Life insurance exam prep - Study guides, Class notes & Summaries

CNPR Exam Prep Questions With Answers Pharmaceuticals are arguably the most socially important healthcare product - ANS True Pharmaceuticals is a high risk under-taking, in which many promising leads prove disappointing - ANS True Pharmaceutical sales are highest in which geographical regions? - ANS The US, Western Europe and Japan What has fueled recent growth in the pharmaceutical industry? - ANS Population growth and increased life expectancy The US accounts for about ...

Which of the following is an example of an unauthorized insurance company in Illinois? Company C, a Florida-based company that does not hold a certificate of authority Illinois but whose products are approved by the Illinois insurance department Company D, a Canadian company that holds a certificate of authority in Illinois Company B, an Iowa-based company that does not hold a certificate of authority in Illinois and sells products that are not approved by the Illinois insurance department ...

Nevada Life and Health License Exam Prep Questions with 100% Correct Answers What are the four required elements of an insurance contract? - Answer- Agreement, consideration, competent parties, and legal purpose. What two parts make up a life insurance application? - 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 insurance? - Answ...

NC Life Insurance Exam Prep With 100% Correct Answers An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - answerA policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - answerSharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - answerPremiums are waived if payor becomes disabled An agent who signs a blank contract application ...

An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - ANSWER A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - ANSWER Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - ANSWER Premiums are waived if payor becomes disabled An agent who signs a blank contract application or policy of insurance - ANSWER Is guilty of a mis...

Circulation of any oral or written statement or any pamphlet, circular, article or literature that is false or maliciously critical of or derogatory to the financial condition of an insurer is known as - ️️Defamation Whole Life insurance are contractually guaranteed to provide each of the following EXCEPT? - ️️Partial withdrawal features beyond a surrender charge period An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - ️️A policy sum...

NC Life Insurance Exam Prep Questions and Answers Already Passed An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled An agent who signs a blank contract application or...

NC Life Insurance Exam Prep Questions with Verified Solutions A 15-year mortgage is best protected by what kind of life policy? - Answer 15-year decreasing term A 42 year old executive wants to purchase life insurance that will allow for increases or decreases to coverage as his/her needs change. Which of the following policies will best meet this need? - Answer Universal life A father who dies within 3 years after purchasing a life insurance policy on his infant daughter can hav...

Life Insurance Exam Prep Questions and Answers Rated A+ Primary purpose for a rating service company such as A.M best? To determine financial strength of an insurance company Primary reason for buying life insurance? Provide death benefits What is described as an insurers ability to make unpredictable payouts to its policy owners? Liquidity What is described as a plan in which an employer pays insurance benefits from a fund derived from the employers current revenue? Self-Funded Plan Which p...

NC Life Insurance Exam Prep With 100% Correct Answers An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - answerA policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - answerSharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - answerPremiums are waived if payor becomes disabled An agent who signs a blank contract application ...