Adjustable or fixed he - Study guides, Class notes & Summaries

"Integration" is - depositing cahs and then using that cahs to purchase real estate folowed by using that real estate as collateral on a loan which is paid back with large cash payments "Placement" is - the process of introducing unlawful proceeds into the financial system a 100k loan has a 7.5% payment cap and a current monthly payment of 1k At the next adjustment payment could not be increased more than - 1075% bc the 7.5% cap is on the payment not the mortgage a 2/1 buydown - reduce...

The preferred debt-to-income ratio for applicants for VA loans is: A. 35% B. 43% C. 50% D. 41% - Answer- D. 41% When would a license be suspended without a hearing? A. If a licensee fails to renew B. If a licensee fails to request a hearing with the state regulator C. If a licensee has failed to complete pre-licensing requirements D. If a licensee has already executed a right to a hearing for a previous violation - Answer- B. If a licensee fails to request a hearing with the state reg...

PRIMERICA LIFE INSURANCE EXAM. All Most Examined Questions Bank with answers. 100% verified. Rated A. An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - A. mutual funds not paid out after paying claims ...

NC Life insurance state exam study guideline already graded A+ Term Insurance Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance Expire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. Level Term Insurance Term insurance can be Renewed annually. Has a level Face Amount at renewal, Premiums goes up. Can be purchased for a Year or as o...

Washington Real Estate AMP National Cram Exam 1: Review Questions and answers, verified/ Sheila has spent over $10,000 for landscaping to her property. This would be known as which of the following?30-y A) capital depreciation B) capital improvement C) basis adjustment D) capital gain - B) capital improvement Feedback: Correct: Sheila has invested capital into her property and improved the appearance. This is known as capital improvement. Since she has not sold the property, she h...

Washington Real Estate AMP National Cram Exam 1 Questions and answers,With Rationales/ rated A+/ verified/ Sheila has spent over $10,000 for landscaping to her property. This would be known as which of the following?30-y A) capital depreciation B) capital improvement C) basis adjustment D) capital gain - -B) capital improvement Feedback: Correct: Sheila has invested capital into her property and improved the appearance. This is known as capital improvement. Since she has not sol...

Primerica - Exam test Questions With 100% Correct Answers 2023 An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion - Correct answer-Adhesion An insurance policy that ...

Louisiana Life and Health Simulator Questions and Answers Already Passed A licensee just renewed his license. How much time will pass before he will have to renew it again? 2 years How many eligible employees must be included in a contributory plan? 75% All of the following are Nonforfeiture options EXCEPT Interest only Federal law makes it illegal for any individual convicted of a crime involving dishonesty or breach of trust to work in the business of insurance affecting interstate commerc...

Texas General Lines - Life, accident and health insurance PRACTICE EXAM QUESTIONS AND ANSWERS LIFE SECTION 1 - ANS LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20-year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - ANS A- $50,000 Whole Life policy B- $50,000 Level Term policy for 20 years C- $50,000 20 Pay Life policy D- $50,00...

Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A An insurer decides to renew a policy but at a higher premium rate, starting on the renewal date. How many days in advance must the insured be notified? a) 30 b) 60 c) 90 d) 100 - -b How is the Commissioner of Insurance placed in office? a)By NAIC nomination b)Through a bid process c)An election at the same time that other state officials are selected d)An appointment by the Governor - -d An ins...