Prez
What is the difference between a feature and a benefit?
Feature is what the policy provides
Benefit is how it benefits the client
What is the Minimum death benefit?
$30,000
What is a GLIA?
Guaranteed Lifetime Income Annuity
Where do we completer our advantage plans for clients?
MHP
What entity of a life insurance do we change to protect it from a nursing home?
The owner
Where are the presentations?
List 3
EPresenter
Bspn-videos
Flipbook- slideshow
When does a child rider end or give the client a chance to covert it?
25
How much is the Bonus? And the current fixed rate for FPBIA?
5% & 2.72%
What is a dual complete plan?
Medicare and medicaid
What are the 3 things we turn in after we complete an application?
Copy of FF
EIAC
C14
How many financial decisions does a love one have to make when someone dies and how much will social security give them?
46 and 255
What type of policy pays out the cash value with the death benefit?
Increasing
Define a par rate
Participation rate, how much you take part in the gains
At what dollar amount does a client hit the catastrophic tier of part D?
$2,100
What is the part B premium for 2026?
$206.50
What are the 3 ways to pay for LTC?
Self pay
Spend down (Medicaid)
Insurance
What is the max amount of additional term you can add to a UL?
5 times
What is the penalty in the 10th year of the surrender period for a FBPIA?
1%
Who is the primary insurer when a client is on a advantage plan?
The insurance company not medicare
Describe one aspect of a tax qualified status of the LTCF+ plan?
- 90 day qualification
-state level tax deduction
- needed for state partnership along with inflation
What are the 4 areas a CI can cover?
Insurance shortfalls
Living expenses
Special expenses
Loss of income
What is the income multiplier and its function?
It is for suitability and multiplys a person's income to a certain amount
What is the cap of owning annuities in a portfolio before you need a signature?
70%
How do plans give away free benefits on a advantage plan
Companies recieve the part b premium
What is the difference between qualified and non qualified money?
Q is pre tax
NQ is post tax