Question 33 remaining answers

c) date of application

d) date that insurer issues the policy

30 Which of the following annuities would BEST suit the needs of a 35 year old factory worker who is concerned about inflation and wants to establish a retirement plan? a) A single premium deferred annuity b) A single premium immediate annuity c) A level premium fixed annuity d) A flexible premium variable annuity 31 Which of the following group life plans requires at least 75 percent of the eligible members to participate a) Contributory b) Noncontributory c) Participating d) Nonparticipating 32 A contract that promises to pay an income to an insured until his her death is called a) Family Income b) Modified Endowment c) Survivorship Life d) Life Annuity 33 In life insurance, the free look provision begins on the: a) Effective date of coverage b) Policy delivery date