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Virginia Life: Life Insurance Basics (F-I) Exam Questions and Answers 100% Accurate $10.09   Add to cart
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Virginia Life: Life Insurance Basics (F-I) Exam Questions and Answers 100% Accurate
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insurer - ANSWER-The ____ whose policies are advertised is responsible for all its advertisements, regardless of who wrote, created, presented, or distributed them. Buyer's Guide - ANSWER-A document that explains how a buyer should go about choosing the amount and type of insurance to and how bu...

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  • April 5, 2024
  • 3
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • virginia life life insurance basics f i exam q
  • virginia life life insurance basics f i stuvia
  • solication answer the process of issuing a life

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  • Virginia Life: Life Insurance Basics
  • Virginia Life: Life Insurance Basics

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Virginia Life: Life Insurance Basics (F-I)
Exam Questions and Answers 100%
Accurate

Solication - ANSWER-The process of issuing a life insurance policy begins with ____

Solicitation of Insurance - ANSWER-An attempt to persuade a person to buy an
insurance policy, and it can be done orally or in writing.

insurer - ANSWER-The ____ whose policies are advertised is responsible for all its
advertisements, regardless of who wrote, created, presented, or distributed them.

Buyer's Guide - ANSWER-A document that explains how a buyer should go about
choosing the amount and type of insurance to and how buyer can save money by
comparing the costs of similar policies

Policy Summary - ANSWER-Written statement describing the features and elements
of the policy being issued

Premium, cash value, dividends, surrender value and death benefit figures for
specific policy years - ANSWER-Policy Summaries include:

Generic, Specific - ANSWER-A buyer's guide provides ____ information on various
types of policies while a policy summary provides ____ information on the policy
being issued

Replacement - ANSWER-Practice of terminating an existing policy or letting it lapse,
and obtaining a new one

Replacing Insurer - ANSWER-The company that issues the new policy

Existing Insurer - ANSWER-The company whose policy is being replaced

Advertisement - ANSWER-Any oral, printed, written, or other marketing
communication designed to create public interest in life insurance or annuities, and
induce the public to purchase, modify, reinstate, surrender, or replace a policy

Investment, Profit, Interest Plan, Savings, Etc. - ANSWER-Terms deemed prohibited
in Life Insurance Advertisements:

Free, No Cost, Etc. - ANSWER-Terms deemed prohibited in Benefits and Services
Advertisements:

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