ARKANSAS STATE LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS

ARKANSAS STATE LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS Rob has a benefit at work which enables him to defer his current receipt of income and have it paid at a later date, when he will probably be in a lower tax bracket. Which benefit fits this description? - correct answer Income deferral option Who were Keogh plans designed to provide pension benefits for? - correct answer the self-employed What correctly describes a certificate of authority? - correct answer Permits an insurance company to transact business in Arkansas An example of replacement is - correct answer canceling a term life policy to buy a whole life policy Loans obtained by a policyowner against the cash value of a life insurance policy - correct answer would not be treated as taxable income If an insured dies during the grace period with no premiums paid - correct answer the policy would be payable, minus the premium amount Pre-death distributions from a modified endowment contract (MEC) receive different tax treatment than other life insurance policies because - correct answer the MEC tends to be an investment vehi