Team Af Quiz "Total Accumulator"

10 Questions | Total Attempts: 46

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Team Af Quiz "Total Accumulator"

AF Knowledge


Questions and Answers
  • 1. 
    What are the two options of the "Coverage Guarantee Rider"?
    • A. 

      10 yrs ages 0-70, 5 yrs age 76+

    • B. 

      To age 80, or life

    • C. 

      Extended or Lifetime

    • D. 

      None

  • 2. 
    If you are using one of the Ibbotson models (SelectStrategy), what are the underlying investments?
    • A. 

      ETFs

    • B. 

      Individual Stocks

    • C. 

      REITs

    • D. 

      Gold and Silver

  • 3. 
    When you are using an Ibbotson model, you can not also choose your own sub-accounts. True or False
    • A. 

      True

    • B. 

      False

  • 4. 
    You are in AccessAllstate and viewing the TotalAccumulator. When" Viewing Material for this Product" the "Monthly Performance Update", what charges or fees are reflected in the returns?
    • A. 

      Premium charges

    • B. 

      Cost of Insurance charges

    • C. 

      Portfolio Management fees

    • D. 

      Policy fees

  • 5. 
    You can locate the New Account Documents - Variable Universal Life forms in the AFS. LLC Paperwork Suite. True or False
    •  
    • A. 

      True

    • B. 

      False

  • 6. 
    A 35 year old male pays the Extended Coverage Guarantee premium how long would his death benefit last according to the Coverage Guarantee Rider?
    • A. 

      Life

    • B. 

      35 years

    • C. 

      20 years

    • D. 

      10 years

  • 7. 
    On the AFS, LLC home, you can find of the following?
    • A. 

      529 Selling Agreement

    • B. 

      EFocus Archive

    • C. 

      Paperwork Suite

    • D. 

      All the above

  • 8. 
    The SelectLegacy Strategy in the SelectStrategy Planning Tool is designed for those who are seeking to use life insurance for which of the following?
    • A. 

      A balance of protection and cash value growth

    • B. 

      A strategy that emphasizes the potential for tax advantaged cash value growth by funding the policy up to IRS limits

    • C. 

      A strategy to determine the best asset allocation to meet a particuliar risk tolerance

    • D. 

      A strategy in a estate plan to increase the amount of an income-tax-free death benefit paoid to beneficiaries

  • 9. 
    The PITR is not available on the TotalAccumulator. Trur or False
    • A. 

      True

    • B. 

      False

  • 10. 
    Age 35 rear old male, preferred nonsmoker, $250,000 (DB1), pay all years, monthly and 4 units of CTR. What would the monthly Lifetime premium be? 
    • A. 

      $99.39

    • B. 

      $178.35

    • C. 

      $206.27

    • D. 

      $174.81

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