INS 3303 Life Insurance Exam 2 Ch 9 11 19 22 (INS3303)
Harvard University
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INS 3303 Life Insurance Exam 2 Ch 9 11-19 22
- Exam (elaborations) • 15 pages • 2022
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INS 3303 Life Insurance Exam 2 Ch 9 11-19 22 
A policy that originally is not a modified endowment contract will be subject 
to re-testing if there is a "material change" in the contract. Which of the 
following would likely be a material change? 
Answer 
Selected 
Answer: Increases in death benefits because of premiums paid for the 
policy to support the first seven contract years of benefits. 
Correct 
Answer: An exchange of one policy for another policy in a 1035 
exchange. 
• Questi...
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INS 3303 Life Insurance Exam 2 Ch 9 11-19 22 (INS3303)
- Exam (elaborations) • 15 pages • 2021
-
- $9.99
- + learn more
Exam (elaborations) INS 3303 Life Insurance Exam 2 Ch 9 11-19 22 (INS3303) 
A policy that originally is not a modified endowment contract will be subject 
to re-testing if there is a "material change" in the contract. Which of the 
following would likely be a material change? 
Answer 
Selected 
Answer: 
Increases in death benefits because of premiums paid for the 
policy to support the first seven contract years of benefits. 
Correct 
Answer: 
An exchange of one policy for another policy in a...
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