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Life Insurance Policies Practice Exam Questions and Answers
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Life Insurance Policies Practice Exam Questions and Answers A Whole Life policy furnishes a form of Permanent protection because it never has to be: A. Used for a loan B. Reduced C. Renewed or converted D. Reinstated - Answer️️ -Renewed or converted At age 30, Clark wishes to purchase a...

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  • September 1, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • life insurance policies practice exam questions an

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  • Life insurance
  • Life insurance

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SophiaBennett

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©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

, Life Insurance Policies Practice Exam
Questions and Answers


A Whole Life policy furnishes a form of Permanent protection because it never has to

be:

A. Used for a loan

B. Reduced

C. Renewed or converted

D. Reinstated - Answer✔️✔️-Renewed or converted

At age 30, Clark wishes to purchase a W.L policy. His producer explains that he can

pay for the policy in many ways. One method is called 20-Pay Life, and another,

Straight Life. Clark wishes to know which plan will accumulate cash value at a faster

rate in the early years of the policy. Which of the following would be the producer's most

appropriate response:

A. "The rate of cash-value accumulation depends on the profitability of the insurance

company."

B. "Both plans will accumulate cash value at the same rate."

C. "20-Pay Life will accumulate cash value faster."

D. "Straight Life will accumulate cash value faster." - Answer✔️✔️-"20-Pay Life will

accumulate cash value faster."

What type of Life insurance has a rate of return that may keep up with inflation, but will

never fall below the minimum guaranteed in the policy:

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