100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Life Insurance Premerica Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed $9.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Life Insurance
  4.  
  5. Life Insurance

Exam (elaborations)

Life Insurance Premerica Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
 9 views  0 purchase
  • Course
  • Life Insurance
  • Institution
  • Life Insurance

. When does an insurance policy go into effect? -:- When the policy is delivered and the premium is paid 2. How is the information obtained for an investigative consumer report? -:- Through interviews with the applicant's associates, friends and neighbors. 3. What is a warranty in insurance c...

[Show more]

Preview 2 out of 8  pages

Document information

  • September 6, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • life insurance premerica questions 100 correct
  • when does an insurance policy go into effect

Written for

  • Life Insurance
  • Life Insurance

Seller

avatar-seller
TestTrackers

Reviews received

Content preview

2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!



Life Insurance Premerica Questions & 100%
Correct Answers- Latest Test | Graded A+ |
Passed
1. When does an insurance policy go into effect?


✓ -:- When the policy is delivered and the premium is paid




2. How is the information obtained for an investigative consumer report?


✓ -:- Through interviews with the applicant's associates, friends and neighbors.




3. What is a warranty in insurance contract?


✓ -:- An absolutely true statement upon which the validity of the insurance contract is

based.




4. What are the three main instances when insurable Internet exists in the life insurance?


✓ -:- Insuring your own life, the life of a family member or the life of a business

parters or someone who has financial obligation to the policy owner.




5. What term describes the fee a person pays to insurance company to relieve coverage?


✓ -:- Premium




1|Page | Grade A+| 2024/2025

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

6. What repost is used to assess risk associated with a health insurance applicant's lifestyle

and character?


✓ -:- Investigative Consumer Report




7. In insurance, when is the offer usually made on a contract?


✓ -:- When the insurance application is submitted




8. Health contracts are prepared by insurers and must be accepted by the insured on an is

basis. This describes what aspect of health insurance contact?


✓ -:- Contract of adhesion




9. What risk classification would typically qualify for lower premiums?


✓ -:- Preferred risk




10. What is the best way to handle incomplete insurance applications?


✓ -:- Return the application to the applicant for completion




11. What is the main responsibility of a company's underwriting unit?


✓ -:- Risk Selection




2|Page | Grade A+| 2024/2025

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart