ALABAMA LIFE AND HEALTH INSURANCE EXAM LATEST COMPLETE 100 QUESTIONS AND DETAILED CORRECT ANSWERS JUST RELEASED
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ALABAMA LIFE AND HEALTH INSURANCE
Institution
ALABAMA LIFE AND HEALTH INSURANCE
ALABAMA LIFE AND HEALTH INSURANCE EXAM LATEST
COMPLETE 100 QUESTIONS AND DETAILED CORRECT
ANSWERS JUST RELEASED
ALABAMA LIFE AND HEALTH INSURANCE EXAM LATEST
COMPLETE 100 QUESTIONS AND DETAILED CORRECT
ANSWERS JUST RELEASEDALABAMA LIFE AND HEALTH INSURANCE EXAM LATEST
COMPLETE 100 QUESTI...
1 | P a g e ALABAM A LIFE AND HEALTH INSURANCE EXAM LATEST COMPLETE 1 00 QUESTIONS AND DETAILED CORRECT ANSWERS JUST RELEASED Which type of life insurance policy combines insurance protection with an accumulation of cash value? Interim insurance Permanent insurance Bilateral insurance Temporary insurance - ANSWER >>>Permanent insurance The automatic premium loan provision is not used in which of the following policies? Whole life policy Increasing term policy 20-year endowment policy 2 | P a g e Limited pay policy - ANSWER >>>Increasing term policy Ed has an insurance policy with an insurance comp any. Before Ed's policy will pay a claim, certain events must occur. Because of this, an insurance policy is considered to be: Unilateral Conditional Aleatory Guaranteed - ANSWER >>>Conditional A preferred provider organization (PPO) contract typically u ses which payment arrangement? Negotiated fee for service Capitation Closed panel Prepaid basis - ANSWER >>>Negotiated fee for service Which of the following statements regarding a life insurance policy is true: An issued policy can never be changed An issued policy can be changed by an authorized company officer without the policy owner knowing An issued policy can never be changed by a producer 3 | P a g e A policy can be changed by a producer if the policy owner requests the change in writing - ANSWER >>>An issued policy can never be changed by a producer Which dividend option allows a policy owner to use his/her dividends to buy life insurance on a single premium basis? Premium reduction option Single premium option Paid up additions option Cash option - ANSWER >>>Paid up additions option The Notice of Claim Provision states that the insured notify the insurance company within _ days of a claim. 7 10 20 31 - ANSWER >>>20 A life insurance policy owner has just exercised the policy's reduced paid up optio n. Which of the statements is true? The amount of coverage will be much less than the original coverage The premiums will be higher than the original policy The policy's cash value will stop accumulating
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