At what age can she begin to receive distributions without a tax penalty? Which type of disability would be less than total impairment and equal to permanent impairment? Determines what is paid by the primary and secondary insurers in the event of a claim, A producer has recently died and leaves behind a spouse. D. Willfullycollecting a premium that exceeds the amount of the actual premium. The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to asA)twistingB)subrogationC)a life settlementD) coercion. What is the purpose of having an accelerated death benefit on a life insurance policy? _____ is NOT an element of valid contract, The automatic premium loan provision authorizes an insurer to withdraw from a policy's cash value at the amount of, Past due premiums that have not been paid by the end of the grace period. Tara the producer is delivering a specified disease insurance policy to a new policyowner. what happened to amy bailey happy healthy humble . a producers secretary who solicits prospects on the telephone Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. What is created after policy proceeds areobtained in a lump sum and then immediately invested? Whichmarket index is normally associated with an indexed annuitys rate of return? Healthinsurance will typically cover which of the following perils? What amount will be paid under a policy where the insured misstated his/her age? Fundingfor Medicare Part B is Partially provided by. Which of the following is a reinstatement condition? There is protection of proceeds against the insured's and the beneficiary's creditors, Susan is insured through her Group Health Insurance plan and changed her coverage to an individual plan with the same insurer after her employment was terminated. This is an unlawful practice known as, must be delivered with or prior to policy delivery. Proof of loss on a health insurance claim must be submitted to an insurer within _____ days after the insure's date of loss. If Jay were to receive a fee for this advice (in addition to his commission), he MUST, Obtain a signed memorandum from the prospect acknowledging the amount of compensation. A hospital or medical expense policy will typically cover dental treatment expenses under which circumstance? Re: Acting as insurance producer without a license Questions Presented 1. Any decrease in income resulting from this injury would make him eligible for benefits under which provision? A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. Which of the following is an example of fraud? c. Solve the equation f(x)=0, if possible. The family's financial objectives if the income earner were to die or become disabled, Normally at any time during the policy term, Loans obtained by a policyowner against the cash value of a life insurance policy, The solicitation of a non-authorized contact in New Jersey violates. If the company debited Accounts Receivable and credited Sales for $600,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year? Which of the following would be the appropriate tax consequence? You are here: how to remove chicken giblets a producers secretary who solicits prospects on the telephone.