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ATP CTP FINAL EXAM AND PRACTICE EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ $26.19
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ATP CTP FINAL EXAM AND PRACTICE EXAM NEWEST 2024
ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+
Before a life insurance policy is issued, which of these components of the contract is required?
Applicant's signature on application
Beneficiary's signature
A conditional receipt
Attending Physician Statement (APS)
Applicant's signature on application
Which of these actions should a producer take when submitting an insurance application to an
insurer?
,Issue a binding receipt to applicant if no initial premium is submitted
Disclose to the applicant the amount of commissions to be earned on this transaction
Inform insurer of relevant information not included on the application
Arrange for a copy of the Attending Physician Statement (APS) to be sent to the producer
Inform insurer of relevant information not included on the application
.
Brainpower
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Which of these types of life insurance allows the policyowner to have level premiums and to
also choose from a selection of investment options?
,Modified Whole Life
Variable Life
Universal Life
Adjustable Life
Variable Life
Which type of life policy contains a monthly mortality charge as well as self-directed investment
choices?
, Joint Life
Adjustable Life
Variable Universal Life
Universal Life
Variable Universal Life
The most important factor to consider when determining whether to convert term insurance at
the insured's attained age or the insured's original age is
the cost
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