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LOMA 281 Module 2 Lesson 1 - Term Life Insurance Questions and Answers with complete solution
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Assume that Caryer has life insurance on his own life. Select the box beside each financial need that you think life insurance can meet Paying household expenses (utility bills, food, clothing, etc) Covering outstanding debts (mortgage and car loans, etc) Paying future outstanding medical, hospi...
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Add to cartAssume that Caryer has life insurance on his own life. Select the box beside each financial need that you think life insurance can meet Paying household expenses (utility bills, food, clothing, etc) Covering outstanding debts (mortgage and car loans, etc) Paying future outstanding medical, hospi...
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LOMA 281: Meeting Customer Needs with Insurance Annuities Questions with 100% Correct Answers | Verified
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Assume you're applying for a life insurance policy. During his presentation, the insurance agent makes the following statements. Are they all true? (Select all that apply.) a. People buy insurance to reduce the financial risk they face but not every type of risk is insurable. b. both pure risks ...
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Add to cartAssume you're applying for a life insurance policy. During his presentation, the insurance agent makes the following statements. Are they all true? (Select all that apply.) a. People buy insurance to reduce the financial risk they face but not every type of risk is insurable. b. both pure risks ...
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LOMA 281 Module 4 | 174 Questions & Answers Solved 100% Correct!!
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Group Insurance - A method of providing life or health insurance coverage for a group of people under one insurance contract. commonly provide: - life insurance, medical expense insurance, disability insurance, and dental insurance coverage Master group insurance contract - An insurance contract...
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Add to cartGroup Insurance - A method of providing life or health insurance coverage for a group of people under one insurance contract. commonly provide: - life insurance, medical expense insurance, disability insurance, and dental insurance coverage Master group insurance contract - An insurance contract...
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Loma 281: Module 1 Lesson 1 Questions and Answers with complete solution
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Risk - the possibility of an unexpected loss speculative risk - can result in a gain, a loss four risk management techniques - avoid the risk control the risk accept the risk transfer the risk Two basic types of life insurance product - life insurance: the insurer promises to pay a death bene...
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Add to cartRisk - the possibility of an unexpected loss speculative risk - can result in a gain, a loss four risk management techniques - avoid the risk control the risk accept the risk transfer the risk Two basic types of life insurance product - life insurance: the insurer promises to pay a death bene...
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LOMA 281 Module 2 Questions & Answers Already Graded A+
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Term Life insurance - Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term - The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance - A plan of term life insurance that provides a pol...
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Add to cartTerm Life insurance - Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term - The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance - A plan of term life insurance that provides a pol...
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LOMA 281 Module 1 Questions and Answers(A+ Solution guide)
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Risk - the possibility of an unexpected result. Premium - A specified amount of money an insurer charges in exchange for its agreement to pay a policy benefit when a specific loss occurs. Insurance company - A company that provides protection against the risk of financial loss caused by specific...
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Add to cartRisk - the possibility of an unexpected result. Premium - A specified amount of money an insurer charges in exchange for its agreement to pay a policy benefit when a specific loss occurs. Insurance company - A company that provides protection against the risk of financial loss caused by specific...
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