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Life Insurance Policies Exam Practice Questions and Answers | 100% Pass
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Life Insurance Policies Exam Practice Questions and Answers | 100% Pass What does "level" refer to in the level term insurance? - Answer️️ -Face amount The death protection component of a universal life policy is expressed as what type of coverage? - Answer️️ -Annually renewable term W...

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  • September 1, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • life insurance policies exam practice questions an

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  • Life insurance
  • Life insurance

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SophiaBennett

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©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

, Life Insurance Policies Exam Practice
Questions and Answers | 100% Pass


What does "level" refer to in the level term insurance? - Answer✔️✔️-Face amount


The death protection component of a universal life policy is expressed as what type of

coverage? - Answer✔️✔️-Annually renewable term

What are the death benefit options in universal life policies? - Answer✔️✔️-Option A -

level death benefit, and Option B - increasing death benefit

When does an adjustable life policy accumulate cash value ? - Answer✔️✔️-When the

premium paid are more than the cost of the policy

What is the major difference between the most common types of whole life policies:

Straight Life, Limited Payment and Single premium? - Answer✔️✔️-Premium payment

mode

What are the "living benefits" of whole life insurance? - Answer✔️✔️-Loan values

If an employee wants to join group life insurance coverage outside of the open

enrollment period, what would the employee have to provide? - Answer✔️✔️-Evidence of

insurability

What universal life option has a gradually increasing cash value and a level benefit? -

Answer✔️✔️-Option A

What type of life insurance policy offers pure death protection? - Answer✔️✔️-Term



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