Variable annuities - Study guides, Class notes & Summaries

Michigan Variable Annuities Exam fully solved graded A+ 2023/2024 guaranteed a+ guaranteed death benefit - ANS-protects the principal against loss due to market declines; assures contact owner that his/her beneficiaries will receive at least the amount originally invested in the annuity if death occurs before the contract's maturity date (standard death benefit payable is usual greater of 1) the amount of prems paid, less any withdrawls; or 2) the contract's accumulated va...

Florida Insurance 2-14 Exam Terms | 2-15 Life, Health, and Variable Annuities. State of FL Exam

Florida Insurance 2-15 Exam Terms (2-15 Life, Health, and Variable Annuities. State of FL Exam) 2023

Other names for pure life settlement - Answer -life income -life annuity What annuity settlement option produces the largest monthly income guaranteed for life? - Answer pure life settlement option second life contingency option - Answer life with period certain (ie. 10 years) so even if the annuitant does or does not die within that timeframe, insurer guarantees to continue the annuity payments to a named beneficiary for the balance of the certain period. third life contingency ...

LIFE PRODUCER EXAM (MI) QUESTIONS AND ANSWERS ALREADY PASSED Which of the following is NOT true regarding a Certificate of Authority? a)It may be necessary for transacting business in a specific state. b)It is equivalent to an insurance license. c)It is issued by the state department of insurance. d)It is issued to group insurance participants. d) It is issued to group insurance participants. Before insurers may transact business in a specific state, they must apply for a licen...

ANNUITY AGENT TRAINING CALIFORNIA 8-HOUR INSURANCE CE 2023 (WHICH OF THE FOLLOWING INFLUENCED INSURERS TO INTRODUCE VARIABLE ANNUITIES)

Michigan Variable Annuities Exam Question and answers 2023/2024 verified to passOther names for pure life settlement - correct answer -life income -life annuity What annuity settlement option produces the largest monthly income guaranteed for life? - correct answer pure life settlement option second life contingency option - correct answer life with period certain (ie. 10 years) so even if the annuitant does or does not die within that timeframe, insurer guarantees to continue the annu...

WEBCE LAW AND ETHICS UPDATE: LIFE, HEALTH AND VARIABLE ANNUITIES (215) EXAM QUESTIONS WITH CORRECT ANSWERS GRADED A+

1. The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Answer conditional receipt 2. Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called Answer representations 3. An annuity is considered fixed when it does all of the following EXCEPT Answer - provides the annuitant with an interest rate that is the lesser of the guaranteed or current rat...

Annuitization is - Answer- Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - Answer- A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? - Answer- When a consumer priorities and needs typically shift from asset accumulation to income distribution What is the sta...