76% !!!!

Within how many days of receipt of proof of death must be ensure pay the debts benefit to the beneficiary to avoid paying in interest penalty

90 days

A universal life insurance policy is best described as

And annually renewable term policy with a cash value account

Commissioner may permit an agent to enter into reasonable arrangement with prospective insureds Shar a reduced fee in situations where services that are charge for our

Bided beyond the scope of customarily services in connection with the solicitation and procurement of insurance

The general powers and duties of the insurance department include all the following except

Enacting statutes to regulate the insurance industry

When a life insurance policy is canceled and the insured has selected the extended term nonforfeiture option the cash value will be purchased used to purchase term insurance that has a face amount

Equal to the original policy for as long as a period of time the cash value will purchase

Both universal life and variable universal life have a

Flexible premium

And insured purchases a policy into thousand eight and died in 2013 the insurance company discovers at that time in the insured concealed information during the application process what can they do

Hey the death benefit

Which of the following provisions prevents the insurer from denying a claim due to the statements on the application after a certain period of time

Incontestability

Your clients employer does not offer a companywide annuity contract what type of annuity contract with your client obtain

Individual

The sole beneficiary of the life insurance policy dies before the insured if the policy owner feels to change the beneficiary before the insured's death the proceeds of the policy will go to

Insureds a state

A producer did not do his research and placed insurance coverage through an unauthorized sure when this becomes known want me to Commissioner do

Order a replacement policy

Based on human life approach which of the following is not used to calculate an individual's life value

Predicted needs of the family after the death insured

Equity indexed annuity's

Seek higher returns

In a fixed annuity which of the following is true regarding the guaranteed interest rate on the investment

The annuitant will receive the higher of either the guaranteed minimum rate or current rate

The following is true about credit life insurance

The creditor is the policy owner

Which component increases in the increasing term insurance

The death benefit

Who is the owner and who is the beneficiary on a key person life insurance policy

The employer is the owner and beneficiary

Which of the following is not true regarding equity indexed annuity's

They earned a lower interest rates than fixing to annuities

Which of the following types of policies allows the policy owner to skip premium payments provided that there is enough cash value in the policy to cover the premium amount

Universal life

When would a 20 page whole life policy endow

When the insured reaches age 100

A couple near retirement is now planning for their golden years they want to make sure that their retirement annuity provides monthly benefits for the rest of their lives should one of them died the other would still like to continue to receive benefits which settlement option should they choose

Joint and survivor

What is the name of the clause that is included in the policy that limits or illuminates the death benefit if the insured dies as Rapunzel of war or while serving in the military

Military service or war

Employer contributions made to a qualified plan

Are subject to vesting requirements

The Washington insurance code regulation regarding policy replacement applies to which of the following types of transactions

Immediate annuity contract