100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Life Insurance Policies Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed $9.89
Add to cart

Exam (elaborations)

Life Insurance Policies Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed

 4 views  0 purchase
  • Course
  • Life Insurance
  • Institution
  • Life Insurance

What does "level" refer to in the level term insurance? -:- Face amount The death protection component of a universal life policy is expressed as what type of coverage? -:- Annually renewable term What are the death benefit options in universal life policies? -:- Option A - level death be...

[Show more]

Preview 2 out of 10  pages

  • September 6, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Life Insurance
  • Life Insurance
avatar-seller
TestTrackers
2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!



Life Insurance Policies Questions & 100%
Correct Answers- Latest Test | Graded A+ |
Passed
What does "level" refer to in the level term insurance?


✓ -:- Face amount




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

coverage?


✓ -:- Annually renewable term




What are the death benefit options in universal life policies?


✓ -:- Option A - level death benefit, and Option B - increasing death benefit




When does an adjustable life policy accumulate cash value ?


✓ -:- 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?


✓ -:- Premium payment mode




1|Page | Grade A+| 2024/2025

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

What are the "living benefits" of whole life insurance?


✓ -:- 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?


✓ -:- Evidence of insurability




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


✓ -:- Option A




What type of life insurance policy offers pure death protection?


✓ -:- Term




In term policies, what happens to the premium throughout the term of the policy?


✓ -:- The premium remains level




Under a 20-pay whole life policy, in order for the policy to pay the death benefit to a

beneficiary, the premium must be paid for what time period?


✓ -:- For 20 years or until the insured's death, whichever occurs first.




2|Page | Grade A+| 2024/2025

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.89. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52355 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.89
  • (0)
Add to cart
Added