4th attempt on guarantee test

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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?


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