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