CS-PW Training Quiz

Froggy Jumps

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Withdrawals & Surrender Logic

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Molly

United States

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CS-PW Training Quiz


Froggy Jumps CS-PW Training QuizVersion en ligne Withdrawals & Surrender Logic par Molly 1 What does MPW stand for in this training material? a Maximum Payment Withdrawal b Maximum Policy Withdrawal c Maximum Partial Withdrawal 2 In a Type 1 Custom Life, what happens to the face amount if you make a withdrawal? a The face amount remains the same b The withdrawal is added to the face amount c The face amount is reduced by the withdrawal 3 What is the No-Charge Withdrawal amount? a 20% of the total account value b 5% of the total account value every year c About 10% of the total account value at the cert anniversary (decreases over time) 4 Why can the cash surrender value exceed the cash value in some cases? a The surrender value includes guarantees on return of contributed principal b The cash value is miscalculated in some certificates c The surrender value is always higher due to fees 5 Who should you consult for disbursement questions about a Custom Life withdrawal? a Life benefits technician b Member Web support c Conservation team 6 What does MPAR/MPW refer to? a The guaranteed surrender value b The maximum withdrawal amount available c The minimum withdrawal amount 7 What is required for cash surrender via direct deposit? a Direct deposit is free only for partial withdrawals; otherwise a wire with form 1737 and a $45 fee a b No forms are needed for direct deposit c Direct deposit is always free 8 What is the default delivery method for cash surrender and loan funds? a US Mail (no charge) b UPS overnight c Direct bank wire only 9 When do withdrawal charges typically decrease? a Only at the first withdrawal b At the policy renewal date c Each certificate anniversary 10 What should you do with the withdrawal/ surrender forms when assisting a member? a Ignore forms and process verbally b Hand them to the member only in person c Email the forms to the member when possible; note the cert number in records

Vous pouvez intégrer le jeu dans un LMS compatible avec LTI 1.1 ou LTI 1.3 comme Canvas, Moodle ou Blackboard. Les scores seront ainsi automatiquement enregistrés dans le carnet de notes de la plateforme.

CS-PW Training Quiz

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Froggy Jumps

CS-PW Training QuizVersion en ligne

par Molly

What does MPW stand for in this training material?

In a Type 1 Custom Life, what happens to the face amount if you make a withdrawal?

What is the No-Charge Withdrawal amount?

Why can the cash surrender value exceed the cash value in some cases?

Who should you consult for disbursement questions about a Custom Life withdrawal?

What does MPAR/MPW refer to?

What is required for cash surrender via direct deposit?

What is the default delivery method for cash surrender and loan funds?

When do withdrawal charges typically decrease?

What should you do with the withdrawal/ surrender forms when assisting a member?