California Life, Accident, and Health

FInal Exam: California Life, Accident, and Health Insurance Answers 2023

CALIFORNIA LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM QUESTIONS AND ANSWERS (2023) (VERIFIED ANSWERS BY EXPERT)

What distinguishes a deferred annuity from an immediate annuity? - ANS The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - ANS 60 payments What is a common reason people purchase an annuity? - ANS To protect against the risk of outliving their financial resources What kind of annuity pays income to two annu...

FINAL EXAM: CALIFORNIA LIFE, ACCIDENT, AND HEALTH INSURANCE 2022 WITH COMPLETE SOLUTION

What distinguishes a deferred annuity from an immediate annuity? - Answer-The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - Answer-60 payments What is a common reason people purchase an annuity? - Answer-To protect against the risk of outliving their financial resources What kind of annuity pays income to ...

California Life, Accident, and Health Insurance questions and answers latest 2023 - 2024 [100% correct answers]

California Life, Accident, and Health Insurance questions and answers latest [100% correct answers]

Co-insurance -The policy provision which requires the insurer and the insured to share in the cost of services rendered Exclusion ratio -The formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policy - When a disability income policy provides coverage for injuries which occur on and off the job

CALIFORNIA LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM QUESTIONS AND ANSWERS (2023) (VERIFIED ANSWERS BY EXPERT)

California Life, Accident, and Health Insurance Final Exam questions and answers latest 2023 - 2024 [100% correct answers]