_____________Quiz____________?
Insurable Receipt -
Answer✓✓
The reciept given to a life insurance applicant when the application is completed and the
initial premium is received is called a(n)
_____________Quiz____________?
Representations -
Answer✓✓
Statements in the application for insurance that are believed to be true to the best of the
applicants knowledge are
_____________Quiz____________?
Provide the annuitant with an interest rate that is lesser of the guaranteed or current rate -
Answer✓✓
An annuity is considered fixed when it does all of the following EXCEPT
_____________Quiz____________?
Continuous Premium (straight) life -
Answer✓✓
The most common type of whole life insurance where premiums are payable over the
whole life of the insured to age 100 is called.
1
, _____________Quiz____________?
Entire contract -
Answer✓✓
The policy and a copy of the application, along with any riders and amendments, is called the
_____________Quiz____________?
Not taxable -
Answer✓✓
Money borrowed from the policy's cash value is
_____________Quiz____________?
All annuities (Variable, Deferreed & Equity Indexed) -
Answer✓✓
Which of the following annuity products requires an agent to hold a securities license?
_____________Quiz____________?
Life income annuity -
Answer✓✓
Which type of annuity settlement stops when the annuitant dies?
_____________Quiz____________?
59 1/2 -
Answer✓✓
At what age can a participant receive distributions from a qualified plan without incurring a
10% penalty
_____________Quiz____________?
Buy-Sell Agreement -
Answer✓✓
2
Insurable Receipt -
Answer✓✓
The reciept given to a life insurance applicant when the application is completed and the
initial premium is received is called a(n)
_____________Quiz____________?
Representations -
Answer✓✓
Statements in the application for insurance that are believed to be true to the best of the
applicants knowledge are
_____________Quiz____________?
Provide the annuitant with an interest rate that is lesser of the guaranteed or current rate -
Answer✓✓
An annuity is considered fixed when it does all of the following EXCEPT
_____________Quiz____________?
Continuous Premium (straight) life -
Answer✓✓
The most common type of whole life insurance where premiums are payable over the
whole life of the insured to age 100 is called.
1
, _____________Quiz____________?
Entire contract -
Answer✓✓
The policy and a copy of the application, along with any riders and amendments, is called the
_____________Quiz____________?
Not taxable -
Answer✓✓
Money borrowed from the policy's cash value is
_____________Quiz____________?
All annuities (Variable, Deferreed & Equity Indexed) -
Answer✓✓
Which of the following annuity products requires an agent to hold a securities license?
_____________Quiz____________?
Life income annuity -
Answer✓✓
Which type of annuity settlement stops when the annuitant dies?
_____________Quiz____________?
59 1/2 -
Answer✓✓
At what age can a participant receive distributions from a qualified plan without incurring a
10% penalty
_____________Quiz____________?
Buy-Sell Agreement -
Answer✓✓
2
