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MISSISSIPPI LIFE, HEALTH AND SICKNESS INSURANCE TEST QUESTIONS AND ANSWERS $9.00   Add to cart

Exam (elaborations)

MISSISSIPPI LIFE, HEALTH AND SICKNESS INSURANCE TEST QUESTIONS AND ANSWERS

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  • Course
  • Mississippi Life and Health Insurance
  • Institution
  • Mississippi Life And Health Insurance

MISSISSIPPI LIFE, HEALTH AND SICKNESS INSURANCE TEST QUESTIONS AND ANSWERS

Preview 3 out of 27  pages

  • September 20, 2024
  • 27
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Mississippi Life and Health Insurance
  • Mississippi Life and Health Insurance
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What is the purpose of requiring licenses for persons who transact insurance?


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Protect the general public




In whole life insurance, which of the following terms describes features such as cash
values and loan provisions?

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Nonforfeiture options




When an insured dies, who has first claim to the death proceeds of the insured's life
insurance policy?


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Primary beneficiary




Which of the following is TRUE regarding a level term life policy written with a
renewable provision?


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At the end of the term, the policy can be renewed without evidence of
insurahility.




Who bears the investment risk in variable life insurance products?


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Policy owner

, An insurer requires an individual applying for life insurance to take an HIV test.
Who must consent to this?


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The applicant




Over several years, a policyowner paid $10,000 in premiums for his insurance policy.
When he suffered a loss, the insurance company paid out $50,000 in benefits. What
characteristic of an insurance contract does this describe?


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Aleatory




Which of the following types of policies allows the policyowner to skip premium
payments, provided that there is enough cash value in the policy to cover the
premium amount?


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Universal Life




Which of the following settlement options does NOT guarantee that the entire
principal will be paid out to the beneficiary?


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