Life insurance guide - Study guides, Class notes & Summaries

Life, Accident and Health Final Exam Questions With 100% Correct Answers Which of the following provides benefits for the treatment of gum disease? A. Endodontics B. Orthodontics C. Periodontics D. Prosthodontics - answerC. Periodontics The Insured and primary beneficiary die in a common accident. The insured dies at the scene and the beneficiary dies thirty six days later. To whom is the $250k death benefit paid? A. The State Department of Revenue B. The Contingent Beneficiary C. The...

Texas Health and Life Insurance ExamFX What is the purpose of the buyer's guide? A.To Allow the consumer to compare the costs of different policies B. To provide the name and address of the agent. C. to list all policy riders. D. To provide information about the policy. - A.To Allow the consumer to compare the costs of different policies Which of the following best describes the concept that the insured pays a small amount of premium for a large amount of risk on the part of the ins...

ExamFX Life Insurance Final Exam Questions and Answers 100% AccurateExamFX Life Insurance Final Exam Questions and Answers 100% AccurateExamFX Life Insurance Final Exam Questions and Answers 100% Accurate A buyer's guide - ANSWER-The entire contract includes all of the following EXCEPT... The death benefit is not increased - ANSWER-All of the following statements about indexed whole life insurance EXCEPT... A Warranty - ANSWER-What guarantees that the information explained in the insu...

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Incontestable period Probation period Reinstatement period Grace period - ANSWER_Grace period A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? Standard Substandard Acceptable Preferred - ANSWER_Preferred Which of these is affected by the frequency of an insurance policy's premium payments? Settlement options Cash value Death benefit Cost - ANSWER_Cost A Buyer's Guide MUST display year-by-y...

Annual Renewable Term (ART) - Type of term insurance that permits the policyholder to purchase term insurance in subsequent years without evidence of insurability, but premiums on the policy increase each year to reflect the increasing mortality risk being undertaken by the insurer. Annuity - Periodic payment to an individual that continues for a fixed period or for the duration of a designated life or lives. Asset Accumulation Phase - Phase from early 20s to late 50s when cash flow for in...

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....

Arkansas Life Insurance Exam Terms Complete Guide Accelerated Benefits ️Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits ️A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance ️An insurance policy that provides payment if the insured's death is the result o...

MD Insurance Exam – Life Questions and Answers 100% Pass Accelrated Benefits Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies witht he policy description of accidental death Accumulation Period The time before an annuitant's retirement during which the annuitant is making Accidental Death Ins...

TEXAS FINAL EXAM HEALTH & LIFE INSURANCE GUIDE QUESTIONS WITH COMPLETE ANSWERS