Idaho Life Insurance Exam Questions and Answers (GRADED A+)

The death benefit in a variable universal life policy - ANSWER-Depends on the performance of a separate account. If an employee wants to enter the group outside of the open enrollement period, to reduce adverse selection, the insurer may - ANSWER-Requires evidence of insurability. when an employee terminates coverage under a group insurance policy, coverage continues in force - ANSWER-For 31 days Which of the following is True regarding the insurance amount in a credit life policy - ANSWER-The creditor can only insure the debtor for the amount owed. Joint life policies pays on the 1st or the second death? - ANSWER-First death only. Variable universal life policy includes the following. - ANSWER-The cash values are not guaranteed. The policy owner can participate in some of the investment decisions, The minim death benefit is guaranteed. In variable universal life is the death benefit fixed? - ANSWER