- Study guides, Class notes & Summaries

How does a misstatement of age affect the payout of a life insurance policy upon the policyholder's death? The insurer will increase the payout amount due to the misstatement. The insurer will pay the full face amount regardless of the misstatement. The insurer will pay less than the face amount due to the misstatement. The insurer will void the policy entirely. 2. What type of laws are violated when insurance is purchased under duress from the producer? Unfair trade practice laws Contr...

Regulations for variable insurance contracts are set by all of the following EXCEPT Securities and Exchange Commission Department of Insurance State securities authorities State attorney general's office - State attorney general's office Which of the following is associated with an immediate annuity? Tax-free benefit payments Installment premium payments Lack of an accumulation period Lump-sum benefit - Lack of an accumulation period Which of these factors does NOT influence an indiv...

Regulations for variable insurance contracts are set by all of the following EXCEPT Securities and Exchange Commission Department of Insurance State securities authorities State attorney general's office - State attorney general's office Which of the following is associated with an immediate annuity? Tax-free benefit payments Installment premium payments Lack of an accumulation period Lump-sum benefit - Lack of an accumulation period Which of these factors does NOT influence an indiv...