To avoid tax consequences, a rollover from a Traditional IRA to another IRA MUST be done within
An annuitant dies during the accumulation period. What happens to the cash value in the annuity?
If an agent does NOT send a refund to a policyholder within an expectable time frame, the agent may
Which of the following statements BEST describes a single premium cash value policy?
An Insured owns a whole life policy that has accumulated cash value. Which of the following statements Is true about the policy's cash value?
In Ohio, an agent must be appointed by the Insurer within how many days from the date the agency contract Is executed, or the first Insurance application Is submitted?
Rob, Joe, and Mike are brothers who have a $60,000 "first-to-die" Joint life policy covering all three of their lives. If Joe dies first, the policy proceeds
Under the children's term rider, what occurs when a child reaches the specified age? He or she
After a request has been received for verification of coverage from a viatical settlement provider, an insurance company authorized to do business shall respond within:
Which rider would allow additional insurance to be purchased at specified dates or events, without additional underwriting?
What law do all Insurers and their agents need to comply with In regards to Information being obtained from a third party concerning the applicant?
Which Is the name of the policy that combines a universal life policy with investment choices?
Extended term Insurance can be selected under which whole life policy provision?
A modified endowment contract (MEC) receives different tax treatment on pre-death distributions than other life Insurance policies because the modified endowment policy
At what age can an Individual begin to receive distributions from an IRA without a tax penalty?
Without written consent, a policyowner CANNOT change the beneficiary If he has named
An Individual buys an annuity that will pay her spouse an income for 20 years. If the spouse dies within that time, the Income will be paid to their children for the remainder of the period. What kind of annuity did the Insured buy?
Which of the following policies allows the policyowner to change two policy features?
A policyowner may choose to have his/her life insurance policy dividends do all of the following EXCEPT
When a beneficiary Inherits a traditional IRA, which of the following Is TRUE about taxation when the money is withdrawn? The beneficiary pays
TESTED 24 Nov 2024
