Feeling Lucky
The kind of life policies that Primerica sells.
What are term policies?
We can write insurance policies from people age __ to ___.
What is age 0 to age 85 years old?
For for someone turning 65, this is when they can enroll in a medicare advantage plan.
What is 3 months before and 3 months after their month of birth?
A tax-deferred insurance contract that blends the growth potential of stock market investments with protection against principal loss. Interest is credited based on a market index (like the S&P 500), but your money is never directly invested in the market
a fixed indexed annuity
The year Banker's life was founded.
What is 1879?
in ancient ____ life insurance first started in 100BCE as "burial clubs" where money was pooled together.
What is Ancient Rome?
You Can write a simplified issue life policy on a 45 year old insulin diabetic. T or F
What is False?
The time from January- March is known as ___ and October 15th-Dec 7th is the ___ period.
What is the open enrollment period and the annual enrollment period
a complex, long-term retirement contract between you and an insurance company. Your money is invested in "subaccounts" (similar to mutual funds). Its value fluctuates with the market and it offers tax-deferred growth and an optional stream of guaranteed lifetime income
variable annuity
Our office's Branch manager, BONUS (100) for his middle name.
Who is Kevin (Paul) Lemmon?
The 1st recipient of Medicare
Who is Harry S. Truman?
A consumer has a __ day "free look period" after purchasing life insurance to cancel and get their money back.
10
The percentage of people 65+ who will need LTC at some point in there life.
What is 70%?
Minimum single premium lump sum for our annuities at Banker's life
$5000
Banker's life has this many states in which there are active offices.
What is 48?
The 1st president to purchase life insurance.
Who is Abraham Lincoln in 1959- for $2,000 which is about $89k now.
An IRS classification for a cash-value life insurance policy that has been "overfunded" with premiums exceeding federal tax law limits. Once a policy crosses this threshold, it permanently loses its traditional tax-free status for withdrawals and is treated more like an investment vehicle or annuity. [1, 2, 3, 4]
What is a MEC aka modifed endowment contract?
The year the Medicare program started. BONUS (100) for president who signed it into passing.
What is 1965?
and Lyndon B Johnson
Name 3 banker's life annuities
BONUS for which has highest participation rate**
-What is:
-GLIA guarunteed life income annuity
-FBIA flexible premium bonus index annutiy-**security builder
-5 and 5
-Single life payout
-joint life
The Banker's Life Motto.
For the life of your retirement.
The ___Act of 1913 established life insurance death benefits as tax free.
What is the Revenue Act of 1913
5 possible riders on the universal life policy.
What are:-
accidental death
-accelerated benefit rider
-living benefit rider
-primary insured term rider
-child rider
-waiver of monthly premium reduction
-waiver of stipulated premium rider
-additional insured level term rider
-unemployment waiver of cost
The # of months an individual has to sign up for part B after losing their credible work coverage.
What is 2 months?
The $ principal in a Banker's life annuity goes up and down with the life of the policy. T or F
F- only goes up or doesnt grow
The man who bought Banker's life in 1935 after its bankruptcy for $2,500 and made it into THE largest privately owned insurance company in the US today.
BONUS (100): What Foundation that supports NPR among other journalistic programs, and grants for education.
Who is John D. MacArthur ?
Double: What is John D and Catherine T McArthur Foundation?