missed
which of the following best describes fixed. Statement option
both the principal and interest will be liquidated over a selected period of time
which of the following entities may not be in Ensure
commissioner
an employee will be taxed on the cost of group life insurance paid by the employer if the amount of coverage exceeds
$50,000
what is the minimum free-look period for newly issued life insurance policies in this state
10 days
the notice to senior consumers regarding their right to cancel policy must be printed on the cover or policy jacket in at least what type of print
12 point bold print
a policy which pays monthly income upon the death of the breadwinner for a predetermined number of years after death plus a lump sum at death and combines level term and whole life is known as which policy
Family Maintenance
when contributions to an immediate annuity are made with before-tax dollars which of the following is true of the distributions
distributions are taxable
selection of coverage in employee benefits plans refers to
employee choosing benefits
which of the following best in defines earned Surplus
ensures unassigned funds
which of the following methods of calculating the amount of life insurance needed takes into account the insured wages years until retirement and inflation
human life value approach
what is the purpose of a conditional receipt
it is intended to provide coverage on the date earlier than the date on the insurance of the policy
and insured has a life insurance policy that requires him to only pay premiums for a specified number of years until the policy is paid up what kind of policy is this
limited pay life
attempting to determine how much insurance and individual require based upon their financial objectives is known as
needs approach
applicants for insurance who are blind maybe rated substandard for life insurance
only on the basis of information on related to their blindness
which of the following individuals must have insurable interest insured
policy owners
equity-indexed annuities
seek higher returns
according to California law all of the following may be covered as dependents under group life insurance except
the insured's elderly parents living with the insured
an extended term nonforfeiture option the policy cash value is converted to
the same face amount as a whole life policy
in insurance policies the insured is not legally bound to any particular action in the insurance contract that the insurer is legally obliged to pay losses covered by the policy what contract element does this describe
unilateral
when can earned Surplus be returned to the policyholder
whenever it exists and is not needed for other expenses
to sell variable life insurance policies an agent must receive all of the following except
a sec registration
what license or licenses are required to sell variable annuities
both a life insurance license and a Securities license
a policy owner fails to pay the premium due to his whole life policy after the grace period passes but the policy remains in force this is due to what provision
automatic premium loan
an insurer has made all of the decisions regarding the provisions including in the insured's policy the insured finds an objectionable provision and wants to negotiate it with the ensure but it is not allowed to do so. Her only options Archer reject the policy or accept it as it is which contract feature does this describe
adhesion
all of the following are insurable events as defined in the insurance code
and insured loses a large sum in a poker game
which concept is associated with exclusions ratios
annuity payments
an insurer wants to begin underwriting procedures for an applicant what stores will it consult for the majority of its underwriting information
application
all of the following are true of the federal tax advantages of a qualified plan except
at distribution, all amounts are received by the employee are tax free
a rider that may be attached to a life insurance policy that will adjust the face amount based upon a specific index such as Consumer Price Index is called
cost of living Rider adjust to the face amount of a policy to maintain the relationship of the face amount and increases in the cost of living living
your client Jose market value adjusted annuity in order to pay for a series of large unexpected medical bills he decides to surrender his policy prematurely which of the following will determine the penalty of the annuity owner will have to pay
current interest rate at the time of surrender