Florida Life Insurance State Exam Simulator Questions and Correct Answers

Florida Life Insurance State Exam Simulator Questions and Correct Answers Post-tax dollar contributions are found in Roth IRA investments N purchases an annuity by making payments in an amount no less than $100 quarterly. This describes which of the following annuities? Flexible installment deferred Q applied for life insurance and submitted the initial premium on January 1. The policy was issued February 1, but it was not delivered by the agent until February 7. Q is dissatisfied and returns the policy February 13. How will the insurer handle this situation? Policy was returned within the free look period, premium will be fully refunded Traditional individual retirement annuity distributions must start by April 1st of the year following the year the participant attains age 70 1/2 What is the underlying concept regarding level premiums? The early years are charged more than what is needed The fundamental reason for regulation of insurance is to protect consumers A policy of Adhesion can only be modified by the insurance company