Missed
The amount of the distribution is reduced by the amount of a 20% withholding tax.
A 60-year-old participant in a 401(k) plan takes a distribution and rolls it over to an IRA within 60 days.
Annually Renewable Term policy with a cash value account
A Universal Life Insurance policy is best described as a/an
level fixed
Variable Life insurance is based on what kind of premium?
2500
What is the maximum penalty for habitual willful noncompliance with the Fair Credit Reporting Act?
3 years
When a policy is replaced, replacing insurers must maintain a replacement register regarding that policy until the conclusion of the next regular examination by the Insurance Department or for
reduced paid-up
Which nonforfeiture option provides coverage for the longest period of time?
benefit payment amounts are not guaranteed.
Which of the following is a feature of a variable annuity?
annual
Which of the following premium payment modes will incur the lowest overall payment?
interest
While equity indexed annuities earn higher interest rates than fixed annuities, both types of annuities guarantee a specific minimum ______ rate.
cash option
An insured receives an annual life insurance dividend check. What term best describes this arrangement?
higher returns
Equity Indexed Annuities are not securities, but they invest on a relatively aggressive basis to aim for
upon last death
In a survivorship life policy, when does the insurer pay the death benefit?
grow tax deferred
In life insurance policies, cash value increases
employee
Life insurance used as an Executive Bonus is owned by
natural person
Owners of annuities can be individuals or entities like corporations and trusts, but the annuitant must be a ___________, whose life expectancy is taken into consideration for the annuity