Missouri Life Insurance Exa Qs&As

Missouri Life Insurance Exam Qs&As 401(k) Plan - ANSWER-A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment - ANSWER-Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner Accelerated Death Benefit - ANSWER-Policy provision that allows full or partial payment of the ...