Advanced Training

I will get to MD before you

100

Name 2 differences between 401k and Roth 401k?

1) Roth 401k - contributions are made with after-tax dollars.

2) 401K - Contributions are made with pre-tax dollars.

200

For SMART UL, what are the age ranges in order to apply for coverage? 

15 days - 85 years old.

300

Living Promise MOO - What are the face amounts for Graded and Level?

Graded up to $20,000

Level up to $50,000

400

Orphan Benefit - what is the monthly income support for kids who lose their parent(s).

$900 per month

500

The money in your Roth 401(k) grows tax-free, and qualified withdrawals in retirement are also tax-free. To be qualified, withdrawals must.....

occur after age 59 1⁄2.

I'm a better FT than U

100

Does Traditional IRA fall under Qualified Accts or Non-Qualified Accts?

Qualified Accounts!

200

22 years old - $1,000,000 DB for 20yrs

Monthly Premium- $75

Name the carrier!

NLG

300

Name all 6 living benefits.

Terminal Illness Benefit - Chronic Illness Benefit - Critical Illness Benefit - Critical Injury Benefit - Alzheimer's Disease Benefit.

Bathing, continence, dressing, eating, toileting, and transferring.

400

What's the contribution limit on Traditional and Roth IRAs if under 50 yo?

$7,000

500

An ____ policy can be used as part of your estate planning strategy and mortgage protection helping to ensure that your heirs receive financial support and that estate taxes can be covered.

SGUL, IUL, or Term?

SGUL

I know more than you

100

What company offers 1% (up to $100,000) of the face amount at the time of death to an eligible registered charity?

Foresters

200

Living Promise GRADED - How is the dead benefit paid out in the first 2 years?

Death benefit, in the first 2 years will be paid out at 110% of the premiums paid for deaths due to natural causes.

300

Currently, what is the cap interest rate for SMART ULs?

4.55%

400

What's the contribution limit on Traditional and Roth IRAs if 50+?

$8,000

500

What does RMD mean?

Required Minimum Distribution.

Name than plan

100

It is a permanent policy, has a guaranteed death benefit, and a fixed cash value.

Whole Life.

200

This plan has a minimum of 100,000 face amount.

Term

300

Contributions are made with pre-tax dollars, reducing your gross income during your working years

401k

400

The objective of this plan is to compensate for the financial loss of a company.

Keyman insurance 

500

This plan has 3 benefits: 1) Assured Payout 2) Payment Flexibility 3) Cash Out Rider

SGUL