Arkansas insurance exam - Study guides, Class notes & Summaries

Arkansas Insurance Adjuster State License Exam – Questions & Answers (Graded A+) Arkansas Insurance Adjuster State License Exam – Questions & Answers (Graded A+) what is the purpose of settlement options? - ANSWER - They determine how death proceeds will be paid which of the following determines the cash value of a variable life policy? - ANSWER - The performance of the policy portfolio An insured owns a life insurance policy. To be able to pay some of her medical bills, she withdr...

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An insured receives an annual life insurance dividend check. What term best describes this arrangement? AReduction of Premium BAnnual Dividend Provision CAccumulation at Interest DCash option - ANSWER-D The cash option allows an insurer to send the policyholder an annual, nontaxable dividend check. A provision in a life insurance policy that provides for the early payment of some portion of the policy face amount should the insured suffer from a terminal illness or injury is called AVia...

An insured receives an annual life insurance dividend check. What term best describes this arrangement? AReduction of Premium BAnnual Dividend Provision CAccumulation at Interest DCash option - ANSWER-D The cash option allows an insurer to send the policyholder an annual, nontaxable dividend check. A provision in a life insurance policy that provides for the early payment of some portion of the policy face amount should the insured suffer from a terminal illness or injury is called AVia...

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Arkansas Insurance Exam Complete Questions & what is the purpose of settlement options? - ANSWER They determine how death proceeds will be paid which of the following determines the cash value of a variable life policy? - ANSWER The performance of the policy portfolio An insured owns a life insurance policy. To be able to pay some of her medical bills, she withdraws a portion of the policy's cash value. There is a limit for a withdrawal and the insurer charges a fee. What type of policy d...

Arkansas insurance exam

ARKANSAS INSURANCE EXAM