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Pure or straight life
Which of the following annuity benefit payment options would generate the highest monthly payments to the
contract owner upon annuitization?
Paid-up additions
1-year term
Cash
All of the following are dividend options on a participating life insurance policy:
Insured
The person upon whose life an annuity is based is known as the:
Reduced paid-up
When a policyowner uses the cash value in their policy to buy a lesser amount of permanent life insurance, they
have exercised which nonforfeiture option:
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Interest only
Which of the following life insurance settlement options enables the beneficiary to conserve the proceeds of a
life insurance policy?
The account value
In the case of a variable annuity sold to a senior citizen in this state for which the owner has directed that the
premium be invested in the mutual funds underlying the contract during the 30-day cancellation period,
cancellation during that period entitles the owner to a refund of:
They are purchased by those who are worried about outliving their savings.
They are not suitable as short term investments.
They may be used as a life insurance settlement option.
All of the following are true regarding annuities
Group (Life Insruance)
Which of the following would not be considered to be ordinary life insurance?
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Pure or straight life
Which of the following annuity benefit payment options would generate the highest monthly payments to the
contract owner upon annuitization?
Paid-up additions
1-year term
Cash
All of the following are dividend options on a participating life insurance policy:
Insured
The person upon whose life an annuity is based is known as the:
Reduced paid-up
When a policyowner uses the cash value in their policy to buy a lesser amount of permanent life insurance, they
have exercised which nonforfeiture option:
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Interest only
Which of the following life insurance settlement options enables the beneficiary to conserve the proceeds of a
life insurance policy?
The account value
In the case of a variable annuity sold to a senior citizen in this state for which the owner has directed that the
premium be invested in the mutual funds underlying the contract during the 30-day cancellation period,
cancellation during that period entitles the owner to a refund of:
They are purchased by those who are worried about outliving their savings.
They are not suitable as short term investments.
They may be used as a life insurance settlement option.
All of the following are true regarding annuities
Group (Life Insruance)
Which of the following would not be considered to be ordinary life insurance?
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