Life Insurance Bundled Exams with complete solution;(Everything you need to pass is here)

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. - Answer c) Set premium rates. The insurer sets premium rates based upon underwriting considerations. Which of t...

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. Major Medical Expense Policy - -A supplement (i...

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" contracts written by insurer? - Adhesion using the human val...

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 allow J to add more insurance without proving insur...

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 finNcial riskto family or business. ...