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Life Insurance Exam questions IDAHO questions and answers verified 100 Which of the following statements describes one of the reasons individuals purchase life insurance? - 2. It creates an immediate estate. How long is the grace period for an individual life insurance policy? - 1 month I...

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Idaho Life Insurance final exam questions and answers verified 100% What is insurance? - Insurance is a contract in which one party (the insurance company) agrees to indemnify (make whole) the insured party against loss, damage or liability arising from an unknown event. It transfers the ris...

Idaho Life Insurance final exam questions and answers verified 100 % All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT A The employer pays a bonus to a selected employee to fund the policy. B It is considered a nonqualified employe...

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Life Insurance Exam Questions and answers verified 100% J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? A: The insur...