age 1 of 152
SOCCER ACTUAL EXAM 2025/2026 ACCURATE
QUESTIONS WITH CORRECT DETAILED ANSWERS ||
100% GUARANTEED PASS <RECENT VERSION>
Jane works for a company that allows employee contributions
under a 401(k) plan. When will Jane become fully vested in her
plan contributions? .......Answer.........immediately//While
employer contributions to a qualified plan can be subject to a
vesting schedule, participants are always fully vested in their
own contributions.
Agents must act in the best interests of applicants and insureds.
What does this require them to do? .......Answer.........give all
important information about a proposed policy//Agents must
act in the applicant's or insured's best interests at all times. This
means that agents must give all important information about a
,age 2 of 152
proposed policy. Also, they cannot misrepresent the terms or
conditions of a proposed policy.
What does a viatical settlement allow? .......Answer.........It allows
a chronically or terminally ill insured to gain a sum of money that
is needed to pay medical expenses or to enhance the quality of
life.//A viatical settlement allows a chronically or terminally ill
insured to gain a sum of money that might be needed to pay
medical expenses or to enhance quality of life.
If an employer/employee group offers group life insurance on a
contributory basis, what percentage of the group must enroll?
.......Answer.........At least 75 percent of the group must enroll in
the plan//If an employer/employee group life insurance plan is
contributory, 75 percent of the group must enroll in the plan. If
the plan is non-contributory, 100 percent of the group must
enroll.
,age 3 of 152
Which of the following is NOT a life insurance premium?
.......Answer.........competitors' rates//Actuaries base life insurance
premiums on three basic factors: mortality (a charge), interest (a
credit), and expenses (a charge).
In calculating their mortality charges, life insurers today
generally use: .......Answer.........the 2001 CSO table//The
mortality factor is drawn from mortality statistics compiled by
the National Association of Insurance Commissioners (NAIC) into
a set of rates called the Commissioners Standard Ordinary
(CSO) table. Policies issued since 2009 are required to base
their mortality charges on the 2001 CSO table.
All of the following are standard life insurance policy
nonforfeiture options EXCEPT: .......Answer.........accumulate at
interest option//This is a policy dividend option in which
, age 4 of 152
declared dividends are left with the insurer to accumulate
interest on the policyowner's behalf.
Which of the following most correctly describes the nonforfeiture
option(s) available with universal life insurance?
.......Answer.........surrender the policy for its cash value or stop
paying premiums and continue coverage as long as the cash
value will support it//Universal life policies do not contain the
standard nonforfeiture options. Instead, the policyowner can
either surrender the policy for its cash value or continue
coverage with no further premium payments, in which case
coverage will last for as long as the cash value is able to
support the policy's monthly mortality and expense charge
deductions.
James wants to convert his $150,000 traditional IRA to a Roth
IRA. What best describes the tax treatment for the Roth
SOCCER ACTUAL EXAM 2025/2026 ACCURATE
QUESTIONS WITH CORRECT DETAILED ANSWERS ||
100% GUARANTEED PASS <RECENT VERSION>
Jane works for a company that allows employee contributions
under a 401(k) plan. When will Jane become fully vested in her
plan contributions? .......Answer.........immediately//While
employer contributions to a qualified plan can be subject to a
vesting schedule, participants are always fully vested in their
own contributions.
Agents must act in the best interests of applicants and insureds.
What does this require them to do? .......Answer.........give all
important information about a proposed policy//Agents must
act in the applicant's or insured's best interests at all times. This
means that agents must give all important information about a
,age 2 of 152
proposed policy. Also, they cannot misrepresent the terms or
conditions of a proposed policy.
What does a viatical settlement allow? .......Answer.........It allows
a chronically or terminally ill insured to gain a sum of money that
is needed to pay medical expenses or to enhance the quality of
life.//A viatical settlement allows a chronically or terminally ill
insured to gain a sum of money that might be needed to pay
medical expenses or to enhance quality of life.
If an employer/employee group offers group life insurance on a
contributory basis, what percentage of the group must enroll?
.......Answer.........At least 75 percent of the group must enroll in
the plan//If an employer/employee group life insurance plan is
contributory, 75 percent of the group must enroll in the plan. If
the plan is non-contributory, 100 percent of the group must
enroll.
,age 3 of 152
Which of the following is NOT a life insurance premium?
.......Answer.........competitors' rates//Actuaries base life insurance
premiums on three basic factors: mortality (a charge), interest (a
credit), and expenses (a charge).
In calculating their mortality charges, life insurers today
generally use: .......Answer.........the 2001 CSO table//The
mortality factor is drawn from mortality statistics compiled by
the National Association of Insurance Commissioners (NAIC) into
a set of rates called the Commissioners Standard Ordinary
(CSO) table. Policies issued since 2009 are required to base
their mortality charges on the 2001 CSO table.
All of the following are standard life insurance policy
nonforfeiture options EXCEPT: .......Answer.........accumulate at
interest option//This is a policy dividend option in which
, age 4 of 152
declared dividends are left with the insurer to accumulate
interest on the policyowner's behalf.
Which of the following most correctly describes the nonforfeiture
option(s) available with universal life insurance?
.......Answer.........surrender the policy for its cash value or stop
paying premiums and continue coverage as long as the cash
value will support it//Universal life policies do not contain the
standard nonforfeiture options. Instead, the policyowner can
either surrender the policy for its cash value or continue
coverage with no further premium payments, in which case
coverage will last for as long as the cash value is able to
support the policy's monthly mortality and expense charge
deductions.
James wants to convert his $150,000 traditional IRA to a Roth
IRA. What best describes the tax treatment for the Roth
