ANSWERS 2025 -2026
WhichDannuityDsettlementDoptionDprovidesDaDstatedDmonthlyDamountDtoDtheDannuitantDandDuponDtheDan
nuitant?sDdeathDtheDsameDorDaDlesserDamountDpaidDforDtheDlifetimeDofDtheDsurvivor?D-
DCORRECTDANSWERSJointDandDsurvivorshipDoption
JointDandDsurvivorshipDoptionD-DCORRECTDANSWERSItDhasDaDguaranteedDminimumDinterestDrate.
WhichDofDtheDfollowingDisDTRUEDforDaDflexibleDpremiumDannuity?D-
DCORRECTDANSWERSTheDpurchaserDhasDtheDoptionDtoDvaryDtheDamountDofDeachDpremiumDpaymentDfallin
gDbetweenDaDminimumDandDmaximumDamount.
WhichDofDtheDfollowingDlistsDtheDthreeDcommonDtypesDofDpermanentDindividualDlifeDinsurance?D-
DCORRECTDANSWERSVariableDLife,DWholeDLife,DUniversalDLife
WhichDofDtheDfollowingDisDTRUEDofDtheDlimitedDpayDwholeDlifeDpolicy?D-
DCORRECTDANSWERSCoverageDcontinuesDafterDtheDpolicyDisDpaid-up.
WhichDofDtheDfollowingDtermDinsuranceDtypesDprovidesDtemporaryDprotectionDthatDcanDbeDchangedDtoDso
meDtypeDofDpermanentDprotectionDwithoutDevidenceDofDinsurability?D-DCORRECTDANSWERSconvertible
WhichDpolicyDtypeDisDbackedDbyDequityDinvestmentsDandDallowsDtheDpolicyholderDtoDadjustDtheDdeathDben
efit?D-DCORRECTDANSWERSvariableDuniversalDlife
WhichDwholeDlifeDpolicyDpremiumDtypeDisDtheDmostDcommon?D-DCORRECTDANSWERScontinuousDpremium
CurrentDassumptionDwholeDlifeDpoliciesDareDsensitiveDtoDwhichDofDtheDfollowing?D-
DCORRECTDANSWERSinterestDrates
, InDaDlevelDtermDlifeDpolicy,DwhichDALWAYSDremainsDconstant?D-DCORRECTDANSWERSdeathDbenefit
WhichDofDtheDfollowingDisDcommonDinDanDincreasingDtermDlifeDpolicy?D-
DCORRECTDANSWERSItDbeginsDwithDlittleDorDnoDinsuranceDprotection.
WhichDtypeDofDannuityDattemptsDtoDoffsetDinflationDbyDprovidingDaDbenefitDlinkedDtoDanDunderlyingDinvest
mentDaccount?D-DCORRECTDANSWERSvariable
GroupDAD&DDpoliciesDmayDbeDdeductedDbyDwhomDandDunderDwhichDdeductionDcategory?D-
DCORRECTDANSWERStheDemployerDunderDbusinessDexpenses
InDorderDtoDAVOIDDbeingDclassifiedDasDanDMEC,DaDpolicyDmustDpassDwhichDofDtheDfollowing?D-
DCORRECTDANSWERSseven-payDtest
WhyDisDrelyingDsolelyDonDemployerDgroupDlifeDinsuranceDgenerallyDconsideredDinadequateDforDmostDindivi
dual'sDneeds?D-DCORRECTDANSWERSItDisDfinanciallyDinsufficientDtoDcoverDendDofDlifeDexpenses.
WhichDofDtheDfollowingDisDcharacteristicDofDaDnonqualifiedDplan?D-
DCORRECTDANSWERSplanDdoesDnotDmeetDfederalDguidelinesDforDtaxDbenefits
TheDgroupDconversionDoptionDisDallowedDforDallDofDtheDfollowingDEXCEPTD-
DCORRECTDANSWERSduringDtheDannualDbenefitsDenrollmentDperiod.
AllDofDtheDfollowingDareDtaxDqualifiedDretirementDplansDEXCEPTD-DCORRECTDANSWERSSectionD529Dplan
WhatDtypeDofDinsuranceDshouldDaDcompanyDpurchaseDifDitDwantsDtoDinsureDtheDlifeDofDitsDCEO?D-
DCORRECTDANSWERSkeyDpersonDinsurance