Loma 281 exam - Study guides, Class notes & Summaries

LOMA 281 Exam Questions with Correct Answers waiver of premium for payor benefit - Answer-insurer waives renewal premiums if the policy owner, rather than the insured, dies or becomes totally disabled (must provide evidence of insurability) Contracts of Indemnity - Answer-base benefits on the actual amount of the financial loss that results from a covered event when it occurs, subject to maximum limits (other than life insurance) Valued Contract - Answer-life insurance policies which s...

LOMA 281 Module 2 Exam with Complete Solutions Graded A+ The type of annuity contract under which the insurer guarantees at least a minimum interest rate and a payment amount that won't change is known as a a. Variable annuity b. Fixed annuity - Answer-B. Premiums paid for a variable annuity typically are placed in the insurer's a. General account b. Separate account - Answer-B. In this exercise, you will match each variable annuity contract feature with its name. Guarantees ...

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LOMA 281 Exam Study Guide with Complete Solutions waiver of premium for payor benefit - Answer️️ -insurer waives renewal premiums if the policy owner, rather than the insured, dies or becomes totally disabled (must provide evidence of insurability) Contracts of Indemnity - Answer️️ -base benefits on the actual amount of the financial loss that results from a covered event when it occurs, subject to maximum limits (other than life insurance) Valued Contract - Answer️️ -life in...

LOMA 281 Meeting Customer Needs with Insurance Annuities Exam

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LOMA 281 Exam Questions with Correct Answers waiver of premium for payor benefit - Answer-insurer waives renewal premiums if the policy owner, rather than the insured, dies or becomes totally disabled (must provide evidence of insurability) Contracts of Indemnity - Answer-base benefits on the actual amount of the financial loss that results from a covered event when it occurs, subject to maximum limits (other than life insurance) Valued Contract - Answer-life insurance policies which s...

LOMA 281: Module 1 Lesson 1 - Risk and Insurance Comprehensive Exam || Questions & Answers (Graded A) LOMA 281: Module 1 Lesson 1 - Risk and Insurance Comprehensive Exam || Questions & Answers (Graded A) LOMA 281: Module 1 Lesson 1 - Risk and Insurance Comprehensive Exam || Questions & Answers (Graded A)