LH Chapter 28 FL Manual
Quiz by Brian Morton
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
7 questions
Show answers
- Q1Which of the following statements regarding variable contracts are TRUE?The company cannot guarantee a specific interest yield from investmentsProduct and unit values fluctuateInvestment results principally derive from stock portfoliosAll of the statements are true60s
- Q2After retirement starts, which of the following is TRUE?The dollar amount of monthly payments stays the sameThe value is adjusted to accommodate cost-of-living changesThe value of each annuity unit stays the sameThe number of annuity unit stays the same30s
- Q3Which of the following statements is(are) TRUE?The common stock and other assets of a separate account are under the supervision of the Securities and Exchange Commission (SEC)Insurers selling VA are subject to regulation by the state Office of Insurance Regulation (OIR)All of the statements are trueVariable annuities and variable life insurance policies are considered investments30s
- Q4An application for a variable annuity must show which of the following on the first page?Agent’s nameAll of the statements are trueName of the insurerAgent’s insurance license identification number30s
- Q5Are investment gains in the separate account (and variable annuity and variable life accumulation values) subject to current income taxation?Yes, but only to the extent of the gainNo, they are not currently taxableYes, but taxable gains may be offset by lossesYes, but the gain is paid by the insurer30s
- Q6Before proposing any variable product the agent must provide the prospect with theConsumer buyer’s guideOutline of coverageProspectusTable of guaranteed values30s
- Q7A variable contracts agent must notify the Department of Financial Services within 30 days of any of the following changes EXCEPTThe agent’s insurerThe agent’s mailing addressThe agent’s nameThe agent’s residence address30s