K buys a policy where the - Study guides, Class notes & Summaries

Exam Simulator FL-LH - FL Health and Life and Annuity Already Rated A+ A non-contributory plan requires _________ participation of all eligible employees A characteristic of preferred provider organizations (PPOS) would be: 100% Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? Commerce Additional coverage can be added to a whole Life policy by adding a(n): What benefit does the payor clause on...

Texas Life Insurance Exam Exam Questions with Correct Answers Graded A+, Latest updates P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when P receives the policy and pays the premium A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be carrer? 20...

Texas Life & Health Insurance Exam Questions & Answers | Latest Update Graded A+. When must insurable interest exist for a life insurance contract to be valid? - Inception of the contract Insurance contracts are known as ____ because certain future conditions or acts must occur before any claims can be paid. - conditional Which of these require an offer, acceptance, and consideration? - Contract Which of these arrangements allows one to bypass insurable interest laws? - Investor-Originated...

NC Life Insurance Exam Prep Questions and Answers Already Passed An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled An agent who signs a blank contract application or...

Missouri Life Insurance Exam Questions & Answers 100% accurate! 401(k) Plan -ANSWER A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment -ANSWER Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner Accelerated Death Benefit -ANSWER Policy provision that allows f...

NC Life Insurance Exam Prep Questions and Answers 100% Pass An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - ANSWER-A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - ANSWER-Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - ANSWER- Premiums are waived if payor becomes disabled An agent who signs a blank contract ...

NC Life Insurance Exam Prep Questions and Answer An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - Answer- A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Answer- Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - Answer- Premiums are waived if payor becomes disabled An agent who signs a blank contract application...

P is a producer who notices 5 questions on a life application were not answered. What actions should P take? - Set up a meeting with the applicant to answer the remaining questions K buys a policy where the premium stays fixed for the first 5 years. The premium then increases in year 6 and stays level thereafter, all the while the death benefit remains the same. What kind of policy is this? - Modified Whole Life Which of the following would be a valid reason for suspending or revoking an in...

Exam Simulator FL-LH - FL Health and Life and Annuity A non-contributory plan requires _________ participation of all eligible employees 100% A characteristic of preferred provider organizations (PPOS) would be: Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? Commerce Additional coverage can be added to a whole Life policy by adding a(n): decreasing term rider What benefit does the payor clause on a Juve...

An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - Premiums are waived if payor becomes disabled An agent who signs a blank contract application or policy of insurance - Is guilty of a misdemeanor A person is requ...