FInal Exam: California Life,
Accident, and Health Insurance
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,Terms in this set (160)
What The time at which benefit
distinguishes a payments start
deferred
annuity from an
immediate
annuity?
Cindy buys a 10- 60 payments
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?
,What is a To protect against the risk of
common reason outliving their financial resources
people
purchase an
annuity?
What kind of Joint and survivor annuity
annuity pays
income to two
annuitants until
their deaths?
Provides payments the annuity to
two people. If either person dies,
What is a joint the same income payments
and survivor continue to the survivor for life.
annuity? When the surviving annuitant dies,
no further payments are made to
anyone.
, Victoria owns a for a minimum of 120 months and a
life annuity and maximum of the remainder of her
elects to life
receive annuity
payments
monthly for the
remainder of
her life with "ten
years certain".
Her annuity will
make payments
Which of the It is the distribution of excess of
following funds accumulated by the insurer
statements on participating policies.
regarding a life
insurance policy
dividend is
TRUE?
An insured mutual insurer
owned by its
policyholders is
called a
Accident, and Health Insurance
Complete Questions and Correct
Answers | Already Graded A+ |
Verified Answers | Just Released
Save
Sample some practice questions
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
,Terms in this set (160)
What The time at which benefit
distinguishes a payments start
deferred
annuity from an
immediate
annuity?
Cindy buys a 10- 60 payments
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?
,What is a To protect against the risk of
common reason outliving their financial resources
people
purchase an
annuity?
What kind of Joint and survivor annuity
annuity pays
income to two
annuitants until
their deaths?
Provides payments the annuity to
two people. If either person dies,
What is a joint the same income payments
and survivor continue to the survivor for life.
annuity? When the surviving annuitant dies,
no further payments are made to
anyone.
, Victoria owns a for a minimum of 120 months and a
life annuity and maximum of the remainder of her
elects to life
receive annuity
payments
monthly for the
remainder of
her life with "ten
years certain".
Her annuity will
make payments
Which of the It is the distribution of excess of
following funds accumulated by the insurer
statements on participating policies.
regarding a life
insurance policy
dividend is
TRUE?
An insured mutual insurer
owned by its
policyholders is
called a
