Arkansas life insurance - Study guides, Class notes & Summaries

Arkansas Life Insurance Exam. 182 Questions With 100% Correct Answers 2024. Updated. A life insurance premium is paid each month. The insurer then subtracts a mortality and expense charge from the policy's cash value. This best describes which of the following life insurance policies? A. Whole Life B. Variable Whole Life C. Universal Life D. Adjustable Whole Life C. Universal Life What is the name of a single policy covering two or more lives that pays benefits upon the death of the ...

ARKANSAS LIFE INSURANCE EXAM QUESTIONS AND ANSWERS 100% PASS J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - Correct Answer ️️ -Twisting What is implied authority defined as? - Correct Answer ️️ -Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties A person who is a nonsmoker, average weight, excellent health would fal...

J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - Answer Twisting What is implied authority defined as? - Answer Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties A person who is a nonsmoker, average weight, excellent health would fall into what risk classification? - Answer Preferred Which of the following is cons...

XCEL- Arkansas Life Insurance Final Exam Questions And Answers blackout period Period following the death of a family breadwinner during which no Social Security benefits are available to the surviving spouse. per capita for each person; in relation to people taken individually, is a method of life insurance distribution using total number of individuals this means that all living members that are identified in the life insurance policy will receive an equal Brainpower Read ...

Arkansas Life Insurance Exam Terms Latest Updated 2024/2025 Accelerated Benefits - Correct Answer Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - Correct Answer A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance - Correct Answer An insurance policy that provides ...

Arkansas Life Insurance Exam Questions and Answers 100% Correct 2024 J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - CORRECT ANSWER-Twisting What is implied authority defined as? - CORRECT ANSWER-Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties A person who is a nonsmoker, average weight, excellent health would fall i...

Arkansas Life Insurance Exam with correct Answers

ARKANSAS LIFE INSURANCE EXAM 2024 QUESTIONS WITH COMPLETE SOLUTIONS, GRADED A+

Arkansas Life Insurance Exam

Arkansas Life Insurance Exam Questions And Answers Adverse Selection - ANS Insuring of risks that are more prone to losses than the average risk. Death Benefit - ANS The amount paid upon the death of the insured in a life insurance policy. Insurance Policy - ANS A contract between a policy owner/insured and an insurance company which agrees to pay the insured or the beneficiary for loss caused by specific events. Insured - ANS Person covered by the insurance policy; may or...