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life insurance exam questions and answers | 100% pass
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life insurance exam questions and answers | 100% pass Life insurance replacement regulation is designed to protect the interests of the _____ - Answer️️ -policy owner Which product would best serve a retired individual looking to invest a lump-sum of money through an insurance compant? - A...

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  • September 1, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • life insurance exam questions and answers 100 p

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  • 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 questions and
answers | 100% pass
Life insurance replacement regulation is designed to protect the interests of the _____ -

Answer✔️✔️-policy owner

Which product would best serve a retired individual looking to invest a lump-sum of

money through an insurance compant? - Answer✔️✔️-Annuity

Characteristics of an Adjustable Life policy - Answer✔️✔️-Adjustable premiums,

adjustable premium payment period, and combination of term and whole life insurance

The Consideration clause in a life insurance policy indicates that a policyowner's

consideration consists of a completed application and ____ - Answer✔️✔️-the initial

premium

A producer who fails to renew a license may reapply for a license w/o examination

within____ year with____ - Answer✔️✔️-1 year/ no renewal with $50 late fee

What action can a policyowner take if an application for a bank loan requires collateral?

- Answer✔️✔️-assign policy ownership to the bank

an insured's inability to perform two or more activities of daily living may trigger which

type of policy rider? - Answer✔️✔️-Long term care

What is the consideration given by an insurer in th Consideration clause of a life policy?

- Answer✔️✔️-Promise to pay a death benefit to a named beneficiary

A person who is insured within a group contract will be given a: - Answer✔️✔️-certificate




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