Deferred annuities Study guides, Class notes & Summaries

Primerica Life Insurance Exam | 2023/ 2024 Newly Updated!!! (Questions and 100% Verified Answers) 1. The annuity owner dies while the annuity is still in the accumulation stage. Which of the following is TRUE? Answer: The beneficiary will receive the greater of the money paid into the annuity or the cash value. 2. Which of the following best describes what the annuity period is? Answer: The period of time during which accumulated money is converted into income payments...

Ohio State Exam Life and Health Insurance Questions and Answers (2024 / 2025) (Verified Answers) Refund Life annuities - CORRECT ANSWER little risk. The insurance company promises to make a refund of the account balance if the auunitant dies before collecting it all Joint and Survivor Annuity - CORRECT ANSWER Pay survivor amount.. after first party dies usually reduced Joint lfie annuity - CORRECT ANSWER pay two people at the same time and payments stop entirely when the first part...

Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions Tax free savings account - ANSWER-Upon withdrawal from a ________, neither the principal deposit nor the income earned within the plan are treated as taxable income in the hands of the plan holder. Registered reti...

Life Insurance Final Exam Questions and Answers (2023 / 2024) (Verified Answers) A person who is in good health and does not drink nor smoke is considered a preferred risk Upon death of an annuitant during the accumulation period of a deferred annuity, the proceeds: Are taxable to the beneficiary above the annuitants cost basis Life insurance sold to fund a small partnership buy/sell agreement is also called Cross purchase plan Although excluded in the contract, a court may di...

LIFE PRODUCER EXAM (MI) QUESTIONS AND ANSWERS ALREADY PASSED Which of the following is NOT true regarding a Certificate of Authority? a)It may be necessary for transacting business in a specific state. b)It is equivalent to an insurance license. c)It is issued by the state department of insurance. d)It is issued to group insurance participants. d) It is issued to group insurance participants. Before insurers may transact business in a specific state, they must apply for a licen...

Life and Health Colorado Exam Questions and Answers 100% Pass PPO (Preferred Provider Organization) - Correct Answer ️️ -An arrangement under which a selected group of independent hospitals and medical practitioners, in a certain area, agree to provide services to subscribers at a prearranged cost. Fraternal Benefit Societies - Correct Answer ️️ -Fraternal benefit societies are primarily social organizations that engage in charitable and benevolent activities that can provide life...

"Constructive Receipt" is normally applicable to the tax treatment of... : Non-Qualified Deferred Compensation Plans Non-Qualified Deferred Compensation : TCHRA: Compensation that is not immediately taxable. It does not qualify under ERISA for tax exemption. Taxation occurs once the individual receives the compensation or "property" A 1035 exchange refers to a tax free exchange of... : Annuities 1035 Exchange : IRS allows tax-free transfer of cash values between 2 LIKE policies (i...

1. The adjustment that insurers make to the cash value account in a universal life policy each time a payment is made includes all of the following EXCEPT- ANS Subtract the policy surrender changes 2. The cost of employer-provided group life insurance above $50,000 is ANS Tax- able as income to the employee 3. The conversion privilege allows a terminating employee to convert ANS Term insurance into permanent insurance 4. The accidental death benefit rider is also known as ANS Double ind...

4-Hour Annuity Suitability and Best Interest StandardsWhat is the primary difference between fixed and variable annuities? a. the frequency of the product's premium payments b. the option for annuitization c. the ways in which their funds are invested for growth d. provisions for death benefits - correct answer c. the ways in which their funds are invested for growth; The primary distinction between fixed and variable annuities is how their funds are invested and how the funds grow. T/F:...

CTFA - Practice Exam #1 Questions & Answers 2024 "Constructive Receipt" is normally applicable to the tax treatment of... - ANSWER-Non-Qualified Deferred Compensation Plans Non-Qualified Deferred Compensation - ANSWER-TCHRA: Compensation that is not immediately taxable. It does not qualify under ERISA for tax exemption. Taxation occurs once the individual receives the compensation or "property" A 1035 exchange refers to a tax free exchange of... - ANSWER-Annuities 1035 Exchange...