Annuity agent training Study guides, Class notes & Summaries

AML Exam (CE) Questions and Answers 2023 1. The information an insurance agent must collect for customer identification purposes depends on a. the amount of money the customer is worth. b. The amount of money the customer spends. c. whether the insurance product the customer is purchasing at a low or high risk for money laundering. d. the size and resources of the insurance company. c. Whether the insurance product under consideration is at a low or high risk for money laundering 2....

Annuity Agent TrainingChapter 1 Review Questions - correct answer 1. Which of the following influenced insurers to introduce variable annuities? I. the post-war economic boom II. consumers' experience with mutual funds III. consumer demand a. I and II only b. I and III only c. II and III only d. I, II, and III - correct answer 1. d. d. I, II, and III I. the post-war economic boom II. consumers' experience with mutual funds III. consumer demand

ANNUITY AGENT TRAINING CALIFORNIA 8-HOUR INSURANCE CE 2023 (WHICH OF THE FOLLOWING INFLUENCED INSURERS TO INTRODUCE VARIABLE ANNUITIES)

People that work in funeral service in Texas must hold what type of license to sell funeral or burial insurance? - Answer- "Limited" Funeral Prearrangement Life License or "Full" Texas Legal Reserve Life Agent license For the purpose of this training course, the following terms will be used interchangeably to refer to the same process: prepaid, prearrangement and - Answer- preneed Insurance products which may be used to fund funeral prearrangement contracts must be approved by the - An...

Brad is an agent working with a large general agency. He has just saw a very large life insurance policy to a client who is later discovered to be part of a terrorist network. And restaurant back to the same of this life policy could be viewed as which of the following - Answer - Placement All of the following are descriptive of the anti-money laundering program required by the regulation except - Answer - One size fits all The purpose of which of the following components of the AML progra...

Annuity Agent Training questions and answers A+ score assured 2024/2025

Preneed Prep Exam Prep Questions With Complete Solutions Latest Updated 2024/2025 (100% CORRECT)Joint Memorandum - Who What When Why - Answer- Who: DOB, FSC, TDI What: A joint agreement that established specific area of responsibilities for prepaid funeral svc . When: 1995 Why : its creation was mandated by the Texas Civil Statutes What is a preneed Funeral contract - Answer- Any written contract of agreement, funded by an insurance policy, annuity contract or trust deposit, for the p...

Maryland Life and Health Insurance Practice Exam Questions and Answers Graded A+ The contractual rights which allow the owner of a deferred annuity to surrender the cash value several years before the annuity date are called - Correct Answer ️️ - Nonforfeiture Options How many days does the ACA require insurers to give before rescinding coverage? - Correct Answer ️️ -30 Under an adjustable life insurance policy, these may be changed without further writing - Correct Answer ️️...

Preneed Exam Prep Questions With Complete Solutions Latest Updated 2024/2025 (100% CORRECT) Joint Memorandum - Who What When Why - Answer- Who: DOB, FSC, TDI What: A joint agreement that established specific area of responsibilities for prepaid funeral svc . When: 1995 Why : its creation was mandated by the Texas Civil Statutes What is a preneed Funeral contract - Answer- Any written contract of agreement, funded by an insurance policy, annuity contract or trust deposit, for the purpo...

Process 2103 (d-i) - 1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sub-licensee must be 18 years of age or older at the time of issuance of such license. The person must submit to and pass a written examination required by the Superintendent. Producer Defin...