE EXAM ACTUAL UPDATE WITH LATEST ONLINE WRITTEN EXAM QUESTIONS AND ANSWERS NEW UPDATE Accumulation units are converted into annuity units: A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. If a disabled worker covered under Social Security disability benefits recovers and then is disabled again within five years, a new waiting period is required before benefits begin again. Robert had an accid...