100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Life Insurance Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed $9.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Life Insurance
  4.  
  5. Life Insurance

Exam (elaborations)

Life Insurance Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
 5 views  0 purchase
  • Course
  • Life Insurance
  • Institution
  • Life Insurance

All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT -:- The policy is owned by the company Which of the following options best depicts how the eligibility of members for group health insurance is determined? -:- By conditions of the...

[Show more]

Preview 2 out of 9  pages

Document information

  • September 6, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • life insurance questions 100 correct answers
  • all of the following statements concerning the use

Written for

  • Life Insurance
  • Life Insurance

Seller

avatar-seller
Latestupdate

Reviews received

Content preview

2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!



Life Insurance Questions & 100% Correct
Answers- Latest Test | Graded A+ | Passed
All of the following statements concerning the use of life insurance as an Executive Bonus

are correct EXCEPT


✓ -:- The policy is owned by the company




Which of the following options best depicts how the eligibility of members for group health

insurance is determined?


✓ -:- By conditions of the employment




Issue Age policy premiums increase in response to


✓ -:- Increased Benefits




Scheduled Plans provide first dollar benefits w/o


✓ -:- coinsurance and deductibles




How are state insurance Guaranty associations funded


✓ -:- by their members - authorized insurers




Which of the following will NOT be an appropriate use of a deferred annuity?

1|Page | Grade A+| 2024/2025

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

✓ -:- Creating an Estate




Which of the following would be the best option that would help the surviving spouse of the

insured to put her child through daycare after the insured's death?


✓ -:- Life insurance proceeds




An agent accepts the premium payment 35 days after it is due, telling the insured that there

will not be a problem keeping the policy in force. This is an example of what type of agent

authority?


✓ -:- Apparent




What are the two components of a universal policy?


✓ -:- Insurance and Cash Account




Under a Key Person disability income policy, premium payments


✓ -:- Payed by employer / not tax deductible




What limits the amount that a policyowner may borrow from a whole life insurance policy?


✓ -:- Cash Value




2|Page | Grade A+| 2024/2025

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Latestupdate. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78462 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart