GENERAL LINES- LIFE, ACCIDENT, AND HEALTH EXAM QUESTIONS AND ANSWERS 100% CORRECT!
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Course
GENERAL LINES- LIFE, ACCIDENT, AND HEALTH
Institution
GENERAL LINES- LIFE, ACCIDENT, AND HEALTH
Life insurance immediately creates an estate upon the death of an insured. Which of the following policies is characterized by a guaranteed minimum death benefit? - ANSWER Variable Life
Which of the following characteristics is correct about interest sensitive whole life? - ANSWER Premium paymen...
, GENERAL LINES- LIFE, ACCIDENT, AND
HEALTH EXAM QUESTIONS AND
ANSWERS 100% CORRECT!
Which statement is true regarding a Variable Whole Life policy? - ANSWER A minimum
guaranteed death benefit is provided
Which statement about a whole life policy is correct? - ANSWER Cash value may be
borrowed against
All of these insurance products require an agent to have proper FINRA securities
registration in order to sell them EXCEPT for - ANSWER Modified whole life
Life insurance immediately creates an estate upon the death of an insured. Which of the
following policies is characterized by a guaranteed minimum death benefit? - ANSWER
Variable Life
Which of the following characteristics is correct about interest sensitive whole life? -
ANSWER Premium payments can vary
Whole life insurance policies are contractually guaranteed to provide each of the
following except - ANSWER partial withdrawal features beyond a surrender charge
period
Which of these characteristics is consistent with a straight life policy - ANSWER
Premiums are payable for as long as there is insurance coverage in force
Which of these products is not considered interest sensitive? - ANSWER Modified
whole life
A life insurance policy that provides a policyowner with cash value along with a level
face amount is called - ANSWER Whole life
A whole life insurance policyowner does not wish to continue making premium
payments. Which of the following enables the policyowner to sell the policy for more
than its cash value - ANSWER Life settlement contract
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