Option to renew - Study guides, Class notes & Summaries
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LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed
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LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed 
Under which situation must insurable interest exist between the applicant and insured at the time of application? When a third-party applicant names themselves beneficiary. 
Which of the following is true about a decreasing term life policy? The face amount reaches zero at policy expiration. 
Which of the following occurs immediately after the application is submitted and the initial premium paid?...
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Nevada Life & Health Insurance Exam Questions and Answers 100% Pass
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Nevada Life & Health Insurance Exam 
Questions and Answers 100% Pass 
term insurance - Answer- temporary protection because it only provides coverage for a 
specific period of time 
face amount - Answer- death benefit 
3 basic types of term coverage - Answer- level, increasing, decreasing 
- based on how the face amount changes during the policy term 
What is the premium in term insurance? - Answer- regardless of type of term insurance 
purchased, premium is level throughout the term of policy 
...
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PSI life, accident, and health questions and answers 100% pass
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PSI life, accident, and health questions and answers 100% pass 
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 premiums refunded ...
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NJ Life Producer Exam Study Life Insurance Questions and Answers 100% Pass
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NJ Life Producer Exam Study Life 
Insurance Questions and Answers 100% 
 
Pass 
 
An insurer must renew a renewable term policy at the policyowner's request regardless of the 
insurability status of the insured. 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: Fixed-amount 
 
What hours of operation is a branch office required to have? Must give pu...
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Texas SAE: Real Estate Investment Exam Questions & Answers Graded A 2023
- Exam (elaborations) • 23 pages • 2023
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Steven put down $10,000 toward a property's purchase price, financed the rest, and 
now has a cash flow of $2,800 after repairs and debt service. What's his ROI? 
a 21% 
b 26% 
c 28% 
d 32% - c 28% 
Return on investment or ROI = cash flow ÷ cash investment. $2,800 ÷ $10,000 = 
28%. 
What's a legal agreement or promise made between two parties? 
a. A consideration 
b. A covenant 
c. A handshake 
d. A negotiation - b. A covenant 
A legal agreement or promise made between two parties is a cove...
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exam fx life and health questions with complete solutions
- Exam (elaborations) • 11 pages • 2023
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An insured purchased a 10-year level term life policy that is guaranteed renewable and convertible. What happens at the end of the 10-year term? correct answer: The insured may renew the policy for another 10 years, but at a higher premium rate. 
 
Which of the following statements is TRUE concerning whole life insurance? correct answer: Lump-sum death benefits are not taxable. 
 
A corporation is the owner and beneficiary of the key person life policy. If the corporation collects the policy b...
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Life, Health, & Annuity 2-15 Exam 2024 with 100% correct answers
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Replacing a life insurance policy correct answersWhen replacing a life insurance policy an insurance producer must submit a notice to both the applicant and the insurance producers own company regarding the replacement 
 
All must appear on all applications correct answersAgents name & signature, the name of the company and the agents license number 
 
disability benefits correct answersCan be delayed up to 90 days depending on the policy 
 
Transaction insurance correct answersIncludes all of t...
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PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+
- Exam (elaborations) • 60 pages • 2023
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PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) 
Regulation is enacted and enforced by MD Real Estate Commission (MREC) 
Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant 
En...
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Aflac Final Exam Questions & Answers Already Graded A+
- Exam (elaborations) • 10 pages • 2024
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Certain conditions, such as dismemberment or total and permanent blinds, will automatically qualify the 
insured for full disability benefits. Which disability policy provision does this describe? - 
presumptive disability 
Which provision concerns the insured's duty to provide the insurer with reasonable notice in the event 
of a loss? - notice of claim 
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts 
which require all of the following el...
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PSI life, accident, and health Exam Questions with correct Answers
- Exam (elaborations) • 13 pages • 2022
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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 - ANSWER-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 premiums refunded 
C. an increasing amount of term insurance that e...
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