Ins 3303 Study guides, Class notes & Summaries
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Exam (elaborations) INS 3303 Life Ins 2nd Half Final Study Guide
- Exam (elaborations) • 39 pages • 2022
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Exam (elaborations) INS 3303 Life Ins 2nd Half Final Study Guide 
For estate tax purposes, life insurance 
Selected 
Answer: held by a revocable life insurance trust is includable in 
the grantor's estate 
 Question 2 
0 out of 2 points 
Which of the following goals can be achieved by the use of key employee 
life insurance? 
Assure shareholders of a public corporation that the price 
of the stock will not plummet at the death of a president 
or other senior executive. 
 Question 3 
...
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INS 3303 Life Ins 2nd half Final Study Guide (INS3303)
- Exam (elaborations) • 39 pages • 2021
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Exam (elaborations) INS 3303 Life Ins 2nd half Final Study Guide (INS3303) 
Question 1 
2 out of 2 points 
For estate tax purposes, life insurance 
Selected 
Answer: 
held by a revocable life insurance trust is includable in 
the grantor's estate 
 Question 2 
0 out of 2 points 
Which of the following goals can be achieved by the use of key employee 
life insurance? 
Assure shareholders of a public corporation that the price 
of the stock will not plummet at the death of a president 
or oth...
-
dm v Questions & Answers 100% Correct
- Exam (elaborations) • 120 pages • 2024
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Exam (elaborations) INS 3303 Life Insurance Exam 2 Ch 9 11-19 22
- Exam (elaborations) • 15 pages • 2021
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A policy that originally is not a modified endowment contract will be subject 
to re-testing if there is a "material change" in the contract. Which of the 
following would likely be a material change? 
Answer 
Selected 
Answer: 
Increases in death benefits because of premiums paid for the 
policy to support the first seven contract years of benefits. 
Correct 
Answer: 
An exchange of one policy for another policy in a 1035 
exchange. 
• Question 2 
0 out of 5 points 
A policy that automatica...
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INS 3303 Life Insurance Exam 2 Ch 9 11-19 22 (INS3303)
- Exam (elaborations) • 15 pages • 2021
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Exam (elaborations) INS 3303 Life Insurance Exam 2 Ch 9 11-19 22 (INS3303) 
A policy that originally is not a modified endowment contract will be subject 
to re-testing if there is a "material change" in the contract. Which of the 
following would likely be a material change? 
Answer 
Selected 
Answer: 
Increases in death benefits because of premiums paid for the 
policy to support the first seven contract years of benefits. 
Correct 
Answer: 
An exchange of one policy for another policy in a...
Too much month left at the end of the money?
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INS 3303 Life Insurance Exam 2 Ch 9 11-19 22
- Exam (elaborations) • 15 pages • 2022
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- $12.49
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INS 3303 Life Insurance Exam 2 Ch 9 11-19 22 
A policy that originally is not a modified endowment contract will be subject 
to re-testing if there is a "material change" in the contract. Which of the 
following would likely be a material change? 
Answer 
Selected 
Answer: Increases in death benefits because of premiums paid for the 
policy to support the first seven contract years of benefits. 
Correct 
Answer: An exchange of one policy for another policy in a 1035 
exchange. 
• Questi...
-
Exam (elaborations) INS 3303 Life Ins 2nd half Final Study Guide
- Exam (elaborations) • 39 pages • 2021
-
- $15.49
- + learn more
For estate tax purposes, life insurance 
Selected 
Answer: 
held by a revocable life insurance trust is includable in 
the grantor's estate 
 Question 2 
0 out of 2 points 
Which of the following goals can be achieved by the use of key employee 
life insurance? 
Assure shareholders of a public corporation that the price 
of the stock will not plummet at the death of a president 
or other senior executive. 
 Question 3 
0 out of 2 points 
Which of the following circumstances, if true, woul...
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