Florida life Insurance Prep Questions And Correct Answers

Florida life Insurance Prep Questions And Correct Answers Which of the following is an example of nonforfeiture option? - ANSWER reduced paid-up option All of the following statements about major medical benefits are true, EXCEPT: - ANSWER Benefits have no maximum limit What type of annuity has a cash value that is based upon the performance of it's underlying investment funds? - ANSWER variable An individual participant personally received eligible rollover funds from a profit-sharing plan. What is the income tax withholding requirements for this transaction? - ANSWER 20% is withheld for income taxes Credit life insurance is typically issued with which of the following types of coverage? - ANSWER Decreasing term A life policy loan in Florida cannot charge a fixed rate of interest higher than - ANSWER 10%