Aflac Study Test Questions & Answers Already Passed!!

which dividend option allows a policy owner to use his or her dividends to buy life insurance on a single premium basis? - Answer-paid up additions option The Alabama Life and Disability Insurance Guaranty has the power to - Answer-Loan Money to an insolvent insurance company, guarantee the obligations of an insurance company, and provide money to satisfy the obligations of an insurance company. Paula has an insurance policy that has a guaranteed minimum cash value, a guaranteed death benefit, fixed premiums, and grows at a rate reflected by a selected fund index. Which type of life policy fits this description? - Answer-Equity Indexed Life Bob has an insurance policy that allows him to keep the policy in force until the next premium is due plus 30 days thereafter. Bob's policy: - Answer-Contains a grace period Which of the following is an example of "non forfeiture value" - Answer-after a policy owner cancels his/her permanent policy, the cash value accumulation must be made available to the policyowners. how frequently does a disability income policy typically pay benefits? - Answer-Monthly Health Maintenance Organization and Preferred Organizations are both considered to be: - AnswerManaged health care systems When can a lapsed life insurance policy usually be reinstated? - Answer-3-5 years after the policy lapses Alabama's Annuity disclosure regulation: - Answer-requires the delivery of a buyer's guide and a disclosure document to an annuity applicant the option to convert term life insurance to a permanent form of coverage can normally be executed: - Answer-without proof of insurabilityAn insured owns a policy which includes a disability income rider. the disability benefit amount paid to the insured is based on the: - Answer-face amount of the policy an insurance producers must have which of the following in order to sell variable life insurance policies? - Answer-registered with FINRA, License for variable life and annuities contracts, a valid insurance license Katherine is a retired and was recently hospitalized for 10 days. which type of insurance policy would best cover her for excess hospital expenses? - Answer-Medicare Supplement