Question
19. A life insurance policy beneficiarys life expectancy has a direct bearing upon: The policy value that will be includable in the insureds estate The
19. A life insurance policy beneficiarys life expectancy has a direct bearing upon:
The policy value that will be includable in the insureds estate
The taxable portion of each benefit payment under a life income settlement option
The total amount payable under the policy as a result of the insured's death
The premium rate for each $1,000 of face amount
9. When life insurance is provided by an executive bonus plan, the employer:
Is the owner of the policy
Maintains the policy in a qualified plan
Is the beneficiary of the policy
Provides the funds to pay the premium
24.One possible advantage offered by a single premium whole life insurance policy, as compared to a continuous premium whole life insurance policy is that:
The premium is payable through automatic monthly check drafts.
The premium remains constant year after year.
The policy normally matures during the insureds lifetime
The policy has cash value immediately when coverage takes effect
23. According to the level premium concept in life insurance:
The premium amount increases at a level rate throughout the policy period.
The policyowner pays the same premium amount throughout the policy period.
The premium amount decreases at a level rate throughout the policy period.
The policyowner's level of protection increases with each premium payment.
28. What is affected by the index feature of equity indexed life insurance policies?
The cash value
The dividend
The face amount
The premium refund
14.Who receives the refund payable under a refund life annuity?
The annuitant
The owner
The beneficiary
The nominator
32.A juvenile life insurance policy is:
Designed to insure the lives of a juveniles parents
Available only for children who are less than five years old
A life insurance policy that insures the life of a minor
Available only as decreasing term insurance for a minor
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