Indiana Life Insurance Exactitude exam 2024
Twisting - correct answer A form of misrepresentation in which an agent persuades an insured/owner to cancel, lapse, or switch policies, even when it's to the insured's disadvantage. An insured pays $1,200 annually for her life insurance premium. The insured applies this year's $300 worth of accumulated dividends to the next year's' premium, thus reducing it to $900. What option does this describe? - correct answer REDUCTION OF PREMIUM Death due to plane crash for a fare-paying passenger - correct answer Which of the following is NOT typically excluded from life policies? Which option for Universal life allows the beneficiary to collect both the death benefit and cash value upon the death of the insured? - correct answer OPTION B There is no current income taxation upon the growth in the annuity - correct answer Annuity contracts grow tax deffered. That means that 40 - correct answer What is the number of credits required for fully status for social security disability benefits?
Document information
- Uploaded on
- March 3, 2024
- Number of pages
- 9
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
