CA LIFE INSURANCE EXAM WITH VERIFIED ANSWERS CA LIFE INSURANCE FINAL EXAM TEST 2023/2024 CALIFORNIA CA LIFE INSURANCE STATE EXAM SIMULATOR (QUESTIONS AND ANSWERS)2023/2024 CA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS LATEST FINAL EXAM CALIFORNIA CA LIFE, ACCIDENT, AND HEALTH INSURANCE (100% SCORES)...
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What is meant by referring to an insurance policy as a unilateral contract? - ANSWER - Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - ANSWER - At all times. Any situation tha...
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Add to cartWhat is meant by referring to an insurance policy as a unilateral contract? - ANSWER - Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - ANSWER - At all times. Any situation tha...
AN ANNUITY THAT IS PURCHASED WITH A LUMP SUM PREMIUM AND WHOSE BENEFITS BEGIN AFTER 12 MONTHS IS CALLED A - ANSWER - SINGLE PREMIUM DEFERRED ANNUITY A TECHNIQUE USED TO DETERMINE THE AMOUNT OF LIFE INSURANCE NEEDED BY FOCUSING ON THE PROJECTED EARNING POTENTIAL OF AN INSURED IS CALLED THE - ANS...
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Add to cartAN ANNUITY THAT IS PURCHASED WITH A LUMP SUM PREMIUM AND WHOSE BENEFITS BEGIN AFTER 12 MONTHS IS CALLED A - ANSWER - SINGLE PREMIUM DEFERRED ANNUITY A TECHNIQUE USED TO DETERMINE THE AMOUNT OF LIFE INSURANCE NEEDED BY FOCUSING ON THE PROJECTED EARNING POTENTIAL OF AN INSURED IS CALLED THE - ANS...
A key person is typically all of the following, except: - ANSWER - -Not directly involved in sales, production, or service Key persons are employees whose contributions have a significant impact on the revenue and profitability of the company, especially in small businesses. They are typically:...
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Add to cartA key person is typically all of the following, except: - ANSWER - -Not directly involved in sales, production, or service Key persons are employees whose contributions have a significant impact on the revenue and profitability of the company, especially in small businesses. They are typically:...
Employer-provided group term life insurance is exempt from income taxation up to - ANSWER - $50,000 Medicare Part B has an initial enrollment period. How many months after an individual's 65th birthday month does this enrollment period end? - ANSWER - 3 months Which statement is true rega...
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Add to cartEmployer-provided group term life insurance is exempt from income taxation up to - ANSWER - $50,000 Medicare Part B has an initial enrollment period. How many months after an individual's 65th birthday month does this enrollment period end? - ANSWER - 3 months Which statement is true rega...
What is insurance? - ANSWER - Insurance is the legal contract where two parties agree that if something will happen, a value will be exchanged. What's the difference between pure risk and speculative risk? - ANSWER - Pure risk is when you'll lose it all or there will be no change. Speculati...
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Add to cartWhat is insurance? - ANSWER - Insurance is the legal contract where two parties agree that if something will happen, a value will be exchanged. What's the difference between pure risk and speculative risk? - ANSWER - Pure risk is when you'll lose it all or there will be no change. Speculati...
What distinguishes a deferred annuity from an immediate annuity? - CORRECT ANSWER - The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make...
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Add to cartWhat distinguishes a deferred annuity from an immediate annuity? - CORRECT ANSWER - The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make...
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