Maryland Life Producer Exam (Series 20-27)
Last Update Dec 30, 2025
Total Questions : 90
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A policyholder uses a Section 1035 exchange to replace an existing life insurance policy. If the new policy is later surrendered, the gain realized on termination is taxed as:
An employee with $50,000 group life insurance coverage terminates employment and submits an application WITHOUT the initial premium for a $50,000 conversion policy. If the employee dies 15 days later, the insurer would pay:
Which one of the following statements about participating life insurance is true?
Which of the following statements about cash values in whole life insurance policies is true?
TESTED 30 Dec 2025
