MI Variable Life and Annuities
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Terms in this set (150)
A variable Contingent upon the profitability of
annuity has a the investment portfolio
payout that is
,Which of the c) Investment management fee
following would
be considered
the largest cost
incurred on the
value of a
variable
annuity?
a) the cost of
insurance
b) Mortality fee
c) Investment
management fee
d) Administrative
expenses
The two main Fixed and variable
categories of
policy loan
interest rates are
,Which of the c) Flexible premium
following types
of policies
would allow a
policyowner to
choose a
premium amount
payment
schedule?
a) Fixed
premium
b) Indeterminate
premium
c) Flexible
premium
d) Initial
premium
, SIMPLE Plans b) At least 1,000 employees.
require all of the
following
EXCEPT
a) Employees
must receive a
minimum of
$5,000 in annual
compensation.
b) At least 1,000
employees.
c) No other
qualified plan
can be used.
d) No more than
100 employees/
Employer Are subject to vesting requirements
contributions
made to a
qualified plan
Producer Exam Questions And
Answers 100% Pass.
Save
Terms in this set (150)
A variable Contingent upon the profitability of
annuity has a the investment portfolio
payout that is
,Which of the c) Investment management fee
following would
be considered
the largest cost
incurred on the
value of a
variable
annuity?
a) the cost of
insurance
b) Mortality fee
c) Investment
management fee
d) Administrative
expenses
The two main Fixed and variable
categories of
policy loan
interest rates are
,Which of the c) Flexible premium
following types
of policies
would allow a
policyowner to
choose a
premium amount
payment
schedule?
a) Fixed
premium
b) Indeterminate
premium
c) Flexible
premium
d) Initial
premium
, SIMPLE Plans b) At least 1,000 employees.
require all of the
following
EXCEPT
a) Employees
must receive a
minimum of
$5,000 in annual
compensation.
b) At least 1,000
employees.
c) No other
qualified plan
can be used.
d) No more than
100 employees/
Employer Are subject to vesting requirements
contributions
made to a
qualified plan
