Life Agent exam topics

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• Annuity Required Minimum Distributions in Retirement AccountsAn annuity held inside a traditional IRA or employer retirement plan is generally subject to that account’s required minimum distribution rules, even …
• Anti-Money-Laundering Duties in Life Insurance SalesFederal rules require insurers issuing covered cash-value life and annuity products to maintain risk-based AML programs. Agents follow carrier procedu…
• Aviation Life Insurance Exclusion: Passenger vs. PilotAviation clauses may distinguish ordinary passengers from pilots or people engaged in specified aviation activity, but there is no universal passenger…
• Buy-Sell Life Insurance: Funding a Business SuccessionA buy-sell agreement sets how a business interest transfers after a triggering event, and life insurance can fund the purchase. The agreement should d…
• Can a Creditor Take Life Insurance Death Benefits in Texas?Texas Insurance Code Chapter 1108 generally exempts covered life insurance benefits and proceeds from seizure for an insured’s or beneficiary’s debts,…
• Can a Life Insurance Beneficiary Choose Installments Instead of a Lump Sum?A beneficiary can choose installments instead of a lump sum only when the policy or insurer’s settlement terms make that option available to the benef…
• Can You Change the Insured Person on a Life Insurance Policy?Usually, an owner cannot simply substitute a different insured on an existing life policy. The insured is the person whose life was underwritten, and …
• Can You Get Life Insurance With a Preexisting Condition?A preexisting condition does not automatically prevent someone from buying life insurance. An insurer may approve the application at a preferred, stan…
• Can You Keep Life Insurance After Retirement?Employer life coverage may continue after retirement under plan rules, and an individual policy may remain in force if its premiums and conditions are…
• Child Term Rider Conversion RightsA child term rider may let an insured child convert the rider’s coverage to an individual life policy without new medical underwriting, but only if th…