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LIFE ACCIDENT INSURANCE EXAM 2025-2026. QUESTIONS WITH 100% COMPLETE SOLUTION. GUARANTEED A+ GRADE. 401(k) Plan - answerCODA plan in which plan participants make contributions via salary reductions, cash bonuses or thrift plans. 403(b) Tax-sheltered Annuity - answer401(k) plan for employees of nonprofit organizations and public schools. 408(k) Plan - answerQualified plans for small employers. A mix of an IRA and profit-sharing plan. More commonly referred to as a SEP. Absolute - answerAn absolute assignment occurs when the policyowner assigns all rights including cash values to another person or entity. Synonymous with voluntary assignment.
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