Loma 281 module 3 Study guides, Class notes & Summaries

LOMA 281 Module 3 Questions and Answers 2024 with complete solution Waiver of premium for disability (WP) Benefit - Answer ️️ -A supplemental life insurance policy benefit under which the insurer promises to give up—to waive—its right to collect premiums that become due while the insured is totally disabled. - satisfies a 3-6 month waiting period: meaning for the first 3-6 months the person must cover it The WP benefit typically defines total disability for the insured as being una...

LOMA 281 Module 3 Exam 2024 || Questions & Answers 100% VerifiedLOMA 281 Module 3 Exam 2024 || Questions & Answers 100% VerifiedLOMA 281 Module 3 Exam 2024 || Questions & Answers 100% VerifiedLOMA 281 Module 3 Exam 2024 || Questions & Answers 100% Verifiedv

Waiver of premium for disability (WP) Benefit - ANSWER A supplemental life insurance policy benefit under which the insurer promises to give up—to waive—its right to collect premiums that become due while the insured is totally disabled. - satisfies a 3-6 month waiting period: meaning for the first 3-6 months the person must cover it The WP benefit typically defines total disability for the insured as being unable to perform the duties of? a. Any occupation b. The insured's own prev...

LOMA 281 Module 3 Study Questions and Answers Top-Rated correctly Waiver of premium for disability (WP) Benefit - answerA supplemental life insurance policy benefit under which the insurer promises to give up—to waive—its right to collect premiums that become due while the insured is totally disabled. - satisfies a 3-6 month waiting period: meaning for the first 3-6 months the person must cover it The WP benefit typically defines total disability for the insured as being unable to perf...

Waiver of premium for disability (WP) Benefit correct answers A supplemental life insurance policy benefit under which the insurer promises to give up—to waive—its right to collect premiums that become due while the insured is totally disabled. - satisfies a 3-6 month waiting period: meaning for the first 3-6 months the person must cover it The WP benefit typically defines total disability for the insured as being unable to perform the duties of? a. Any occupation b. The insured's o...

LOMA 281 Module 3 | with complete solution | latest

LOMA 281 Module 3 Study Questions and Answers Top-Rated correctly Waiver of premium for disability (WP) Benefit - answerA supplemental life insurance policy benefit under which the insurer promises to give up—to waive—its right to collect premiums that become due while the insured is totally disabled. - satisfies a 3-6 month waiting period: meaning for the first 3-6 months the person must cover it The WP benefit typically defines total disability for the insured as being unable to perf...

LOMA 281 Module 3 Exam Questions and Answers

LOMA 281 Module 3 Questions with Correct Answers Material misrepresentation - Answer-A misrepresentation that would affect an insurance company's evaluation of a proposed insured and, thus, gives the insurer grounds to avoid an insurance contract. Fraudulent misrepresentation - Answer-A misrepresentation that was made with the intent to induce the other party to enter into a contract and that did induce the innocent party to enter into the contract. Grace period provision - Answer-An in...

Waiver of premium for disability benefit - ANSWER A supplemental life insurance policy benefit under which the insurer promises to give up - to waive - its right to collect premiums that become due while the insured is totally disabled. Waiver of premium for payor benefit - ANSWER A supplemental life insurance policy benefit under which the insurer agrees to waive its right to collect a policy's renewal premiums if the policyowner dies or becomes totally disabled. Disability income benefi...