Option to renew - Study guides, Class notes & Summaries
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PSI Life, Accident, and Health Questions and Answers Already Passed
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PSI Life, Accident, and Health Questions 
 
and Answers Already Passed 
 
How long after being entitled to disability benefits will an individual be eligible to receive 
Medicare benefits? 
A. immediately 
B. 1 year 
C. 2 years 
D. At age 65 2 years 
 
What is the return of premium rider? 
A. an increasing amount of term insurance that always equals the total of premiums paid up to 
the current point 
B. a provision that allows the insured to cancel the policy in the first two years and have 
pr...
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CLFP EXAM - Financial and Tax Accounting for Leases Latest Exam Guide 2024.
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CLFP EXAM - Financial and Tax Accounting for Leases Latest Exam Guide 2024. 
What is a primary goal of the accounting profession? - Correct answer-Consistent 
treatment of like transactions to allow clarity in presentation and consistency in 
interpretation of financial statements prepared by various individuals or entities. 
How did APB (Accounting Principals Board) fail? - Correct answer-Created Opinion #5 
(Reporting of Leases in Financial Statements of Lessees) and Opinion #7 (Accounting 
fo...
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CONNECTICUT LIFE AND HEALTH FINAL EXAM 2024/ACTUAL EXAM QUESTIONS & ANSWERS ALREADY GRADED A+
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CONNECTICUT LIFE AND HEALTH FINAL EXAM 2024/ACTUAL EXAM QUESTIONS & ANSWERS ALREADY GRADED A+ 
 
 
Someone who is licensed to negotiate a life settlement contract is called a Answer - Life settlement broker 
 
Chris has a single major medical contract which covers all medical expenses. His plan is considered to be Answer - comprehensive 
 
What typically changes at the re-entry option date found in some life insurance policies? Answer - Premium - a re-entry option gives the insured the opportuni...
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CLFP Financial and Tax Accounting for Leases Exam Questions and Answers – Latest 2024/2025 Graded A+.
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CLFP Financial and Tax Accounting for Leases Exam Questions and Answers – Latest 2024/2025 Graded A+. What is a primary goal of the accounting profession? correct answerConsistent treatment of like 
transactions to allow clarity in presentation and consistency in interpretation of financial statements 
prepared by various individuals or entities. 
How did APB (Accounting Principals Board) fail? correct answerCreated Opinion #5 (Reporting of Leases 
in Financial Statements of Lessees) and Opini...
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Florida Life, Health and Variable Annuity Exam/ 170+ Q&A/ 2024-2025.
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Florida Life, Health and Variable Annuity Exam/ 170+ Q&A/ . Terms like; 
 
Increasing Term Insurance - Answer: insurance that provides a death benefit that increases at periodic intervals over the policy's term. Usually used to cover a BUY SELL AGREEMENT and is usually purchased as a COST-OF-LIVING RIDER. 
 
Features of Term Life - Answer: option to renew an option to convert
Too much month left at the end of the money?
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PSI LIFE INSURANCE TEST QUESTIONS AND ANSWERS GRADED A+
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How long after being entitled to disability benefits will an individual be eligible to receive 
Medicare benefits? 
2 years 
What is the return of premium rider? 
an increasing amount of term insurance that always equals the total of premiums paid up to the current point 
In a home healthcare benefit, all of the following are eligible expenses EXCEPT 
blood transfusions 
All of the following are classifications of risk EXCEPT 
non-nicotine 
Which of the following is exempted from the incontestab...
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NJ Life Insurance Test Questions and Answers
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NJ Life Insurance Test Questions and Answers 
A reinstatement clause outlines reinstatement conditions that include - Answer-A. a higher premium charge. 
 
B. payment of outstanding loans within the year. 
 
C. proof of insurability. 
 
D. a decrease in policy limits. 
 
Answer 
C 
 
All of the following are characteristics of the Accelerated Death Benefit option EXCEPT - Answer-A. the maximum benefit is a percentage of the face amount of insurance, and there may also be a dollar limit 
 
B. s...
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NC LIFE insurance state exam questions and answers 100% pass
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NC LIFE insurance state exam questions and answers 100% pass CREDIT LIFE a special type of coverage written to the life of the debtor and pay off the balance of a loan in the event of the death of the debtor. 
BUY-SELL AGREEMENTS a legal contract that determines what will be done with a business in the event that an owner dies or becomes disabled. Otherwise known as a business continuation agreement 
INSURABLE INTEREST to purchase insurance the policy owner must face the possibility of losing mo...
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NJ LIFE PRODUCER LIFE INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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NJ LIFE PRODUCER LIFE INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS 
 
 
An insurer must renew a renewable term policy at the policyowner's request regardless of the insurability status of the insured. - Precise Answer Renewable Term Life Insurance 
 
The settlement option that provides for payments to be made in regular installments to a beneficiary until the principal and interest are exhausted best describes: - Precise Answer Fixed-amount 
 
What hours of operation is a branch office...
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Tennessee Life Insurance exam 2024 with 100% correct answers
- Exam (elaborations) • 17 pages • 2024
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Tennessee Life Insurance exam 2024 with 100% correct answers 
 
 
An insured purchased a Life Insurance policy. The agent told him that depending upon the company's investments and expense factors, the cash values could change from those shown in the policy at issue time. The policy is a/an - correct answer interest-sensitive whole life 
 
Which of the following is NOT true of life settlements? - correct answer the seller must be terminally ill 
 
The paid-up addition option uses the dividend -...
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