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Premium
Pending
Life Insurance
Annuities
Medicare/STC
100

When submitting an application- when does the first initial premium come out?

What is : Right Away

100

If an application is altered (scratched out, scribbled on, written over other letters)- it is "OK" as home office understands mistakes can be made?

What is: FALSE- always have the owner of the application initial the change.

100

Minimum face amount on the 10 series plans to get a preferred rating is $______.

What is $50K

100

What is the rate for a GLIA for June?

What is 1.85%

100
Can a person have Medicare Part A at no cost if he/she was a homemaker their entire life?
What is: Yes- if spouse worked 40 Qtrs.
200
If an application is submitted and approved with a February 3rd issue date and a 15th of each month ppsp date- when will the first payment be deducted after the initial submitted with the app?
What is: March 15th
200
Who needs to sign the illustration- the insured or the owner?
What is: The owner only.
200
How does a MEC policy affect the insured?
What is: It doesn't unless they are also the onwer-then withdrawls are taxed.
200

One may make contributions into a Traditional IRA until what age?

What is 70 1/2

200
True or False- Maximum monthly benefit under STC is equal to 100% of the maximum daily benefit multiplied by 30?
What is: False-31
300
If an application is submitted and approved with a January 28th issue date and a 3rd PPSP draft date- when will the first draft be deducted after the initial submitted with the application?
What is: January 3rd
300
Name all 4 OFS documents?
What is: Change Form Illustration Taxpayer ID Form Application
300
Commission on the 20 yr premium payment option on the 10 series is ______ %.
What is 50%
300

What is the rate for a PBIA for June?

What is: 1.85%

300
Are RX drugs covered under N565 taken at house?
What is: Yes
400
If there is a NSF on an initial premium at which you receive and email on from home office- How many days do you have to send in a replacement check?
Home office much receive by the 15th business day from the date on your email.
400
Who signs the Change Form?
What is: Owner and Insured
400
What is the primary factor in determining which plan to sell the innovative life plans.
What is: NAR
400

What is the rate for a Bonus plan (O6T) for June?

What is: 2.35%

400
Does the selected elimination period apply to Hospice care expenses?.
What is: No
500
When is it acceptable to hold checks?
What is: It's not. Never hold checks.
500
When should you order lab work?
What is: In the home at the time of the application.
500
On the 19E plan paying the minimum premium only the policy will last how long?
What is: 15 years.
500

What is the difference between Pulication 590A and 590B?

What is: A= Concentrates on contribution B= Concentrates on distribution.

500
Can the lifetime maximum benefit amount be restored?
What is : No