Life insurance Bundled Exams Questions and Answers (Full Solution Pack) 100% Pass

LIFE INSURANCE PRACTICE EXAM ALREADY PASSED The reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Insurable Receipt Statements in the application for insurance that are believed to be true to the best of the applicants ...

Life insurance exam (2022/2023) Rated A+ life insurance insurance that pays to a named beneficiary or the deceased's estate upon the death of the insured,may b annuity or endowment, may incl benef for accident death/dismemberment, disability, protects against risk pf premature death which exposes a...

Life Insurance Exam Questions and Answers 100% Pass J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? A: The insurer will ...

Life insurance - practice test questions with verified answers A special characteristic of insurance contract where equal value is not exchanged between parties is known as: Aleatory Life insurance contracts are ___ agreements Unilateral What is the proper definition of "take it or leave it" co...

Life Insurance Practice Exam Latest 2023 with Verified Answers The ownership provision entities the policy owner to do all of the following EXCEPT a) Assign the policy. b) Designate a beneficiary. c) Set premium rates. d) Receive a policy loan. c) Set premium rates. The insurer sets premium rat...

Life Insurance Questions and Answers with Certified Solutions Traditional Whole Life Products Ordinary straight life Limited-Pay Single-Premium Life Adjustable Life Straight Life basic policy that charges a level annual premium for the lifetime of the insured and provides a level, guaranteed benefi...

Life Insurance Exam Questions and Answers 100% Pass At what point must a life insurance applicant be informed of their rights to fall under the Fair Credit Reporting Act? Upon completion of the application Who elects the governing body of a mutual insurance company? Policyholders An insurance app...

Life Insurance License Exam (2022/2023) Already Passed Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits A policy rider that states that the cause of death will be analyzed t...

Life Insurance Basics Rated A Insurable Interest the policyowner must face the possibility of losing money or something of value in the event of loss Survivor Protection aim to protect survivors in event of loss of an income earner Estate Creation when an insured purchases a life insurance policy,...

Insurance Practice Exam 150 Questions with Complete and Verified Answers What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? *Irrevocable beneficiary *Tertiary beneficiary *Primary beneficiary *Revocable beneficiary *Irrevocable beneficiary (An...

Life Insurance Final Exam Questions and Answers Passed with 100% A person who is in good health and does not drink nor smoke is considered a preferred risk Upon death of an annuitant during the accumulation period of a deferred annuity, the proceeds: Are taxable to the beneficiary above the annuita...

Insurance Exam Practice Exam: Questions and Answers Already Passed Which of the following annuity benefit payment options would generate the highest monthly payments to the contract owner upon annuitization? Pure or straight life All of the following are dividend options on a participating life in...

Life & Health Insurance Exam Prep with Verified Answers Basic Medical Expense policies Provide coverage for Hospital, Surgical and Physicians Medical Expense. -Purchased as a individual or group policy. -provide first dollar coverage (no deductibles). -limited benefit periods and low coverage limits...

Life Insurance Study Exam- Georgia (2022/2023) Already Passed An insurance producer selling a Variable Annuity whose cash value depends on the performance of an underlying investment account must be registered with: The Financial Industry Regulatory Authority (FINRA, formerly the NASD) A life insu...