AZLife 1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| show | C) Overhead expense
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| If a policyowner cash surrenders a life insurance policy, the insurer could assess a surrender charge? T/F | show 🗑
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| show | Participating
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| show | True
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| Key Person Insurance insures teh employee's retirement plan. T/F | show 🗑
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| Kathryn's employer is both the owner and beneficiary of her Key Employee policy. What percentage of the premium will Karen, the owner, be allowed to deduct at tax time for business expense? | show 🗑
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| What is one of the greatest differences between group and individual life insurance policies? | show 🗑
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| Who is not considered when computing the Emergency Reserve Fund for the family when doing a Needs Analysis? | show 🗑
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| show | C
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| Which of the following is a type of a Buy-Sell Agreement funded by life insurance? A) Entity Proceeds. B) Cross Purchase. C) Key Person Coverage | show 🗑
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| All of the following are types of a Buy-Sell Agreement, except: A) Entity Cross Purchase Plan. B) Cross Purchase Plan. C)Entity Plan. | show 🗑
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| show | True
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Created by:
tgassie
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