Texas life insurance - Study guides, Class notes & Summaries

Texas Life Insurance Glossary 100% solved Absolute Assignment - answerA transfer by the policyholder of all control and rights to a third party. Accumulation at Interest Option - answerA dividend or settlement option under which the policyholder allows his dividends or policy proceeds to accumulate interest with the company. Although the dividends or proceeds are not generally taxable, the interest earned is. Actuary - answerOne concerned with the application of probability and statistic...

Texas Life Insurance Study Guide with 100% Correct Answers

TEXAS LIFE INSURANCE EXAM

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Texas Life Insurance Exam-130 Questions with Verified Answers.Texas Life Insurance Exam-130 Questions with Verified Answers.

Xcel solutions final exam Insuring Which health policy clause specifies the amount of benefits to be paid - Answer ️️ - Insuring The investment gains from a universal life policy usually go to - Answer ️️ -The cash value L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer finds out that the applicant misstated their age. What will the insurer do? - Answer ️️ -Adjust the death benefit to a reduced amount An employee is covered unde...

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Who is considered a field underwriter? - correct answer An agent When must insurable interest exist in life insurance? - correct answer Application or issue date If no receipt is issued at the time of application, a statement of good health is usually required at the time of? - correct answer Policy delivery The Medical Information Bureau is?(MIB) - correct answer a source of medical information to alert insurers to adverse medical history A substandard risk compared to a sta...

Texas Life and Health Insurance Exam Q&As (Verified Solutions) 2023 (227 Questions)

Insurance (General concept) - correct answer - transfers the risk of loss from an individual to an insurer - based on the principle of indemnity - based on the principle of risk (risk pooling) insurable interest (General Concept) - correct answer - must exist at the time of the application - insuring one's own life, family member, or a business partner Solicitation and sales presentation - correct answer - illustration- presentation of nonguaranteed elements - buyer's gu...