UPDATE AND CORRECT DETAILED ANSWERS
RATED A+
WhatSkindSofSretirementSplanScanSaS75-employeeSforSprofitScorporationSestablish?S-
SCORRECTSANSWERSSimpleSIRA
TheStaxableSportionSofSaSmonthlySincomeSbenefitSpaidSduringStheSannuitySphaseSfromSaSnonqualifi
edSannuitySisScalculatedSusingStheS-SCORRECTSANSWERSExclusionSratio
UnfairSclaimsSsettlementSmethodsSandSpracticesSbySanSinsuranceScompanySincludeSallSofStheSfollo
wingSactsSEXCEPTS-
SCORRECTSANSWERSfailureStoSpaySallSclaimsSthatSareSreportedSwithinS90SdaysSafterSaSlossSoccurs
TheSsettlementSoptionSthatSallowsSproceedsStoSremainSwithStheSinsurerSandStheSearningsStoSbeSpai
dStoStheSbeneficiarySonSaSmonthlySbasisSisScalledS-SCORRECTSANSWERSInterestSonly
RegulationsSonSlifeSinsuranceSadvertisingSapplyStoSwhichSofStheSfollowingSinsuranceScompanySmat
erials?S-
SCORRECTSANSWERSASradioScommercialSthatSpromotesStheSbenefitsSofSaSspecificScompany'sSlifeSin
suranceSproducts
AnSinsuranceScompanySmayScontestSaSlifeSpolicySwithinSaSMAXIMUMSofShowSmanySyearsSafterStheS
policy'sSeffectiveSdate?S-SCORRECTSANSWERS2
AllSofStheSfollowingSfactorsSareSusedSinSlifeSinsuranceSpremiumSdeterminationSEXCEPTS-
SCORRECTSANSWERSMorbidity
, TheSauthorizationSusedStoSobtainStheSapplicant'sSmedicalSinformationSthatSwillSbeSusedSbyStheSinsu
rerSforStheSprimarySpurposeSofSdeterminingSeligibilitySmustSinclude:S-
SCORRECTSANSWERStheStimeSframeSinSwhichStheSinsurerSmustSreleaseStheSeligibilitySdecisionStoSth
eSagent
AnSintermediarySwhoSomitsSinformationSonSanSinsuranceSapplicationSwithoutStheSapplicant'sSkno
wledgeSandSsubmitsStheSapplicationStoStheSinsurerSmaySbeSguiltySof:S-
SCORRECTSANSWERSMisrepresentation
DividendsSareSNOTSsubjectStoStaxationSbecauseS-
SCORRECTSANSWERSPayingSdividendsSisSequivalentStoSreturningSaSpremium
TheSXYZSInsuranceSCompanyScancelsSanSintermediary'sScontract.SXYZScouldSbeSboundSbyStheSinter
mediary'sSlaterSactsSifSit:S-
SCORRECTSANSWERSContinuesStoSpayStheSintermediarySdeferredScommissions
WhichSofStheSfollowingSproductsSisSdesignedStoSpaySbenefitsSthatScanSprovideSaSstreamSofSretireme
ntSincomeStoStheSpurchaser?S-SCORRECTSANSWERStax-deferredSgrowth
WhichSofStheSfollowingSguaranteesSthatStheSannuitantSCANNOTSoutliveStheirSbenefits?S-
SCORRECTSANSWERSGuaranteedSlifetimeSwithdrawalSbenefit
WhichSofStheSfollowingSstatementsSisSCORRECTSaboutSanSinsured'sSfailureStoSreportSaSclaimSinSaStim
elySmannerSbasedSonStheSadviceSofSanSintermediary?S-
SCORRECTSANSWERSItSdoesSnotSaffectStheSinsuranceScompany'sSobligations
InSWisconsin,SanS"intermediary"SisSdefinedSasSaSrepresentativeSof:S-SCORRECTSANSWERSASSolicitor
AllSofStheSfollowingSstatementsSregardingSaSgroupSannuitySareScorrectSEXCEPTS-
SCORRECTSANSWERSEachSemployeeSsignsSandSreceivesSanSindividualScontract