Rmi 211 exam 4 - Study guides, Class notes & Summaries

Which of the following is a common dividend option found in a participating life insurance policy? - paid-up additions Which of the following is a permissible IRA investment alternative? - Mutual funds Becky is considering the purchase of a whole life policy on her own life. She is concerned that if she becomes disabled, paying premiums will become a burden. Which provision can Becky attach to her life insurance policy to address this concern? - waiver-of-premium provision Brad owns a cash...

RMI 211 Exam 4 1. A contingency beneficiary in a life insurance policy has the right to: - ️ Receive the policy proceeds if the primary beneficiary dies before the insured. 2. A legal reserve in life insurance is a result of: - ️ Excess premiums in the early policy years being invested at compound interest. 3. All of the following are nonforfeiture options found in cash value life insurance policies EXCEPT: - ️ Reduction of premiums. 4. All of the following are requirements that mu...

©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM RMI 211 Exam 4 Questions With Correct Answers A contingency beneficiary in a life insurance policy has the right to - answerreceive the policy proceeds if the primary beneficiary dies before the insured A legal reserve in life insurance is a result of - answerexcess premiums in the early policy years being invested at compound interest All of the following are nonforfeiture options found in cash value life insurance policies EXCEPT - an...

RMI 211 Exam 4 Study Guide with Complete Solutions A contingency beneficiary in a life insurance policy has the right to - Answer️️ -receive the policy proceeds if the primary beneficiary dies before the insured A legal reserve in life insurance is a result of - Answer️️ -excess premiums in the early policy years being invested at compound interest All of the following are nonforfeiture options found in cash value life insurance policies EXCEPT - Answer️️ -reduction of premiu...

RMI 211 Exam 4 Study Guide with Complete Solutions A contingency beneficiary in a life insurance policy has the right to - Answer️️ -receive the policy proceeds if the primary beneficiary dies before the insured A legal reserve in life insurance is a result of - Answer️️ -excess premiums in the early policy years being invested at compound interest All of the following are nonforfeiture options found in cash value life insurance policies EXCEPT - Answer️️ -reduction of premiu...

RMI 211 EXAM 1 – Meek Study Guide with Complete Solutions Risk - Answer️️ -uncertainty concerning the occurrence of a loss Insurance form of risk - Answer️️ -the property or life that is being considered for insurance Loss exposure - Answer️️ -any situation or circumstance in which a loss is possible, regardless of whether a loss occurs Objective risk - Answer️️ -the relative variation of actual loss from expected loss Subjective (perceived) risk - Answer️️ -uncert...

RMI 211 Mock Test Questions With Correct Answers 1) A family's automobile that is a total loss as a result of a collision is an example of which of the following types of risk? I. Speculative risk II. Diversifiable risk A) I only B) II only C) both I and II D) neither I nor II - answerB 2) All of the following are programs to insure nondiversifiable risks EXCEPT A) federal flood insurance. B) auto physical damage insurance. C) Social Security. D) unemployment insurance. - answerB ...