Key person life insurance Study guides, Class notes & Summaries
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Florida 2-15 Final Exam
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When life insurance proceeds are used to pay inheritance taxes and federal estate taxes, it is known as - Answer- Estate conservation 
 
In group insurance, the primary purpose of the Coordination of Benefits provision is to - Answer- Prevent overinsurance 
 
Which of the following statements is NOT true regarding health insurance policy provisions? - Answer- All additional provisions written by insurers are cataloged by their respective states. 
 
The policyowner has an option to pledge the lif...
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exam fx life and health questions with complete solutions
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An insured purchased a 10-year level term life policy that is guaranteed renewable and convertible. What happens at the end of the 10-year term? correct answer: The insured may renew the policy for another 10 years, but at a higher premium rate. 
 
Which of the following statements is TRUE concerning whole life insurance? correct answer: Lump-sum death benefits are not taxable. 
 
A corporation is the owner and beneficiary of the key person life policy. If the corporation collects the policy b...
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MI Life Insurance Exam FX snapshot Q & A With Complete Solutions
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What is insurance? correct answer: Insurance transfers the risk of loss from an individual or business entity to an insurance company, which in turn spreads the costs of unexpected losses to many individuals. 
 
What is risk? correct answer: Risk is the uncertainty or chance of a loss occurring. 
 
What is peril? correct answer: Perils are the causes of loss insured against in an insurance policy. 
 
What are the elements of insurable risk? correct answer: Loss must be 
1. due to chance 
2....
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Test Bank For Mental Health Nursing 6th Edition by Linda Gorman, Robynn Anwar
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Test Bank Mental Health Nursing 6th Edition by Linda Gorman, Robynn Anwar. 
ISBN: 9781719645607. 
Mental Health Nursing 6e test bank. TOC:=UNIT ONE: Foundations for Mental Health Nursing 
UNIT TWO: Threats to Mental Health 
UNIT THREE: Special Populations 
UNIT ONE Foundations for Mental Health Nursing 
CHAPTER 1 History of Mental Health Nursing 
THE TRAILBLAZERS 
Florence Nightingale 
Dorothea Dix 
Linda Richards 
Harriet Bailey 
Effie Jane Taylor 
Mary Mahoney 
Hildegard Peplau 
Hattie Bessent...
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Ohio Life, Accident & Health Insurance Exam Questions and Answers Latest 2024 (Series 11-35), Life Insurance Basics
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What type of report provides information about an applicant's hobbies, habits, 
and financial status? - CORRECT ANSWER-Investigative consumer report 
What are the three factors that determine the premium for a particular life 
insurance policy? - CORRECT ANSWER-Mortality, interest, expense 
How does the premium mode affect the total premium paid for insurance for the 
year? - CORRECT ANSWER-Higher frequency of payments will result in higher 
overall premium 
Can insurers advertise the existence...
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Webce Insurance test questions and answers with complete Solution
- Exam (elaborations) • 53 pages • 2022
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Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 
 
20 
30 
10 
45 - ANSWER 10 days 
 
Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? 
 
 She must move to Pennsylvania. 
 She must surrende...
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Webce Insurance test questions and Answers 2023 with complete Solution.
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Webce Insurance test questions and Answers 2023 with complete Solution. 
Agent Thompson received a letter from the Department of Insurance asking her to 
provide proof of completing the continuing education requirements. Within how many 
days must Agent Thompson respond to the Department's inquiry? 
20 
30 
10 
45 - ANSWER 10 days 
Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply 
for a nonresident license in Pennsylvania. Which of the following conditions ...
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Florida Health 240 Insurance with 100% correct answers
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Rules of Construction 
Help to identify and establish the intent of the parties to the contract 
 
 
 
Utmost good faith 
Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. 
 
 
 
Aleatory Contract 
A contract under which one party's performance is contingent on an uncertain event. 
 
 
 
property and casualty agent 
has the power to bind the insurer...
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NC Life Exam Questions With 100% Correct Answers 2024
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NC Life Exam Questions With 100% Correct 
Answers 2024 
The validity of the policy cannot be conested once it has been in force for at least how many 
years after its date of issue? - answer2 Years 
A rider attached to a life insurance policy that provides coverage on the insured's family 
members is called the - answerOther-insured rider 
When an insured makes truthful statements on the application for insurance and pays the 
required premium, it is know as what - answerConsideration 
The regu...
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CA Life Insurance | Questions with 100% correct answers | verified
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A key person is typically all of the following, except: - -Not directly involved in sales, production, or 
service 
Key persons are employees whose contributions have a significant impact on the revenue and 
profitability of the company, especially in small businesses. They are typically: part of the management 
team, more highly paid, respected by customers, creditors, suppliers, and vendors, and have direct 
responsibilities for sales, production, or service. 
Which one of the following is not...
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