FX INSURANCE EXAM STIMULATOR 150 QUESTIONS AND ANSWERS A+ GRADED
#1 What is another name for an Administrative-Services Only
Arrangement
✔✔Third-Party Administrator
#3 Which of the following statements is True concerning the Accidental
Death Rider?
✔✔It will pay double or triple the face amount
# 4 On a disability income policy that contains the "Own Occupation"
definition of total disability, the insured will be entailed to benefits if they
cannot perform?
✔✔Their regular job
# 5 At what age dose individuals qualify for Medicare?
✔✔65
#6 Which of the following is NOT true regarding the Life with Guaranteed
Minimum Annuity settlement option?
✔✔It does NOT guarantee that the entire principle will be paid out
#7 According to the Nonforfeiture law, if the owner decides to surrender a
deferred annuity prior to annualization, the owner is entailed to witch of
the following ?
✔✔Guaranteed Surrender value

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