Life producer exam 2025 - Study guides, Class notes & Summaries

Arizona Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which statement concerning the Entire Contact provision in an individual accident and health insurance policy is TRUE? Answer: The agent doesn't have the authority to change the policy or waive its provisions Q: Under the Fair Credit Reporting Act, which statement is true? Answer: The consumer who was investigated must be advised that credit, insurance,...

Xcel Final Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest 2024/ 2025) Q: P is a producer who notices 5 questions on a life application were not answered. What actions should P take? Answer: Set up a meeting with the applicant to answer the remaining questions Q: Q applied for life insurance and submitted the initial premium on January 1. The policy was issued February 1, but it was not delivered by the agent until February 7. Q is dissatisfied and returns the...

Kentucky Life and Health Insurance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A QUESTION The only party in an insurance contract that makes a legally enforceable promise is the insurance company. Because of this, insurance contracts are considered to be: conditional aleatory unilateral contracts of adhesion Answer: unilateral Insurance contracts are unilateral. This means that only one party (the insurer) makes any kind of ...

PRIMERICA LIFE INSURANCE EXAM WITH 100% CORRECT ANSWERS 2025 An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - Correct answer-A. mutual funds not paid out after paying claims and other operating costs are re...

NJ LIFE PRODUCER EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS The Waiver of Cost of Insurance rider is found in what type of insurance? - Precise Answer Universal Life If an insured continually uses the automatic premium loan option to pay the policy premium, - Precise Answer The policy will terminate when the cash value is reduced to nothing If a settlement option is not chosen by the beneficiary or policyowner, which option will be used? - Precise Answer Lump sum An insured missta...

AZ Life Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: A life policy that has premiums that are lower than normal during the early years is called Decreasing term Modified life Variable life Limited-pay life Answer: Modified life Q: a material change in a modified endowment contract (MEC) results in the contract becoming void a new contestable period the seven pay test, adjustable for cash value, applies again a tax ...

UTAH LIFE AND HEALTH INSURANCE PRODUCER EXAM WITH 200 QUESTIONS AND 100% CORRECT ANSWERS / STATE OF UTAH LIFE AND HEALTH PRODUCER EXAM 2024 (NEW!!) Before using an assumed name in the state of Utah, a producer must notify - ANSWER-the Commissioner An insurer who is domiciled outside of Utah, but within the US is referred to as a - ANSWER-Foreign insurer What does Medicare part D cover - ANSWER-prescription drugs The power given to an individual producer that is not specifically address...

MISSISSIPPI LIFE PRODUCER EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS

LIFE PRODUCER EXAM (MI) EXAM NEWEST ACTUAL EXAM QUESTIONS AND DETAILED CORRECT ANSWERS (VERIFIED ANSWERS) | A+GRADE

WISCONSIN ACCIDENT AND HEALTH INSURANCE EXAM 2024/2025 Dividends from a stock company are normally sent to: Beneficiaries Shareholders Policy holders Insureds - Precise Answer Shareholders Which of the following financial products creates an instant estate, no matter when the date of death? Mutual funds Life insurance Certificate of deposit Deferred annuity - Precise Answer Life insurance Which of the following outlines the authority given to the producer on behalf of the in...