2.Snapshots.Types of Life Policies Flashcards
1
Q
- What are the characteristics of term life insurance?
A
2
Q
- What is annually renewable term insurance?
A
3
Q
- What are the characteristics of whole life insurance?
A
4
Q
- How does continuous premium straight life differ from 20-year limited pay life?
A
5
Q
- What are the death benefit options in universal life policies?
A
6
Q
- Which authorities regulate variable life policies?
A
7
Q
- What qualifications must an individual obtain prior to selling variable life insurance products?
A
8
Q
- How do annuities differ from life insurance policies?
A
9
Q
- Who has all of the rights in an annuity contract?
A
10
Q
- What happens to the benefit if the annuitant dies during the accumulation period?
A
11
Q
- An annuity has 2 distinct periods. What are they called, and what happens during each?
A
12
Q
- What are the 2 premium payment options in annuities?
A
13
Q
- How does inflation affect the purchasing power of a fixed annuity?
A
14
Q
- How soon can payments begin in a deferred annuity?
A
15
Q
- How long will a life annuity with 15-year period certain pay benefits?
A
