life insurance hllqp Exam Package Deal Solved Correctly.

A insurance policy is active when... - What is payment of first premium What is a contract? - a legally binding agreement between two or more parties What is a unilateral contract? - a one-sided agreement where the insured can cancel for any reason but the insurer cannot What is insurer - The in...

Prabdeep is sole sales representative. He has good connections in community that his sister Shatakski does not. Shatakski starts a business with on demand load. If prabdep were to die. Agent reccomends coverage on is brother to cover on demand loan - The bank can recall the loan if the feel busine...

3 phrases of Against Permanent Loss of income( Income earner dies) - Readjustment period, Dependency Period, Survivor life income needs Capital retention approach - Today's value of income needs + cash needs = insurance needs Two common method for calculate life insurance needs - Capitalization ...

iana is a new life insurance agent and is studying the requirements for ascertaining the clientâs identity under the Proceeds of Crime (Money Laundering) and Terrorist Financing Actand Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) guideline 6A. For which of the following...

Ratings are based on a scale that begins with a top rating and ends with a lowest rating. What are the Top and Lowest Ratings? - AAA = strong ability to meet financial commitments / CC = likely to not meet commitments What is Insurance? - Insurance is based on the concept of an insurance company ...

Financial impact of death - Loss of income Loss of caregiver Debt repayment Income taxes Estate creation (education funds, legacies, charitable giving) Business impacts Risk Management - Risk avoidance Risk reduction Risk retention Risk transfer Joint (First-to-Die) Life Insurance - A type...