Online Access Free Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Questions

Which amount may be deposited into a rollover individual retirement account (IRA) for the purpose of deferring income taxes?

• A.The refund received by the beneficiary under a refund life annuity
• B.The value of an IRA established by the beneficiary's deceased parent
• C.The amount paid to the spouse of a deceased annuitant under a tax-sheltered annuity
• D.The proceeds of a life insurance policy paid to a beneficiary under age 70-1/2

When a wage earner dies, the surviving family members may have all of the following expenses EXCEPT:

• A.Family living expenses
• B.Final expenses
• C.Unemployment tax liabilities
• D.Death taxes

Which contract offers flexible deposits, deferred taxation, a guaranteed minimum interest rate, and death proceeds equal to the cash value?

• A.An adjustable whole life insurance policy
• B.A universal life insurance policy
• C.Available deferred annuity
• D.A flexible premium fixed annuity

A company's universal life insurance policy must disclose the:

• A.Availability of riders
• B.Meaning of a corridor
• C.Maximum face amount an individual can purchase
• D.Surrender charges of the policy

How does the payment of an accelerated benefit affect a life insurance policy?

• A.It decreases the death benefit.
• B.It decreases the grace period.
• C.It increases the policy premium.
• D.It increases the cash value.