Missouri Life Insurance Exa Qs&As
Missouri College
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Missouri Life Insurance Exam Qs&As
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Missouri Life Insurance Exam Qs&As 
401(k) Plan - ANSWER-A qualified retirement plan in which the employee can set aside a portion of their 
income with pre-tax dollars. 
Absolute Assignment v. Collateral Assignment - ANSWER-Absolute: A permanent and irrevocable 
transfer of rights and/or benefits by the policyowner. 
Collateral: A temporary and/or revocable transfer of benefits by the policyowner 
Accelerated Death Benefit - ANSWER-Policy provision that allows full or partial payment of the ...
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