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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 If a retirement plan or annuity is "qualified," this means - Answer️️ -It has favorable tax treatment If an insurer makes a statement that is policies are guarantee by the existence of the Insurance guaranty association, that w...

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  • September 1, 2024
  • 10
  • 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


If a retirement plan or annuity is "qualified," this means - Answer✔️✔️-It has favorable tax

treatment

If an insurer makes a statement that is policies are guarantee by the existence of the

Insurance guaranty association, that would be considered... - Answer✔️✔️-An unfair

trade practice

What type of life inusrance is most commonly used for group plans? - Answer✔️✔️-

Annually renewable term

An insurer wants to begin underwriting procedures for an applicant. What source will it

consult for the majority of its underwriting information> - Answer✔️✔️-The application

If the beneficiary wants a guarantee that police proceeds will be paid for a period of 10

years before being exhausted, what settlement option should the beneficiary select? -

Answer✔️✔️-Fixed period

What annuity settlement option provides payments to an annuitant for the rest of the

annuitant's life and ceases at he annuitant's death - Answer✔️✔️-Pure life

Which of the following is not the consideration in an insurance policy? - Answer✔️✔️-The

promise to pay covered losses

An agent offers his client free tickets to a sporting event in exchange for the purchase of

aninsurance policy. The agent is guilty of - Answer✔️✔️-Rebating

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