Single premium annuity - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Single premium annuity? On this page you'll find 1198 study documents about Single premium annuity.
Page 3 out of 1.198 results
Sort by
-
Life, Accident, and Health Producer Exam
- Exam (elaborations) • 11 pages • 2023
-
Available in package deal
-
- $12.69
- 3x sold
- + learn more
Paul is an employee who caught a disease unique to the trade in which he was exposed to. Paul has a(n) - Answer- Occupational disease 
 
An immediate annuity has been purchased with a single premium. When does the annuitant typically begin receiving benefit payments? - Answer- 1 month 
 
Under which circumstance may a deferred insurance commission be paid to an individual? - Answer- Individual was a licensed producer at the time of the sale 
 
Under the Health Insurance Portability and Accountab...
-
Primerica Practice Exam Test A 75 Questions & Answers 2023
- Exam (elaborations) • 9 pages • 2023
-
- $14.99
- 2x sold
- + learn more
Primerica Practice Exam Test A 75 Questions & 
Answers 2023 
1. An annuity that is purchased with a lump sum premium and whose benefits begin 
after 12 months is called a: 
A. Single premium immediate annuity. 
B. Single premium deferred annuity. 
C. Level premium variable annuity. 
D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 
2. A technique used to determine the amount of life insurance needed by focusing on 
the projected earning potential of an insured ...
-
Florida 2-15 Insurance Final Exam Test Bank (All Chapters complete 1-30, Questions and Answers, 100% Verified) Latest 2023/2024
- Exam (elaborations) • 131 pages • 2023
-
Available in package deal
-
- $15.49
- 1x sold
- + learn more
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...
-
PSI: LIFE, ACCIDENT, AND HEALTH PRACTICE EXAM ALREADY PASSED
- Exam (elaborations) • 13 pages • 2023
-
Available in package deal
-
- $9.99
- 1x sold
- + learn more
PSI: LIFE, ACCIDENT, AND HEALTH PRACTICE EXAM ALREADY PASSED 
Under the misstatement of age or gender provision, what happens if it is determined at death that the insured's age or gender was misstated on a life insurance policy application? Benefits are adjusted to an amount that the premium would have purchased at the correct age or gender. 
Which of the following must be given to the insurer within 20 days after occurrence or commencement of any loss covered by the policy, or as thereafter a...
-
XCEL Life Underwriting & Annuities Questions and Answers Already Passed
- Exam (elaborations) • 6 pages • 2023
-
Available in package deal
-
- $9.99
- 1x sold
- + learn more
XCEL Life Underwriting & Annuities Questions and Answers Already Passed 
Which of the following statement is CORRECT about an agent who is taking an insurance application? The agent should have the applicant initial any changes made on the application 
Agent J takes an application and initial premium from an applicant and sends the application and premium check to the insurance company. The insurance company returns the check back to J because the check is made out to J instead of the insurance ...
Get paid weekly? You can!
-
Kentucky Life Insurance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A
- Exam (elaborations) • 22 pages • 2024
-
Available in package deal
-
- $10.99
- + learn more
Kentucky Life Insurance Exam (New 2024/ 
2025 Update) Questions and Verified 
Answers| 100 % Correct| Grade A 
 
QUESTION 
 The owner of a single premium deferred annuity is entitled to do all of these EXCEPT 
 
 
Answer: 
 Make multiple premium payments 
 
 
 
QUESTION 
 An insurance company's voluntary refusal to enforce a contract's provision is called a(n) 
 
 
Answer: 
 Waiver 
 
 
 
QUESTION 
 What happens when an initial offer is answered with a counteroffer? 
 
 
Answer: 
 Init...
-
NC LIFE insurance state exam questions and answers 100% pass
- Exam (elaborations) • 14 pages • 2023
-
Available in package deal
-
- $9.99
- 1x sold
- + learn more
NC LIFE insurance state exam questions and answers 100% pass CREDIT LIFE a special type of coverage written to the life of the debtor and pay off the balance of a loan in the event of the death of the debtor. 
BUY-SELL AGREEMENTS a legal contract that determines what will be done with a business in the event that an owner dies or becomes disabled. Otherwise known as a business continuation agreement 
INSURABLE INTEREST to purchase insurance the policy owner must face the possibility of losing mo...
-
Texas Life Insurance Exam Questions and Answers with complete solutions
- Exam (elaborations) • 10 pages • 2022
-
Available in package deal
-
- $9.99
- 3x sold
- + learn more
Insurance 
(General concept) - ANSWER - transfers the risk of loss from an individual to an insurer 
- based on the principle of indemnity 
- based on the principle of risk (risk pooling) 
 
insurable interest 
(General Concept) - ANSWER - must exist at the time of the application 
- insuring one's own life, family member, or a business partner 
 
Solicitation and sales presentation - ANSWER - illustration- presentation of nonguaranteed elements 
- buyer's guide is generic information abo...
-
Florida Life, Health and Variable Annuity Exam Correct !!
- Exam (elaborations) • 15 pages • 2023
-
- $12.99
- 1x sold
- + learn more
Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) 
 
Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. 
 
Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...
-
Kentucky Life Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (New 2024/ 2025 Update)
- Exam (elaborations) • 49 pages • 2024
-
Available in package deal
-
- $10.99
- + learn more
Kentucky Life Insurance Exam Prep| 
Questions and Verified Answers| 100 % 
Correct| Grade A (New 2024/ 2025 Update) 
 
 
QUESTION 
 Nonforfeiture Options 
Three options available by law to policyowners that enable them to recover a policy's cash-value 
upon surrender of that policy. (1) Cash (2) Reduced Paid-Up Insurance (3) Extended Term 
Insurance 
 
 
 
QUESTION 
 Immediate Annuities 
 
 
Answer: 
- Can only be funded using the Single Premium payment method 
- First income payment is ma...
That summary you just bought made someone very happy. Also get paid weekly? Sell your study resources on Stuvia! Discover all about earning on Stuvia