State Farm Question and answers 100% correct 2023

State Farm Question and answers 100% correct 2023 Absolute Assignment - correct answer Policy assignment when assignee receives full control over the policy and full rights to its benefits. Accelerated benefits rider - correct answer Life insurance rider that allow for early payment of some portion of policy's face amount, should the insured suffer from terminal illness/injury. adhesion - correct answer Contract must be accepted by the insured exactly as it is written by the insurer. Terms of contract cannot be negotiated. Contract is offered on a take it or leave it basis. admitted insurer - correct answer An insurance company that has been approved to operate within a given jurisdiction. accidental death benefit rider - correct answer Life insurance policy rider providing for payment of an additional benefit when death occurs by accidental means. adjustable life - correct answer Policy allows the policymaker to adjust the policy's face amount, premium, and type of protection without having to complete a new application or any additional underwriting. agents (producer) report - correct answer Section of an insurance application where the agent, details personal observations about the applicant. annually renewable term (ART) - correct answer A form of renewable term insurance that provides coverage for one year and allows policyowner to renew coverage each year, without evidence of insurability.