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California Life and Health Final Exam 2025 Questions and Answers
California Life and Health Final Exam 2025 Questions and Answers
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California Life and Health
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California Life and Health
California Life and Health Final Exam 2025 Questions and Answers
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| Uploaded on: | September 14, 2025 |
| Last updated: | September 15, 2025 |
| Number of pages: | 27 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | California Life and Health Final Exam 2025 Questions and Answers |
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California Life and Health Final Exam 2025 Questions and Answers Whole Life Policies - --CORRECT ANSWER--also called permanent insurance, builds cash value, policy endows at age 100 401(k) - --CORRECT ANSWER--a Cash or Deferred Arrangement (CODA) plan that is a modified profit-sharing or pension plan. 403(b) - --CORRECT ANSWER--a Cash or Deferred Arrangement (CODA) plan that is a modified profit-sharing or pension plan. Limit of Liability - --CORRECT ANSWER--The total amount the insurer will pay for an insured risk. -Flexible premiums, -Guaranteed minimum death benefit -Guaranteed minimum rate of return. - --CORRECT ANSWER--are characteristics of an interest sensitive whole life policy ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
