RM FINAL

what is the maximum amount an employee can defer into his or her 401 for 2020

19,500

which of the following is not a dividend option on a whole life insurance policy

20 year period certain

logan was 38 years old when he purchased a disability insurance policy

3,750 a month

jamie has an indexed annuity with a cap raatte of 6.5% and a participation rate of 75% tied to the S&P 500

4.5 %

what is the maxiumum percentage of predictability income typically replaced by a disibality insurance policy

66 2/3%

which of the following is a qyalifying reason for a withdrawl from a tradition IRA

IRA

which of the following types of health plans could be best described as a gatekeeper

POS

activities of daily living with regard to long term care insurance include

all of these are ADIs

in annuity policies favorable tax treatment includes

as the value of the annuity grows taxa on the gain is deffered until money is recieved

which of the following is accurate regarding buy-sell arrangements

buy-sell is the most advantageous for the purposes if the business is sold after an owners death

katelyn had some health problems this calendar year

co-insurance

cyrus has maintained a roth IRA account for 10 years and it has 125,000 in it cyrisus is x years old

contributions from the roth would be income tax free for him

a disability income insurance policy that is renewable at the companys option offers the best gurantee that a disabaility

false

a universal life insurance policy requires regular consistent premium payments and wholelife policy does not

false

although many are used the only accurate needs analysis is based on the principal income replacement

false

an investor planning for retirement can fully fund a roth ira

false

disability income policies are forbidden by law from paying partial payments

false

if a person can afford it permanent cash value is always a better choice

false

inxed annuity is a great way for an investor to get 100 percent of the gains possible

false

the more a person pays into the social security system the easier it is to get disability benefits if needed

false

while all other factors being equal a shorter benefit period ona disability income policy will result in

false

an annuity which which allows for more than one premium payment is known as

flexible premium annuity

in an indexed annuity the cap rate

is the maximum interest percentages that will be credited to annuity in a policy year

term insurance policy offers stable constent premium

level term insurance

which of the following is the most advantageous type of disability policy for a consumer with regard to the possibilty of canc? to the company

noncancelable

when a term life insurance is surrended the owner will recieve

nothing

which of the following is not an incident of owner in a life insurance policy

option to change the insured

under which of the following defintions is a disability an insured most likely to collect benefits

own occupation

which of the following best describes the description of disability by social security act

own occupation

which of the following is not one of ? risks in retirement

political risk

whole life insurance contains which of the following charatericts

premiums are initally higher than the comparable term

the additional of any any of these optional coverages will increase the annual premium

social security

health insurance plan you are offered through work requires you to visit company owned

staff model HMO

in light of the low interest rate jo? decided to resinsure her home

term insurance

assuming everything else is the same which of the following policies would be the least expensive

term life insurance

which of the following is a true statement regarding most healthcare plans

the out of pocket maximum/stop loss

a key person life insurance policy benefits the employer but not employee

true

all other provisions being equal the longer waiting elmintion paeriod on a disability the lower the premium

true

annuity settlement option of life with refund will gurantee payments for rest of annuitants life

true

death beneifts are income tax free to beneficiares when paid from policies

true

dividend option known as paid up additions will result in the largest growth of cash value

true

non qualifieed deffered compensation plan must be funded with life insurance than annuity

true

owner in insurance policy chooses beneficiary

true

scheduled periodic payments from annuity to the annuitant are known as settlement options

true

staff model HMO health plan differs from other types of health insurance policies

true

which of the following is not a party to a life insurance correct

underwriter

life insurance poloicy that pays dividends known as

whole life policy