RBC
What is the name of the system that tracks insurance sales and links data to client accounts?
Insurance Link
True or False: Life insurance death benefit is income tax free when paid to the beneficiary?
True
How long does a non-spouse have to distribute funds from an inherited qualified account?
10 years
Nationwide is celebrating its ____ anniversary this year.
100th
What is the name of the course where The Masters is played?
Augusta National
What are three concepts where RBC clients approved collateral for you to use?
IRA/Annuity Max, Long-Term Care, Legacy Planning, Income Protection, Charitable Giving
How can your clients keep life insurance death benefit from being included in their state and/or federal estate tax calculation?
Own the policy in an irrevocable trust
Under what conditions is a non-spouse beneficiary of an IRA required to start taking distributions from the inherited IRA?
When the person they inherited the IRA from was taking RMDs
Which Nationwide streamlined Underwriting program can allow up to $50,000,000 with no labs or parameds if the client has had a recent physical with lab work done in the last 12 months?
Executive Advantage
What color jacket is awarded to the winner of The Masters?
Green
True or False: Highlands EasyLife system is the only approved e-signature platform available at RBC?
True
What percentage of consumers do not know that insurance benefits are income tax free to their beneficiaries?
70%-2021 LIMRA study: about 33% think DB is taxable; and another 40% do not know if it is or is not.
True or False: A ROTH IRA excluded from state and federal estate taxes?
False
Are Nationwide's Long-term care benefits paid via Reimbursement or Cash Indemnity?
Cash Indemnity
Who holds the 72-hole record at The Masters?
Dustin Johnson
What is the best way to show a client the impact of having (or not having) insurance as part of their financial plan?
True or False: Medicare will cover Long-Term Care expenses?
False, only the first 100 days if there was a 3-day hospital stay beforehand, and your condition is expected to improve.
True or False: Death Benefit received from an annuity is income tax free?
False
Which suite of products from Nationwide can help protect your assets under management from being spent down during a long-term care claim?
The CareMatters Suite of Solutions and the LTC Rider
Which golfer holds the record for the most Masters wins?
Jack Nicklaus
What tool allows advisors to aggregate and view a client's held-away assets within Salesforce/Wealthplan?
Total Wealth (Yodlee)
What is the waiting period before disability insurance benefits begin called?
The Elimination Period
What is the term for the risk of outliving your assets in retirement?
Longevity Risk
What is the current rate for Nationwide's Enhanced Dollar Cost Averaging program for IUL Accumulator III and VUL Accumulator II?
8%
Which golfer won The Masters in 1997 by a record 12 strokes?
Tiger Woods