Section 529 plans - Study guides, Class notes & Summaries

Which of the following may be considered suspicious? Ans: A customer unconcerned about losses A corporate stock transaction occurs regular way on Monday, August 3. Ownership of the securities is recognized as changing hands between buyer and seller on Ans: Wednesday, August 5. (T+2) Your customers, Frank and Gracia Chen, are considering investing in a private placement to add to their portfolio. They mention they are accredited investors. If accurate, they have a net worth of at least ...

PSI Practice Exam - Life Insurance Questions and Answers Rated A+ Age - Answer ️️ -For an individual long-term care policy there is an annual dollar limit for tax deductions that is based on which of the following? 1. age 2. cost of care 3. policy value 4. premium cost 4 - Answer ️️ -The group conversion option is allowed for all of the following EXCEPT 1. termination of the master policy . 2. loss of group coverage due to termination of employment. 3. upon the loss of eligib...

Under which situation must insurable interest exist between the applicant and insured at the time of application? - Answer When a third-party applicant names themselves beneficiary. Which of the following is true about a decreasing term life policy? - Answer The face amount reaches zero at policy expiration. Which of the following occurs immediately after the application is submitted and the initial premium paid? - Answer The underwriting process begins For an individual long-t...

NY Life, Accident and Health Insurance latest Exam || Updated || Guaranteed A+ NY Life, Accident and Health Insurance latest Exam Updated .Guaranteed A+ Pass. Page 1 of 7 1. For an individual long-term care policy there is an annual dollar limit for tax deductions that is based on which of the following? - answers>Age 2. All of the following are tax qualified retirement plans EXCEPT - answers>Section 529 Plan 3. The group conversion option is allowed for all of the following EXCEP...

Life Insurance and Health Insurance Exam Questions with Correct Answers 2023 Section 529 Plans Correct Answer: - state provided - Can be funded by after tax dollars - Can pay prepaid tuition - All earnings exempt from federal taxes - If withdrawn for unqualified withdrawal, 10% penalty Roth IRA Correct Answer: private retirement plan that taxes income before it is saved, but which does not tax interest on that income when funds are used upon retirement Distributions don't have to st...

PSI: LIFE, ACCIDENT, AND HEALTH PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS PSI: LIFE, ACCIDENT, AND HEALTH PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS A basic vision care package includes all of the following EXCEPT? - Answer Safety glasses A consumer report used to determine eligibility for insurance may include all of the following EXCEPT? - Answer Medical Underwriting exam. A group conversion option may be used in all the following instances EXCEPT...

PSI EXAM Questions and Answers Latest Updated (GRADED) What is the primary advantage for obtaining a reinstatement of a policy rather than obtaining a new one? - ANSWER insured original issue age is used How does a noncancelable policy differ from a guaranteed renewable policy? - ANSWER With the noncancelable policy the insurer may increase premiums only based on the terms of the policy. What does first dollar coverage mean? - ANSWER As soon as covered medical expenses are incurred, the p...

CFP Exam 2024 | 665 QUESTIONS| WITH COMPLETE SOLUTIONS GRADED A+. CFP Standards of Conduct Sections (6) Correct Answer: A. Duties owed to clients. B. Fin. Planning and Application of Practice Standards C. Practice Standards for Fin. Planning Process D. Duties owed to firms/subordinates E. Duties owed to CFP Board F. Prohibition on Circumvention Section A of CFP Standards of Conduct Correct Answer: Duties owed to Client: 1. Fiduciary Duty 2. Integrity 3. Competence 4. Diligence 5. Dis...

Zack McKerley began college last year and is in the process of applying again for financial aid for his third year of college. Zack received some distributions from various sources to pay for his expenses in his rst year. Which one of the following distributions that occurred last year will not have an adverse effect on the financial aid that Zack may receive in the coming year? - correct answer A qualified distribution from a 529 Savings Plan that was funded...

Life Insurance and Health Insurance Exam Answers All 100% Correct Section 529 Plans - Answer - - state provided - can be funded by after tax dollars - can pay prepaid tuition - All earnings exempt from federal taxes - If withdrawn for unqualified withdrawl, 10% penalty Roth IRA - Answer - private retirement plan that taxes income before it is saved, but which does not tax interest on that income when funds are used upon retirement Distributions don't have to start before 70.5 40...