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life insurance

This class was created by Brainscape user Stephan Romero. Visit their profile to learn more about the creator.

By: Stephan Romero
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Decks in this class (21)

2 Life Insurance Basics
Beneficiary,
Death benefit,
Cash value
118  cards
2 Exam Cards
What are the three main instances...,
Life insurance may be used to pay...,
What type of life insurance offer...
34  cards
2 Video
Who is the beneficiary,
What are major reasons people pur...,
Explain survivor protection
42  cards
3.0 Types of Life Policies
All life insurance policies fall ...,
Term insurance or pure life insur...,
Term insurance provides pure deat...
50  cards
3 Exam Flash Cards
What are the death benefit option...,
When the amount of insurance is i...,
What type of life insurance is be...
50  cards
3.1 Terms
Attained age,
Cash value,
Deferred
12  cards
4.0 Life Policy Provisions, Riders, and Options Flash
The entire contract is composed o...,
The insuring clause,
List the standard provisions
68  cards
4.1 Terms
Activities of daily living adls,
Assignments,
Contingent beneficiary
10  cards
4.2 Exam Flash Cards
What happens to a policies cash v...,
What nonforfeiture option is auto...,
Beneficiary next in line after th...
45  cards
5.0 Annuities Basics
Annuity,
Life contingency,
Irs what would do they do
32  cards
5.1 Annuities Flash
How are annuities classified depe...,
How long will a life annuity with...,
Who receives income payments from...
35  cards
5.2 Annuities Terms
Deferred,
Irs,
Life contingency
62  cards
6.0 Federal Tax Consideration for Life Insurance
Earned income,
Gross income,
Fifo first in first out
19  cards
6.1 Federal Tax Consideration for Life Insurance Flash
When would life insurance policy ...,
Why are dividends in life insuran...,
What is the name of an overfunded...
11  cards
6.2 Chapter Recap
Policy loans from the cash value ...,
Lump sum cash payment of life pol...,
In settlement options the princip...
15  cards
7.1 Insurance Regulations Flash
What illegal act does a producer ...,
Who must be notified of a produce...,
Who is considered a nonresident a...
24  cards
7.2 Chapter Recap Only
Commissioner of insurance,
Producerregulation,
Insurance guaranty association
6  cards
7.3 Terms Only
Authorized insurer,
Cease and desist,
Commission
11  cards
7.4 Topic Need to Knows
Insurance contract,
Following acts considered transac...,
Insurer
113  cards
All
0  cards
Times
What is the amount of time a prim...,
The employee usually has a period...,
Grace period
40  cards

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life insurance

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