Bảo hiểm nhân thọ nhóm & Niên kimCâu 447 / 716
The 'free look' provision on a newly issued annuity allows the owner to:
a.Return the contract within a stated number of days and receive a refund
b.Change the annuitant to a different person
c.Double the premium already paid
d.Withdraw all earnings free of income tax at any time without any restriction at all
Giải thích
The free look provision gives the annuity owner a set number of days after delivery to review the contract and, if unsatisfied, return it for a refund. It does not make earnings tax-free, does not by itself allow changing the annuitant, and does not double the premium. The free look is a consumer protection that lets buyers reconsider a purchase without penalty, which is especially important for products marketed to seniors.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- A key advantage of an annuity's accumulation phase is that the earnings:
- When recommending an annuity, a producer must assess suitability, which includes considering the client's:
- An 'annuity certain' (period certain only) option pays income:
- To sell variable annuities, a producer must hold:
- The process of converting an annuity's accumulated value into a stream of income payments is called:
- In group insurance, the individual members of the group receive:
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Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)