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LIFE INSURANCE FINAL EXAM A-B #2 STUDY GUIDE (WFG)

john owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of policy is this? -Non-participating -Contributory -Participating -Surplus - "Participating". Participating policies give the policyowner the right to share in the insurer's surplus

John owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of policy is this? -Non-participating -Contributory -Participating -Surplus - "Participating". Participating policies give the policyowner the right to share in the insurer's surplus. Which of the following is NOT a benefit of insurance? -Reduces the uncertainty of loss exposures -Losses due to fraud are eliminated -Makes a loss whole again -Source of investment funds - "Losses d...

Which of the following statements regarding a life insurance policy dividend is TRUE? -It represents the build-up of cash value in a permanent insurance policy -It is a stockholders return on his investment in the company -It represents a refund of overcharged premium in a non-participating whole life policy -It is the distribution of excess of funds accumulated by the insurer on participating policies - "It is the distribution of excess of funds accumulated by the insurer on participa...

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John owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of policy is this? -Non-participating -Contributory -Participating -Surplus - "Participating". Participating policies give the policyowner the right to share in the insurer's surplus. Which of the following is NOT a benefit of insurance? -Reduces the uncertainty of loss exposures -Losses due to fraud are eliminated -Makes a loss whole again -Source of investment funds - "Losses du...