Exam Simulator Louisiana Life Insurance State Exam Simulator | 140MOSTLY TESTED COMPLETE QUESTIONS AND ANSWERS 2025| GRADED A+

Exam Simulator Louisiana Life
Insurance State Exam Simulator |
140MOSTLY TESTED COMPLETE
QUESTIONS AND ANSWERS 2025|
GRADED A+
What effect can a long-term care benefit rider have on a life insurance policy?
-Increased cash value
-Decreased cash value
-Increased death benefit
-Reduced death benefit - ANSWER-Reduced death benefit

Mike has inherited his father's traditional IRA. As beneficiary, he will pay______
taxes on any money withdrawn.
-estate
-probate
-no
-income - ANSWER-income

A life insurance policy that is subject to a contract interest rate is referred to as
-adjustable life
-group life
-term life
-universal life - ANSWER-universal life

An example of a tax-qualified retirement plan would be a(n)
-equity compensation plan
-defined contribution plan
-executive index plan
-1035 exchange plan - ANSWER-defined contribution plan

All of the following are examples of a Business Continuation Plan EXCEPT
-Key person insurance
-Cross-purchase agreement
-Stock Redemption Plan
-Deferred Compensation - ANSWER-Deferred Compensation

The absolute assignment of a life insurance policy results in