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
