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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
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 creditors, with any remaining balance
forwarded to the beneficiary
3. are paid directly to the beneficiary, minus any debt claims by the
insured`s creditors
4. are paid directly to the beneficiary without interference from the
insured`s creditors
are paid directly to the beneficiary without interference from the insured`s
creditors
What determines how much an annuitant is paid for a variable annuity
1. varies according to how many outstanding annuitant is paid for a variable
annuity
2. payments fluctuate as annuitant gets older
3. the market value variations of the securities backing it
4. varies according to the insurers investments in its general account
the market value variations of the securities backing it
, a terminated employee has how many days upon termination to convert group
life insurance coverage to an individual policy
10 days
15 days
30 days
31 days
31 days
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Rick owns a variable universal life insurance policy and chooses a variable death
benefit option. what will typically happen to the death benefit as a result of
this section
1. remain the same
2 decrease but never increase
3 increase but never decrease
4 fluctuate with changes in the cash amount
fluctuate with changes in the cash amount
, the policy provision that permits an employee to change from group life
insurance to an individual policy is called
1 assignment provision
2 conversion provision
3 certificate provision
4 modification provision
conversion provision
when the deferred annuity is surrendered, who must sign the authorization
to do so
owner
annuitant and beneficiary
annuitant
all parties involved
owner