1) This death benefit has both a growth and a step up feature a) Return of Premium b) Step Up c) Growth d) Compounded Plus 2) Negative Impact from a withdrawal is also known as a) $4$ withdrawal Impact b) There is no such thing c) Pro-Rata withdrawal impact d) Free Withdrawal Amount 3) Adjusted Partial Withdrawal is a) The amount the death benefit reduces to b) The amount the death benefit reduces by c) The amount the customer requests to withdrawal d) The remaining account value after a withdrawal 4) Adjusted Free Amount is subject to pro rata withdrawal impact a) True b) False 5) The taxpayer rider is designed to a) Cover all taxes owed from a death benefit payout for a beneficiary b) Designed to help reduce the tax burden for a beneficiary c) Only has one name and one version d) Is defaulted on all policies for no fee 6) For a manual death benefit calculation you need to create these two pieces of work in awd a) Kwik Create for Quote b) Kwik VANNZ Quote c) Kwik Call Client d) Kwik DBEN Quote 7) If a beneficiary calls to report the owner's passing you should create work in AWD for the notification a) True, and then transfer to claims b) False, transfer to claims c) True and keep the call to walk through the options d) True and transfer to the financial advisor for the owner 8) If a 71 year old owner passes and the spouse beneficiary does a spousal continuation on a Qualified annuity, the first RMD the spouse will take is a) By one year from date of passing b) By 12/31 the year following the year the owner passed in c) When the spouse turns RMD age d) Never all withdrawals are considered death claim proceeds and are not subject to a RMD 9) Inherited NQ policies have an RMD a) Only if the beneficiary is RMD age b) Only if the owner who passed was RMD age c) Always no matter the age of the owner or the bene d) Never 10) If Post Mortem Interest is required it is determined by a) The owner's age b) The beneficiaries age c) How long it takes to process the claim and the state d) By the length of time the beneficiary sets up the continued policy for 11) Which Icon in AWD is used for a beneficiary work type during death claim processing a) VDTHCASE b) VDUPREQ c) VBENE d) VMOOOO 12) What authorization questions do you ask a beneficiary if the owner has not passed a) Caller's Name b) Owner's Name c) Policy Number and Owner's DOB d) None, bene is not authorized 13) If beneficiary is calling after a claim has been paid out but doesn't have a policy number , you can use the following to authorize the bene with their information a) You can't b) The claimant statement that is on file c) The letter of testamentary d) The other beneficiaries names

Death Claims

looja
Manusta

Edetabel

Visuaalne stiil

Valikud

Vaheta malli

Kas taastada automaatselt salvestatud ?