Arkansas life insurance - Study guides, Class notes & Summaries

A life insurance premium is paid each month. The insurer then subtracts a mortality and expense charge from the policy's cash value. This best describes which of the following life insurance policies? A. Whole Life B. Variable Whole Life C. Universal Life D. Adjustable Whole Life - correct answer C. Universal Life What is the name of a single policy covering two or more lives that pays benefits upon the death of the first insured? A. Accidental Death B. Joint Survivorship Life C. Join...

Arkansas Life Insurance Exam Questions With 100% Correct Answers | Verified | Updated 2024. J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? Twisting What is implied authority defined as? Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties A person who is a nonsmoker, average weight, excellent health would fall into what risk cl...

ARKANSAS LIFE INSURANCE EXAM QUESTIONS AND ANSWERS 100% PASS J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - Correct Answer ️️ -Twisting What is implied authority defined as? - Correct Answer ️️ -Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties A person who is a nonsmoker, average weight, excellent health would fal...

Arkansas Life Insurance Exam Questions And Answers Adverse Selection - ANS Insuring of risks that are more prone to losses than the average risk. Death Benefit - ANS The amount paid upon the death of the insured in a life insurance policy. Insurance Policy - ANS A contract between a policy owner/insured and an insurance company which agrees to pay the insured or the beneficiary for loss caused by specific events. Insured - ANS Person covered by the insurance policy; may or...

Arkansas Life Insurance Exam Questions and Answers 100% Correct 2024 J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - CORRECT ANSWER-Twisting What is implied authority defined as? - CORRECT ANSWER-Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties A person who is a nonsmoker, average weight, excellent health would fall i...

Arkansas Life Insurance Exam with correct Answers

Arkansas Life Insurance Exam

ARKANSAS LIFE INSURANCE EXAM 2024 QUESTIONS WITH COMPLETE SOLUTIONS, GRADED A+

ARKANSAS LIFE INSURANCE TRAINING

ARKANSAS LIFE INSURANCE EXAM