In a life settlemen - Study guides, Class notes & Summaries

XCEL SOLUTIONS CHAPTER 3 - POLICY PROVISIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ A potential client, age 40, would like to purchase a whole life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correct? Correct Answer: 20-pay life accumulates cash value faster than straight life D owns a whole life policy that was purchased 10 years ago. If the premium paym...

Which of the following is NOT an unfair claim settlement practice? Correct Answer: Needing written documentation of claim details Z is an agent who violated the Insurance Information and Privacy Protection Act. Z was then issued and served a statement of charges and notice of hearing by the Commissioner of Insurance. Z's hearing date must be at least ____ days after service of charges. Correct Answer: 10 K sent a renewal premium payment to her insurer that would extend her coverage ...

3 years. - Answer- Life settlement brokers must keep a record of commission and compensation disclosures for life settlement contracts for the minimum of how many years? 15 days. - Answer- In a life settlement transaction, the owner must be made aware of his or her right to rescind the contract within how many days after the receipt of the life settlement proceeds? Life Settlement Contract. - Answer- The form used to establish the terms for both parties when a person sells his life insuran...

Chapter 01: Community- and Prevention-Oriented Practice to Improve Population Health Stanhope: Foundations for Population Health in Community/Public Health Nursing, 5th Edition MULTIPLE CHOICE 1. Which of the following best describes community-based nursing? a. A practice in which care is provided for individuals and families b. Providing care with a focus on the group’s needs c. Giving care with a focus on the aggregate’s needs d. A value system in which all clients receive optimal c...

Chapter 01: Community- and Prevention-Oriented Practice to Improve Population Health Stanhope: Foundations for Population Health in Community/Public Health Nursing, 5th Edition MULTIPLE CHOICE 1. Which of the following best describes community-based nursing? a. A practice in which care is provided for individuals and families b. Providing care with a focus on the group’s needs c. Giving care with a focus on the aggregate’s needs d. A value system in which all clients receive optimal c...