4th attempt on guarantee test
60 days
A distribution from an employer-sponsored retirement plan or from an IRA is eligible for a tax-free rollover if it is reinvested in an IRA within
Irrevocable beneficiary
A policy owner who cannot borrow the equity, change beneficiaries, assign a policy or stop paying premiums without the beneficiary's written consent has designated the beneficiary as a(n)
Performance of a recognized index
An equity indexed annuity will grow based upon
Pay next year's premium in advance
In order to reinstate a life insurance policy the insured must do all of the following EXECPT
The primary beneficiary died before the insured
According to the Common Disaster clause, if the insured and primary beneficiary are killed in the same accident and it cannot be determined who died first, which of the following will be assumed?
Disability
Which of the following is NOT a standard exclusion in life insurance policies?
The owner of a shop
Which of the following would NOT be eligible for coverage under key person?
Cash values grow tax deferred
Which of the following is true of the taxation of cash values in a business life insurance policy?
Individuals age 50 or older
Who would be allowed catch-up contributions?