FX BUNDLED exam 2023 with 100% correct answers

Partners in a business enter into a buy-sell agreement to purchase life insurance, which states that should one of them die prematurely, the other would be financially able to buy the interest of the deceased partner. What type of insurance policy may be used to fund this agreement? term permanent...

What law protects consumers from the circulation of inaccurate or obsolete information? - correct answer -The Fair Credit Reporting Act What do individuals use to transfer their risk of loss to a larger group? - correct answer -Insurance What term describes the fee a person pays an insurance c...

A buyer's guide - correct answer -The entire contract includes all of the following EXCEPT... The death benefit is not increased - correct answer -All of the following statements about indexed whole life insurance EXCEPT... A Warranty - correct answer -What guarantees that the information exp...

If the insured dies during the grace period, what is the insurer obligated to pay? - correct answer -The face value of the policy , minus any owed premium.. Which type of life insurance policy generates immediate cash value? - correct answer -Single premium If an insurance company states that ...

An insured purchased a 10-year level term life policy that is guaranteed renewable and convertible. What happens at the end of the 10-year term? - correct answer The insured may renew the policy for another 10 years, but at a higher premium rate. Which of the following statements is TRUE concerni...