California Life License Exam Latest 2024 Graded A+

California Life License Exam Latest 2024 Graded A+ An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a ... - Answer ️️ -Single premium deferred annuity A technique that is used to determine the amount of life insurance needed on the projected earning potential of an insured is called the... - Answer ️️ -Human life approach When replacing a policy the producer must present the applicant with a Notice Regarding Replacement of Life Insurance... - Answer ️️ -At the time of taking the application The possibility of a financial loss incurred by a life insurance company got the premature death of an insured is known as a... - Answer ️️ -Risk A person who signs a fraudulent claim form may be found guilty of... - Answer ️️ -Perjury Which policy is a combination of annual renewable term insurance and interest-sensitive cash value? - Answer ️️ -Universal life The right to a full refund of premiums for insureds age 60 or older is - Answer ️️ -14 days Intentionally omitting a history of heart problem on application - Answer ️️ -Concealment A tax-sheltered annuity (TSA) is a qualified plan available for - Answer ️️ -Non-profit organizations The intent of replacement regulations is to protect the - Answer ️️ -Policyowne