Louisiana Life, Accident and Health Practice Exam Test Questions & Answers

Louisiana Life, Accident and Health Practice Exam Test Questions & Answers
Question : Select from the choices below the best description
of a speculative risk?
Correct answer: Involving the possibility of a gain in addition
to the uncertainty of loss
Question : Which of the following is not taxable?
Correct answer: Fixed amount installments
Question : A premature distribution from a Roth IRA made
before the age 59.5 is subject to a 10% penalty tax unless:
Correct answer: It was used as a down payment on first home
Question : Which of the following is a disadvantage to setup
and participate in a qualified retirement plan?
Correct answer: Immediate liquidity
Question : All of these types of distributions that are
exceptions to the 10% penalty rule except:

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