Mn life license - Study guides, Class notes & Summaries
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MINNESOTA LIFE HEALTH INSURANCE PACKAGE DEAL
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MN life insurance questions and answers rated A+
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MN life insurance questions and 
 
answers rated A+ 
 
In what type of policy does the owner pay the same premium throughout the term of the 
contract? Level premium policy 
 
Which type of beneficiary CANNOT be changed without consent? The beneficiary is 
irrevocable 
 
How many total hours of continuing education covering the subjects for which the license is 
licensed must complete. 24 hours 
 
Accidental and dismemberment will pay the principal sum of death occurs: As a result of an 
acciden...
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MN LIFE LICENSE 1 QUESTIONS AND ANSWER
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In what type of policy does the owner pay the same premium throughout the term of the contract? 
 
a. Deferred premium policy 
b. Single premium policy 
c. Level premium policy 
d. Flexible premium policy - Answer - c. Level premium policy 
 
Which type of beneficiary CANNOT be changed without consent? 
 
a. When there are more than two beneficiaries 
b. The beneficiary is the spouse 
c. The beneficiary is a child of the proposed insured 
d. The beneficiary is irrevocable - Answer - d. The ben...
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MN Life License 1 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test
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MN Life License 1 Questions with 100% 
Correct Answers | Latest Version 2024 | 
Expert Verified | Ace the Test
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MN Life License Exam Questions and Answers Already Passed
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MN Life License Exam Questions and 
 
Answers Already Passed 
 
In what type of policy does the owner pay the same premium throughout the term of the 
contract? Level Premium policy 
 
Which type of beneficiary CANNOT be changed without consent? The beneficiary is 
irrevocable (imposible) 
 
How many total hours of continuing education covering the subjects for which the license is 
licensed must complete? 24hours 
 
Accidental and dismemberment will pay the principal sum if death occurs: As a r...
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MN LIFE LICENSE #1 QUESTIONS AND ANSWERS LATEST 2023 UPDATE
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MN LIFE LICENSE #1 QUESTIONS AND ANSWERS 
LATEST 2023 UPDATE
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MN Life License 1 Questions and Answers Already Passed
- Exam (elaborations) • 26 pages • 2024
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MN Life License 1 Questions and 
Answers Already Passed 
 
In what type of policy does the owner pay the same premium throughout the term of the 
contract? 
 
a. Deferred premium policy 
b. Single premium policy 
c. Level premium policy 
d. Flexible premium policy c. Level premium policy 
 
Which type of beneficiary CANNOT be changed without consent? 
 
a. When there are more than two beneficiaries 
b. The beneficiary is the spouse 
c. The beneficiary is a child of the proposed insured 
d. The b...
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MN LIFE LICENSE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+MN LIFE LICENSE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
- Exam (elaborations) • 33 pages • 2024
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MN LIFE LICENSE EXAM | QUESTIONS & 
ANSWERS (VERIFIED) | LATEST UPDATE | 
GRADED A+MN LIFE LICENSE EXAM | QUESTIONS & 
ANSWERS (VERIFIED) | LATEST UPDATE | 
GRADED A+
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MN Life License Exam Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test
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MN Life License Exam Questions with 100% Correct Answers | 
Latest Version 2024 | Expert Verified | Ace the Test
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MN Life Insurance License Exam 2024 Questions and Detailed Answers
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MN Life Insurance License Exam 2024 
Questions and Detailed Answers 
Which of the following is not a duty of the Commissioner? 
a. Issue an insurance license for a producer 
b. Make state insurance laws 
c. Handle insurance-related consumer complaints 
d. Enforce state insurance laws Correct Answer b. Make state 
insurance laws 
During policy solicitation an insurer exaggerates the financial 
condition of one of its competitors and makes it sound worse 
than it is. This is an example of an unfai...
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MN Life License 60 Test Questions & Answers | with 100% Correct Answers | Updated & Verified
- Exam (elaborations) • 18 pages • 2024
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In what type of policy does the owner pay the same premium throughout the term of the contract? 
 
a. Deferred premium policy 
b. Single premium policy 
c. Level premium policy 
d. Flexible premium policy - ️️c. Level premium policy 
 
Which type of beneficiary CANNOT be changed without consent? 
 
a. When there are more than two beneficiaries 
b. The beneficiary is the spouse 
c. The beneficiary is a child of the proposed insured 
d. The beneficiary is irrevocable - ️️d. The beneficiary...
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