All of the following statements are true regarding installments for a fixed amount EXCEPT

A. This option pays a specific amount until the funds are exhausted

B. The annuitant may select how big the payments will be

C. The payments will stop when the annuitant dies

D. Value of the account and future earnings will determine the time period for the benefits

Answer: C. The payments will stop when the annuitant dies

Annuities

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The pro rata liability clause is designed to protect the principle of
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A domestic insurer issuing variable contracts must establish one or more
All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT
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A beneficiary change can occur
No existing agent's license will be revoked until
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Ambiguities in an insurance policy are always resolved in favor of the
In an insurance contract, the applicant's "consideration" is the
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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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All of the following statements are true regarding installments for a fixed amount EXCEPT
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Which of the following statements about accumulated interest earned on dividends from an insurance policy is TRUE?
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The pro rata liability clause is designed to protect the principle of
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All of the following are elements of an insurance policy EXCEPT
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Who is responsible for assembling the policy forms for insureds?
Life income joint and survivor settlement option guarantees
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Which of the following is NOT true regarding the accumulation period of an annuity?
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The requirement that agents not commingle insurance monies with their own funds is known as
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What is the other term for the cash payment settlement option?
What documentation grants express authority to an agent?

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