Cash nonforfeiture option - Study guides, Class notes & Summaries
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Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A
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Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A 
 
Q: Which of these techniques will remove the risk of losing money in the stock market by never purchasing stocks? 
 
 
Answer: 
Risk avoidance 
Risk avoidance could eliminate the risk of losing money in the stock market by never investing in stocks. 
 
 
 
Q: Which of the following nursing home options would BEST suit an individual who needs some nursing care and supe...
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Final Exam - Michigan Life and Health Latest Update with Verified Solutions
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Making a statement that is false or maliciously critical of the financial condition of an insurer is 
known as defamation 
Which type of business insurance is meant to cover the costs of continuing to do business while 
the owner is disabled? Business overhead expense policy 
Dorian exercised a nonforfeiture option by using his life policy's cash value to purchase an 
extended term insurance option. When the term insurance expires, the protection ends 
To receive proceeds from a death benefit, ...
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Final Exam - Michigan Life and Health Latest Update with Verified Solutions
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Final Exam - Michigan Life and Health 
Latest Update with Verified Solutions 
 
Making a statement that is false or maliciously critical of the financial condition of an insurer is 
known as defamation 
 
Which type of business insurance is meant to cover the costs of continuing to do business while 
the owner is disabled? Business overhead expense policy 
 
Dorian exercised a nonforfeiture option by using his life policy's cash value to purchase an 
extended term insurance option. When the ter...
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Exam FX Life Insurance Final Exam questions with accurate answers. 100% Verified.
- Exam (elaborations) • 7 pages • 2023
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Exam FX Life Insurance Final Exam questions with accurate answers. 100% Verified. 
 
 
A buyer's guide -ANS/QUIZ The entire contract includes all of the following EXCEPT... 
 
The death benefit is not increased -ANS/QUIZ All of the following statements about indexed whole life insurance EXCEPT... 
 
A Warranty -ANS/QUIZ What guarantees that the information explained in the insurance contract is true? 
 
(1) the policy, (2) a copy of the application, and (3) any riders or amendments. -ANS/QUIZ T...
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Michigan Life and Health Exam Study Questions and Answers Graded A 2024
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defamation - Making a statement that is false or maliciously critical of the financial condition of an insurer is known as 
 
Business overhead expense policy - Which type of business insurance is meant to cover the costs of continuing to do business while the owner is disabled? 
 
the protection ends - Dorian exercised a nonforfeiture option by using his life policy's cash value to purchase an extended term insurance option. When the term insurance expires, 
 
must have an appointed guardian -...
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Pennsylvania Life Insurance – Provisions Questions and Answers Already Passed
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Pennsylvania Life Insurance – 
Provisions Questions and Answers 
 
Already Passed 
 
Which of these is NOT a typical life insurance nonforfeiture option? 
Reduced paid-up option 
Extended term option 
Cash surrender option 
Life income settlement option Life Income Settlement Option 
 
A life insurance policy's waiver of premium rider has the ability to 
waive the premium payments in the event the insured becomes financially insolvent 
waive the premium payments in the event the insured becom...
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South Carolina life insurance exam study set Questions and Answers 2024 Verified
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South Carolina life insurance exam 
study set Questions and Answers 2024 
Verified 
An insurer will accept a premium from the insured and continue theicoverage in full 
force as though it 
was NOT late during which time period? 
Incontestable period 
Probation period 
Reinstatement period 
Grace period - CORRECT 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...
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LOMA 281 Exam with Complete Solutions Graded A+
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LOMA 281 Exam with Complete Solutions Graded A+ 
Extended term life insurance nonforfeiture option - Answer-policy owner can discontinue paying premiums and use the policy's net cash surrender value to purchase term insurance. this term insurance is for the full coverage amount provided under the original policy for as long a term as the net cash surrender value can provide 
 
automatic premium loan option - Answer-insurer will automatically pay an overdue premium by making a loan against the p...
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Maryland Life and Health General Exam 2024
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If a disability income policy contains a cost-of-living adjustment rider, benefits must typically be increased - correct answer at least once per year from when benefits begin 
 
Which of these statements regarding the extended term insurance nonforfeiture option in a life policy is accurate? - correct answer the premium to purchase the coverage comes from the policy's cash value 
 
Which of the following is not a reason for a business to buy key person life insurance? - correct answer an incre...
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Florida life Insurance Prep Questions And Correct Answers
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Florida life Insurance Prep 
Questions And Correct Answers 
Which of the following is an example of nonforfeiture option? - 
ANSWER reduced paid-up option 
All of the following statements about major medical benefits are 
true, EXCEPT: - ANSWER Benefits have no maximum limit 
What type of annuity has a cash value that is based upon the 
performance of it's underlying investment funds? - ANSWER 
variable 
An individual participant personally received eligible rollover 
funds from a profit-s...
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