California Life, Accident, and Health Insurance

California Life, Accident, and Health Insurance Final Exam Questions and Answers Already Passed 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 outlivin...

Final Exam: California Life, Accident, and Health Insurance 2022 with complete solution

California Life, Accident, And Health Insurance Exam Questions And Answers

What is an insurance solicitor authorized to do? - Help an agent or broker sell insurance According to the California Insurance Code, what is "insurance"? - A contract What does a Hospital Confinement indemnity policy pay for? - Pay a specified daily amount while the insured is confined to a hospital According to the California Insurance Code, how is the word "may" interpreted? - Permissive Which statement is CORRECT when describing a contract of adhesion? - Contract may be accep...

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 their financial resources What kind of annuity pays income to two annuitants unti...

California Life, Accident, and Health Insurance Final Exam (2024 – 2025) 100% Correct

California Life, Accident, And Health Insurance Final Exam (160 Questions) With Verified Answers

Final Exam: California Life, Accident, and Health Insurance (Grade A+) 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 out...

California Life, Accident, And Health Insurance Final Exam With 100% Correct Answers 2023