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Exam Fx Life practice questions with accurate answers
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Exam Fx Life practice questions with accurate answersExam Fx Life practice questions with accurate answersExam Fx Life practice questions with accurate answersExam Fx Life practice questions with accurate answers

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  • September 4, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • exam fx life practice questions with accurate answ

Written for

  • Fx life insurance
  • Fx life insurance

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LucieLucky

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Exam Fx Life practice questions with
accurate answers.


which uof uthe ufollowing ubest udescribes ugross uannual upremium?

expense upremium

net upremium uplus uexpenses

annual uloading

basic uinsurance urate uplus ucommissions u- uCorrect u uAnswer u- uNet upremium uplus uexpenses

An uinsured ureceives uan uannual ulife uinsurance udividend ucheck. uWhat uterm ubest udescribes uthis
uarrangement?


reduction uof upremium

annual udividend uprovision

accumulation uat uinterest

cash uoption u- uCorrect u uAnswer u- ucash uoption

The utype uof uinsurance usold uto ua udebtor uand udesined uto upay uthe uamount udue uon ua uloan uif
uthe udebtor udies ubefore uthe uloan uis urepaid uis ucalled u- uCorrect u uAnswer u- ucredit ulife


after ua uback uinjury, uan uinsured uis udisabled ufor ua uyear. uHis uinsurance upolicy ucarries ua udisability
uincome ubenefit urider. uWhich uof uthe ufollowing ubenefits uwill uhe ureceive? u- uCorrect u uAnswer u-
umonthly upremium uwaiver uand umonthly uincome


for uwhat ureason umay ua ulife uinsurance uproducer ubackdate ua ulife uinsurance upolicy u- uCorrect u
uAnswer u- uto uavoid uan uincrease uin upremium urate ufor uthe uinsured u(up uto u6 umonths)

, At uthe utime uthe uinsured upurchased uher ulife uinsurance upolicy, ushe uadded ua urider uthat uwill uallow
uher uto upurchase uadditional uinsurance uin uthe ufuture uwithout uhaving uto uprove uinsurability. uThis
urider uis ucalled u- uCorrect u uAnswer u- uguaranteed uinsurability


how umany ueligible uemployees umust uelect ucoverage ubefore ua upolicy ucan ube uplaced ufor ua uPublic
uEmployee uAssociation? u- uCorrect u uAnswer u- uat uleast u75%


which uof uthe ufollowing uis uthe ubest ureason uto upurchase ulife uinsurance urather uthan uannuities? u-
uCorrect u uAnswer u- uTo ucreate uan uestate


The uWashington uInsurance uCode uregulation uregarding upolicy ureplacement uapplies uto uwhich uof
uthe ufollowing utypes uof utransactions?


replacement uof upolicies uby uthe usame uinsurer

group ulife uinsurance

immediate uannuity ucontract

credit ulife uinsurance u- uCorrect u uAnswer u- uImmediate uannuity ucontract

the upurpose uof uinsurance uregulation uis uto u- uCorrect u uAnswer u- upromote uthe upublic uwelfare

the uauthority ugranted uto uan uagent uthrough uthe uagents ucontract uis ureferred uto uas uthe

absolute uauthority

express uauthority

apparent uauthority

implied uauthority u- uCorrect u uAnswer u- uexpress uauthority

if uan uinsurer ugoes ubankrupt uand ucant upay uclaims uwho uwill umake usure uinsured ureceive umoney?
u- uCorrect u uAnswer u- uthe ulife uand udisability uinsurance uguaranty uassociation


the utwo utypes uof uassignments uare u

absolute uand ucollateral

absolute uand upartial

complete uand upartial

complete uand uproportionate u- uCorrect u uAnswer u- uabsolute uand ucollateral

in ulife uinsurance upolicies, ucash uvalue uincreases

grow utax udeferred

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