Life Insurance License Exam Correct 100%Life Insurance License Exam Correct 100%(FULL PACK SOLUTIONS)Life Insurance License Exam Correct 100%Life Insurance License Exam Correct 100%(FULL PACK SOLUTIONS)Life Insurance License Exam Correct 100%Life Insurance License Exam Correct 100%(FULL PACK SOLUTI...
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Insurable Receipt - ANSWERSThe reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations - ANSWERSStatements in the application for insurance that are believed to be true to the best of the applicants knowledge...
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Add to cartInsurable Receipt - ANSWERSThe reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations - ANSWERSStatements in the application for insurance that are believed to be true to the best of the applicants knowledge...
life insurance - ANSWERSinsurance that pays to a named beneficiary or the deceased's estate upon the death of the insured,may b annuity or endowment, may incl benef for accident death/dismemberment, disability, protects against risk pf premature death which exposes a finNcial riskto family or busin...
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Add to cartlife insurance - ANSWERSinsurance that pays to a named beneficiary or the deceased's estate upon the death of the insured,may b annuity or endowment, may incl benef for accident death/dismemberment, disability, protects against risk pf premature death which exposes a finNcial riskto family or busin...
Accelerated Benefits - ANSWERSRiders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - ANSWERSA policy rider that states that the cause of death will be analyzed to determine if it complies with the...
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Add to cartAccelerated Benefits - ANSWERSRiders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - ANSWERSA policy rider that states that the cause of death will be analyzed to determine if it complies with the...
J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? A: The insurer will allow J to add more insurance without proving insurab...
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Add to cartJ has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? A: The insurer will allow J to add more insurance without proving insurab...
To determine financial strength of an insurance company - ANSWERSPrimary purpose for a rating service company such as A.M best? Provide death benefits - ANSWERSPrimary reason for buying life insurance? Liquidity - ANSWERSWhat is described as an insurers ability to make unpredictable payouts to...
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Add to cartTo determine financial strength of an insurance company - ANSWERSPrimary purpose for a rating service company such as A.M best? Provide death benefits - ANSWERSPrimary reason for buying life insurance? Liquidity - ANSWERSWhat is described as an insurers ability to make unpredictable payouts to...
Basic Medical Expense policies - ANSWERSProvide coverage for Hospital, Surgical and Physicians Medical Expense. -Purchased as a individual or group policy. -provide first dollar coverage (no deductibles). -limited benefit periods and low coverage limits. Major Medical Expense Policy - ANSWERS...
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Add to cartBasic Medical Expense policies - ANSWERSProvide coverage for Hospital, Surgical and Physicians Medical Expense. -Purchased as a individual or group policy. -provide first dollar coverage (no deductibles). -limited benefit periods and low coverage limits. Major Medical Expense Policy - ANSWERS...
Upon completion of the application - ANSWERSAt what point must a life insurance applicant be informed of their rights to fall under the Fair Credit Reporting Act? Policyholders - ANSWERSWho elects the governing body of a mutual insurance company? Fair Credit Reporting Act - ANSWERSAn insurance...
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Add to cartUpon completion of the application - ANSWERSAt what point must a life insurance applicant be informed of their rights to fall under the Fair Credit Reporting Act? Policyholders - ANSWERSWho elects the governing body of a mutual insurance company? Fair Credit Reporting Act - ANSWERSAn insurance...
What is the prerequisite for receiving a commission from an insurance transaction? - ANSWERSLicense for same type of insurance transaction. When would life ins. proceeds be taxable by the Federal government? - ANSWERSIf there is a transfer for value (policy is sold to another person) A qualifi...
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Add to cartWhat is the prerequisite for receiving a commission from an insurance transaction? - ANSWERSLicense for same type of insurance transaction. When would life ins. proceeds be taxable by the Federal government? - ANSWERSIf there is a transfer for value (policy is sold to another person) A qualifi...
A special characteristic of insurance contract where equal value is not exchanged between parties is known as: - ANSWERSAleatory Life insurance contracts are ___ agreements - ANSWERSUnilateral What is the proper definition of "take it or leave it" contracts written by insurer? - ANSWERSAdhes...
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Add to cartA special characteristic of insurance contract where equal value is not exchanged between parties is known as: - ANSWERSAleatory Life insurance contracts are ___ agreements - ANSWERSUnilateral What is the proper definition of "take it or leave it" contracts written by insurer? - ANSWERSAdhes...
The ownership provision entities the policy owner to do all of the following EXCEPT a) Assign the policy. b) Designate a beneficiary. c) Set premium rates. d) Receive a policy loan. - ANSWERSc) Set premium rates. The insurer sets premium rates based upon underwriting considerations. Whi...
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Add to cartThe ownership provision entities the policy owner to do all of the following EXCEPT a) Assign the policy. b) Designate a beneficiary. c) Set premium rates. d) Receive a policy loan. - ANSWERSc) Set premium rates. The insurer sets premium rates based upon underwriting considerations. Whi...
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