Exam (elaborations)
CISR LIFE & HEALTH (Latest 2024) Questions With Complete Grade A+ Answers
- Course
- Institution
CISR LIFE & HEALTH (Latest 2024) Questions With Complete Grade A+ Answers
[Show more]
Content preview
CISR LIFE & HEALTH 1. The first step in understanding the elements of a life insurance contract is being able to: A. describe the personal and specific reasons people purchase life insurance B. describe the different parties to a life insurance contract and their relationship: Answer B) describe the different parties to a life insurance contract and their relationship 2. A policy owner has the power to: A. Name one or more beneficiaries B. Change the policy C. Select dividend options D. Change ownership of a policy with an absolute assignment of benefits in place: Answer A) Name one or more beneficiaries D) Change ownership of a policy with an absolute assignment of benefits in place 3. Truth or False: Risk is assessed on both medical and non-medical considerations: Answer True 4. Why do clients give written permission to an insurance professional to obtain personal medical information from medical providers? A. Insurance companies require it for their own protection B. The federal government requires it: Answer B) The federal government requires it 5. Select the term that completes the sentence correctly. A(n) beneficiary cannot be removed from a life insurance policy without the consent of the beneficiary. A. revocable B. irrevocable: Answer B) irrevocable 6. Select all that apply. People buy life insurance for various reasons, including: A. as a requirement for receiving a bank loan B. as an incentive for attracting and keeping talented employees C. as a court -imposed requirement D. personal and emotional reasons: Answer A) as a requirement for receiving a bank loan B) as an incentive for attracting and keeping talented employees C) as a court -imposed requirement D) personal and emotional reasons 7. Select the term that completes the sentence correctly. The agreement between the insurer and the applicant that can provide temporary life insurance coverage until the insurer has issued a policy is called the: A. Attending Physician Statement (APS) B. Conditional Receipt C. Survivorship Clause: Answer B) Conditional Receipt 8. Questions on an application for life insurance address which issues? Select all that apply. A. past occupations B. current occupations C. past medical history D. current medical history E. hobbies and sport participation F. past address G. present address: Answer B) current occupations C) past medical historyThe benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ProfessorNurse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
71947 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now