Pa life insurance exam - Study guides, Class notes & Summaries

PA Life Insurance Exam

PA Life Insurance License Exam

PA Life Insurance Exam | Questions and answers | Latest | NEWEST

Insurable Interest The policyowner must face the possibility of losing money or something of value in the event of loss...Must exist at the time of application Personal Uses of Life Insurance Survivor protection, estate creation/conservation, Liquidity, Asset protection Purchase of Life Insurance creates this Immediate estate Liquidity The policy's cash values can be borrowed against at any time and used for immediate needs Asset Protection The use of life insurance to guard one's weal...

Single premium cash value policy can be described as.. - correct answer a policy that is paid up only after one payment All of the following are considered appropriate uses of life insurance.. - correct answer - attracting quality employees by offering a group life plan - protecting the business by covering key employees with life insurance - funding an entity buy sell agreement The do not call list offers exemption from all except - correct answer life insurance Ken is a producer wh...

PA Life Insurance Exam

Term Life Insurance Temporary protection, only provides coverage for a specific period of time. Also known as pure life insurance. Pure Death Protection What is provided by Term insurance. If the insured dies during this term, the policy pays the death benefit to the beneficiary. Level Term Insurance Most common type of temporary protection purchased. Refers to the fact that the death benefit does not change throughout the life of the policy Level Premium Term Provides a level death benefit a...

Single premium cash value policy can be described as.. a policy that is paid up only after one payment All of the following are considered appropriate uses of life insurance.. - attracting quality employees by offering a group life plan - protecting the business by covering key employees with life insurance - funding an entity buy sell agreement The do not call list offers exemption from all except life insurance Ken is a producer who has consumer info reports under false pretenses under the ...

PA Life Insurance License Exam Practice Questions and Answers (100% Pass)