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LOMA 281 Bundled Exam Questions with 100% Correct Answers | Verified | Updated 2024
LOMA 281 Bundled Exam Questions with 100% Correct Answers | Verified | Updated 2024
[Show more]LOMA 281 Bundled Exam Questions with 100% Correct Answers | Verified | Updated 2024
[Show more]LOMA 281 Module 1 Questions and Answers 
100% Verified 
Risk - answerthe possibility of an unexpected result. 
Premium - answerA specified amount of money an insurer charges in exchange for its 
agreement to pay a policy benefit when a specific loss occurs. 
Insurance company - answerA company that ...
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Add to cartLOMA 281 Module 1 Questions and Answers 
100% Verified 
Risk - answerthe possibility of an unexpected result. 
Premium - answerA specified amount of money an insurer charges in exchange for its 
agreement to pay a policy benefit when a specific loss occurs. 
Insurance company - answerA company that ...
LOMA 281 Module 3 Study Questions and 
Answers Top-Rated correctly 
Waiver of premium for disability benefit - answerA supplemental life insurance policy 
benefit under which the insurer promises to give up - to waive - its right to collect premiums 
that become due while the insured is totally disa...
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Add to cartLOMA 281 Module 3 Study Questions and 
Answers Top-Rated correctly 
Waiver of premium for disability benefit - answerA supplemental life insurance policy 
benefit under which the insurer promises to give up - to waive - its right to collect premiums 
that become due while the insured is totally disa...
LOMA 281 Module 3 Study Questions and 
Answers Top-Rated correctly 
Waiver of premium for disability (WP) Benefit - answerA supplemental life insurance policy 
benefit under which the insurer promises to give up—to waive—its right to collect premiums 
that become due while the insured is totally...
Preview 4 out of 32 pages
Add to cartLOMA 281 Module 3 Study Questions and 
Answers Top-Rated correctly 
Waiver of premium for disability (WP) Benefit - answerA supplemental life insurance policy 
benefit under which the insurer promises to give up—to waive—its right to collect premiums 
that become due while the insured is totally...
LOMA 281 Module 4 Study Questions and 
Answers Top-Rated correctly 
Group insurance - answerLife or health insurance coverage for a group of people under one 
insurance contract 
Master group insurance contract - answerAn insurance contract that insures a number of 
people 
Group insured - answerInd...
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Add to cartLOMA 281 Module 4 Study Questions and 
Answers Top-Rated correctly 
Group insurance - answerLife or health insurance coverage for a group of people under one 
insurance contract 
Master group insurance contract - answerAn insurance contract that insures a number of 
people 
Group insured - answerInd...
LOMA 281 Module 2 Study Questions and 
Answers Top-Rated correctly 
Which type of whole life insurance policy will best be able to give Arabella lifetime protection 
without straining her retirement income? 
Single-premium whole life policy 
Limited-payment whole life policy 
Continuous-premium whol...
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Add to cartLOMA 281 Module 2 Study Questions and 
Answers Top-Rated correctly 
Which type of whole life insurance policy will best be able to give Arabella lifetime protection 
without straining her retirement income? 
Single-premium whole life policy 
Limited-payment whole life policy 
Continuous-premium whol...
LOMA 281 Module 2 Questions and Answers 
100% Verified 
Term Life insurance - answerInsurance that provides a policy benefit if the insured dies 
during a specified period of time. 
Policy term - answerThe specified period of time for which a term life insurance policy 
provides coverage. 
Level Ter...
Preview 2 out of 6 pages
Add to cartLOMA 281 Module 2 Questions and Answers 
100% Verified 
Term Life insurance - answerInsurance that provides a policy benefit if the insured dies 
during a specified period of time. 
Policy term - answerThe specified period of time for which a term life insurance policy 
provides coverage. 
Level Ter...
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