Beneficiary benefits - Study guides, Class notes & Summaries

ISR3702 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 (392770) - DUE 15 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9......... Mlindwa’s spouse, Fezi, successfully challenged Mlindwa’s testamentary will. The court deemed the will void and set it aside. There was no sale of assets from Mlindwa’s deceased estate. The deceased estate had the following liabilities, which Nongxa had to pay when winding up this estate: ...

2023 EDPNA Practice Exam QUESTIONS WITH COMPLETE SOLUTIONS 1. To be disability insured for Title II an individual must:: CORRECT ANSWER Have worked 5 out of the last 10 years and paid into the system 2. At the fourth step of the sequential evaluation process, if a claimant has the residual functional capacity to perform their PRW then:: CORRECT ANSWER A finding of not disabled is made and the analysis stops there 3. SSI Title XVI date of entitlement is:: CORRECT ANSWER The first day of the fo...

WV State Life Insurance Exam Questions and Answers Already Passed A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? 1970-Fair Credit Reporting Act Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six months. Q dies suddenly and the ben...

PSI LIFE INSURANCE EXAM which of the following occurs immediately after the application is submitted and the initial premium paid: A: the underwriting process begins B: the applicant's references are checked C: the beneficiaries are selected D: the insurance goes into effect Correct Answer: A: the underwriting process begins in a level term life policy, which ALWAYS remains constant: A: premium B: beneficiary C: death benefit D: maximum age of the insured Correct Answer: C: d...

a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - correct answer they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee if the insured has any outstanding debts 2. are paid directly to the insured`s credito...

An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - correct answer Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - correct answer Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered - correct answer Nonconcellable What is the required action to be taken by a South Carolina l...

Arizona Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which statement concerning the Entire Contact provision in an individual accident and health insurance policy is TRUE? Answer: The agent doesn't have the authority to change the policy or waive its provisions Q: Under the Fair Credit Reporting Act, which statement is true? Answer: The consumer who was investigated must be advised that credit, insurance...

Life and Disability Producer Combo Practice Questions with Certified Answers The premium payment mode that results in the highest overall cost would be Monthly A policyowner is prohibited from making any changes to the policy without the beneficiary's written consent under which beneficiary designation? Irrevocable beneficiary Over the course of a year, which premium payment mode is most expensive? Monthly Purchasing a life insurance policy in order to avoid the forced sale of ...

Missouri Life and Health Exam Questions and Answers 100% Pass In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights insuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? when the enrollee's life or health is jeapordized The Consideration clause in a life insurance contract contains what pertinent information? ...

Which of the following is NOT a characteristic of a Variable Annuity? A. Premium Payments may be level or flexible or single premium B. The cash values are invested in securities. C. The non-forfeiture values will provide for the return of the cash value should the annuitant die during the accumulation period. D. It provides for a tax-free death benefit. - Answer-D. It provides for a tax-free death benefit. All of the following policies provide for the tax deferred accumulation of cash val...

SI Life Exam Questions and Answers 100% Pass What kind of retirement plan can a 75-employee for profit corporation establish? Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT failure to pay all claims that are reported within 90 days after a loss occurs The settlement option t...