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FInal Exam: California Life, Accident, and Health Insurance All Answers Correct What distinguishes a deferred annuity from an immediate annuity? The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? 60 payments What is a common reason people purchase an annuity? To protect against the risk of outliving th...

What distinguishes a deferred annuity from an immediate annuity? - ANSWER The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - ANSWER 60 payments What is a common reason people purchase an annuity? - ANSWER To protect against the risk of outliving their financial resources What kind of annuity p...

California Life, Accident, and Health Insurance questions and answers latest [100% correct answers]

Final Exam: California Life, Accident, and Health Insurance What is considered the most common type of specified disease insurance policy? Cancer Minimum participation standards exist for a group health insurance plans in order to Prevent Adverse Selection How does underwriting differ between group life and individual life insurance? Medical questions must be answered on individual life insurance when handling premiums for an insured an agent is acting in which capacity? Fiduciary what ...

California Life, Accident, and Health Insurance questions and answers latest [100% correct answers]

Final Exam: California Life, Accident, and Health Insurance What is considered the most common type of specified disease insurance policy? Cancer Minimum participation standards exist for a group health insurance plans in order to Prevent Adverse Selection How does underwriting differ between group life and individual life insurance? Medical questions must be answered on individual life insurance when handling premiums for an insured an agent is acting in which capacity? Fiduciary what ...

FInal Exam: California Life, Accident and Health Insurance Questions and Answers Solved 100% Correct!!

What distinguishes a deferred annuity from an immediate annuity? - Answer-The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - Answer-60 payments What is a common reason people purchase an annuity? - Answer-To protect against the risk of outliving their financial resources What kind of annuity pays income to ...