Non-Financial

Annuities

100

What is an annuity?

What is a contract 

200

This tax class is typically pre-tax money

What is an IRA 

300

This tax class has a cost basis 

What is Non-Qualified 

400

** Double Jeopardy **

What tax class requires a RMD

What is an IRA 

500

This tax class allows you contribute up to $7K per year after-tax dollars but you can't withdrawal the amount until they're after 59.5 y/o. 

What is a ROTH IRA

Address Changes

100

What is a residential address? 

What is where the client resides and pay taxes

200

True or False - We can accept a date of birth as an identifier?

False - We cannot accept a DOB as an identifier 

300

** Double Jeopardy ** 

True or False - A POA can sign for an address change request 

What is True - POA's act on behalf of the owner and therefore are allowed to change the address 

400

Who is the only company we will allow address change request with no signature from the client?

Who is Chase Bank

500

True or False - Authorized Third Parties can update their own address?

True - ATP can update their own address, NOT the owners

Beneficiaries

100

This beneficiary is second in line to receive money 

What is a Contingent Bene

200

** Double Jeopardy ** 

If a bene change request is received with no signature date, what date do we use?

What is the received date in salesforce 

300

What does Per Stirpes mean? 

Should a bene predecease the owner, that benes share of the inheritance goes to their children equally

400

True or False - POA can make changes to the beneficiaries on the behalf of the owner?

True- They must have special permission in the POA in order to make changes to a bene 

500

How old does a bene have to be to be added to a policy?

Trick Question - There is no age limit 

Random Knowledge

100

True or False - A client signed a request with their DOB, we would automatically NIGO this request?

False - We will accept it but we will use the received date in Salesforce

200

What are our 4 IGO identifiers?

Policy Number, Name, Address, SSN 

300

True or False - If a SSN isn't provided for a bene we cannot add that bene to the policy?

False - We just need a name and percentage to add a bene

400

When should an effective date be changed for a bene change request? 

• Adding or removing a beneficiary
• Change to the way beneficiary is paid out
• Promoting a Contingent Beneficiary to a Primary Bene

500

** Double Jeopardy ** 

True or False - We can accept Estate as beneficiary on a Joint Owned policy? 

False - Primary bene needs to be Surviving Owner/Spouse