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Life Insurance Exam Practice Questions and Answers | 100% Pass
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Life Insurance Exam Practice Questions and Answers | 100% Pass Additional coverage can be added to a Whole Life policy by adding a(n) - Answer️️ - decreasing term rider All of these statements about the Waiver of Premium provision are correct EXCEPT - Answer️️ -Insured must be eligible...

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Document information

  • September 1, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • life insurance exam practice questions and answers

Written for

  • Life insurance
  • Life insurance

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SophiaBennett

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©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

, Life Insurance Exam Practice Questions
and Answers | 100% Pass


Additional coverage can be added to a Whole Life policy by adding a(n) - Answer✔️✔️-

decreasing term rider

All of these statements about the Waiver of Premium provision are correct EXCEPT -

Answer✔️✔️-Insured must be eligible for Social Security disability for claim to be

accepted

Which of these is an element of a Single Premium annuity? - Answer✔️✔️-Lump-sum

payment



A lump-sum payment is required for a Single Premium annuity.

J chooses a monthly premium payment mode on his Whole Life insurance policy. Which

of these statements is true? - Answer✔️✔️-The gross premium is higher on a monthly

payment mode as compared to being paid annually

Which of these provisions require proof of insurability after a policy has lapsed?



-Insuring

-Conversion

-Reinstatement

-Consideration - Answer✔️✔️-Reinstatement


Page 1 of 13

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