Life Insurance
What are the age and death benefit limits for our simplified issue basic whole life policy?
$5,000 for ages 17–49 minimum
$2,500 for ages 50–85 minimum
Up to $50,000 max
What is the standard Part B premium for 2024?
$174.70
What type of care is not covered by Medicare?
These annuity types give you upside potential of market gains with no downside risk.
Fixed Indexed Annuities
At what age can you start drawing Social Security benefits?
62
What is the oldest age you can write a 10 AND 20 year reliaterm?
70 and 60
What is the 2024 Part B Deductible?
$240
What State entity will help you pay for extended care when you no longer can?
Medicaid
This advantage with the IRS makes annuities great retirement accounts.
Tax Deferral
Term use for transferring non-qualified funds
1035 exchange
What is the maximum amount you can add as a term rider to our 19f?
5X the base
Which U.S. government entity is tied to Medicare?
Social Security
Which rider must be added to our LTCF+ to qualify as a state partnership plan?
Inflation rider. 3% minimum
Our FPBIA uses these types of crediting methods for our Index option.
2A:Monthly Averaging with Participation Rate
2B:Point to Point with cap rate
2C:Point-to-point with participation rate
Who has scored the most points in the NBA in a single season?
What are the issue age limits and minimum single premium for our 14Y?
0-85
$2,500
When is the earliest you can write a guaranteed issue MedSupp?
9 months before 65th birthday
What are the issue ages for our LTCF+?
40-79
In a non-qualified annuity, what portion is not taxable?
Cost Basis
At what age can you avoid a 10% tax penalty on tax-deferred accounts?
59.5
After what policy year are you eligible for a preferred policy loan?
10th year
For each 12-month period without credible coverage or part B after 65, you pay what percent of penalty?
10%
Name the 6 activities of daily living.
Bathing, Dressing, Eating, Transferring, Toileting, and Continence
What is the difference between Qualified and Non-Qualified Money?
Special tax advantages
What is the name of Kevin Kerns dog?
Old Boy Tucker