INS 3303 Life Insurance Exam 2 Ch 9 11 19 22
Chamberlian School of Nursing
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Exam (elaborations) INS 3303 Life Insurance Exam 2 Ch 9 11-19 22
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A policy that originally is not a modified endowment contract will be subject
to re-testing if there is a "material change" in the contract. Which of the
following would likely be a material change?
Answer
Selected
Answer:
Increases in death benefits because of premiums paid for the
policy to support the first seven contract years of benefits.
Correct
Answer:
An exchange of one policy for another policy in a 1035
exchange.
• Question 2
0 out of 5 points
A policy that automatica...
Exam (elaborations)
Exam (elaborations) INS 3303 Life Insurance Exam 2 Ch 9 11-19 22
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A policy that originally is not a modified endowment contract will be subject to re-testing if there is a "material change" in the contract. Which of the following would likely be a material change? Answer Selected Answer: Increases in death benefits because of premiums paid for the policy to support the first seven contract years of benefits. Correct Answer: An exchange of one policy for another policy in a 1035 exchange. • Question 2 0 out of 5 points A policy that automatica...
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