Nevada life health - Study guides, Class notes & Summaries

Nevada Life & Health Insurance QUESTIONS AND REVISED CORRECT ANSWERS | UPDATED !! Term insurance - ANSWER : temporary protection because it only provides coverage for a specific period of time Face amount - ANSWER : death benefit 3 basic types of term coverage - ANSWER : level, increasing, decreasing - based on how the face amount changes during the policy term What is the premium in term insurance? - ANSWER : regardless of type of term insurance purchased, premium is level t...

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NEVADA LIFE AND HEALTH LICENSE EXAM 2024 WITH 100% CORRECT ANSWERS What are the four required elements of an insurance contract? - correct answer Agreement, consideration, competent parties, and legal purpose. What two parts make up a life insurance application? - correct answer General Information and the Medical Information. An agent's report can go in a life insurance application but is not included in the life insurance policy. When must insurable interest exist in life insuranc...

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Nevada Life & Health Insurance Questions and Answers Rated A+ term insurance temporary protection because it only provides coverage for a specific period of time face amount death benefit 3 basic types of term coverage level, increasing, decreasing - based on how the face amount changes during the policy term What is the premium in term insurance? regardless of type of term insurance purchased, premium is level throughout the term of policy level term insurance death benefit...

NEVADA LIFE, ACCIDENT, HEALTH INSURANCE EXAM 2024/2025 What are the 2 types of Flexible Spending Accounts? - Precise Answer Health care accounts and Dependent care accounts Concerning a Whole Life Policy, which of the following statements is correct? - Precise Answer Cash value is guaranteed According to the rights of renewability rider for cancellable policies, all of the following are correct about the cancellation of an individual insurance policy EXCEPT - Precise Answer Unearned p...