RBS EXAM QUESTIONS AND ANSWERS
COMPREHENSIVE TEST BANK COMPLETE
QUESTIONS AND ANSWERS PRACTICE
SOLUTION VERIFIED
◉ Pure or straight life. Answer: Which of the following annuity
benefit payment options would generate the highest monthly
payments to the contract owner upon annuitization?
◉ Paid-up additions
1-year term
Cash. Answer: All of the following are dividend options on a
participating life insurance policy:
◉ Insured. Answer: The person upon whose life an annuity is based is
known as the:
◉ Reduced paid-up. Answer: When a policyowner uses the cash value
in their policy to buy a lesser amount of permanent life insurance,
they have exercised which nonforfeiture option:
◉ Interest only. Answer: Which of the following life insurance
settlement options enables the beneficiary to conserve the proceeds of
a life insurance policy?
, ◉ The account value. Answer: In the case of a variable annuity sold to
a senior citizen in this state for which the owner has directed that the
premium be invested in the mutual funds underlying the contract
during the 30-day cancellation period, cancellation during that period
entitles the owner to a refund of:
◉ They are purchased by those who are worried about outliving their
savings.
They are not suitable as short term investments.
They may be used as a life insurance settlement option.. Answer: All
of the following are true regarding annuities
◉ Group (Life Insruance). Answer: Which of the following would not
be considered to be ordinary life insurance?
◉ They are not guaranteed
They are legally defined as a return of premium and are not taxable
They are paid out of the insurer's accumulated surplus. Answer: All of
the following are true regarding dividends paid by a mutual life
insurance company
COMPREHENSIVE TEST BANK COMPLETE
QUESTIONS AND ANSWERS PRACTICE
SOLUTION VERIFIED
◉ Pure or straight life. Answer: Which of the following annuity
benefit payment options would generate the highest monthly
payments to the contract owner upon annuitization?
◉ Paid-up additions
1-year term
Cash. Answer: All of the following are dividend options on a
participating life insurance policy:
◉ Insured. Answer: The person upon whose life an annuity is based is
known as the:
◉ Reduced paid-up. Answer: When a policyowner uses the cash value
in their policy to buy a lesser amount of permanent life insurance,
they have exercised which nonforfeiture option:
◉ Interest only. Answer: Which of the following life insurance
settlement options enables the beneficiary to conserve the proceeds of
a life insurance policy?
, ◉ The account value. Answer: In the case of a variable annuity sold to
a senior citizen in this state for which the owner has directed that the
premium be invested in the mutual funds underlying the contract
during the 30-day cancellation period, cancellation during that period
entitles the owner to a refund of:
◉ They are purchased by those who are worried about outliving their
savings.
They are not suitable as short term investments.
They may be used as a life insurance settlement option.. Answer: All
of the following are true regarding annuities
◉ Group (Life Insruance). Answer: Which of the following would not
be considered to be ordinary life insurance?
◉ They are not guaranteed
They are legally defined as a return of premium and are not taxable
They are paid out of the insurer's accumulated surplus. Answer: All of
the following are true regarding dividends paid by a mutual life
insurance company
