Nevada Life and Health Insurance Exam Review (Latest Update) Questions & Answers| Grade A| 100% Correct (Verified Solution)

Nevada Life and Health Insurance Exam Review (Latest Update) Questions & Answers| Grade A| 100% Correct (Verified Solution)

**All of the following statements regarding a Tax Sheltered
Annuity (TSA) are true EXCEPT:**
A. Income Derived from the TSA is received income tax-free
(ANSWER)
B. TSA's are available to public school employees
C. Interest earned by TSA is tax deferred
D. Contributions of the TSA are tax-deductible
**Which of the following statements about noncontributory
employee group life insurance is FALSE?**
A. A minimum number of employees is required to participate
(ANSWER)
B. Must have conversion rights
C. All eligible employees must be covered
D. No evidence of insurability is required
**When third-party ownership is involved, applicants who also
happen to be the stated primary beneficiary are required to
have:** 

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