Comprehensive exam AD BANKER SC Life Health Accident Questions With Complete Solutions
Which Whole Life Policy would require you to put the least amount of premium into the plan over the total life of the plan? correct answer: Single Pay/ Premium A Single Pay Premium pays the total premium up front at a discounted rate. To waive an insureds premium, most companies require an individual's disability to be: correct answer: Total and permanent A producer licensed for property and casualty, life and health, or both must complete at least ________ hours of CE every 2 years. correct answer: 24 What is required to add a nonfamily member to a life insurance policy under a term rider? correct answer: Insurable Interest All of the following are transactions tha6t qualify as a 1035 exchange except: correct answer: A fixed annuity into an adjustable life policy Annuities cannot be 1035 exchanged into a life insurance policy. The annuity settlement option that pays out the highest monthly income for as long as the annuitant lives, and leaves no residual value upon the annuitants death, is the: correct answer: Life income option
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comprehensive exam agtdgt banker sc life health accident questions with complete solutions