100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Life insurance Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed $9.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Life Insurance
  4.  
  5. Life Insurance

Exam (elaborations)

Life insurance Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
 3 views  0 purchase
  • Course
  • Life Insurance
  • Institution
  • Life Insurance

A producer is helping a married couple determine the financial needs of their children in the event one or both should die prematurely. This is a personal use of life insurance known as -:- survivor protection Under what circumstances may a life insurance agent deliver a policy that is dated...

[Show more]

Preview 2 out of 10  pages

Document information

  • September 6, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • life insurance questions 100 correct answers
  • a producer is helping a married couple determine t

Written for

  • Life Insurance
  • Life Insurance

Seller

avatar-seller
Latestupdate

Reviews received

Content preview

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



Life insurance Questions & 100% Correct
Answers- Latest Test | Graded A+ | Passed
A producer is helping a married couple determine the financial needs of their children in

the event one or both should die prematurely. This is a personal use of life insurance known

as


✓ -:- survivor protection




Under what circumstances may a life insurance agent deliver a policy that is dated up to 3

months before the application was taken?


✓ -:- To avoid an increase in premium rate for the insured




What must happen when an individual policy or annuity has been personally delivered to

the policyowner?


✓ -:- The policyowner must sign a delivery receipt.




What limits the amount that a policyowner may borrow from a whole life insurance policy?


✓ -:- cash value




Which of the following statements is correct about a standard risk classification in the same

age group and with similar lifestyles?


1|Page | Grade A+| 2024/2025

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

✓ -:- Standard risk is representative of the majority of people




If a beneficiary wants a guarantee that benefits paid from principal and interest would be

paid for a period of 10 years before being exhausted, what settlement option should the

beneficiary select?


✓ -:- fixed period




Which of the following insurance options would be considered a risk-sharing arrangement?


✓ -:- reciprocal




Which of the following provisions in annuity contracts allow the owner to surrender the

annuity if interest rates drop to a specified level?


✓ -:- Bail out




When a beneficiary receives payments consisting of both principal and interest portions,

which parts are taxable as income?


✓ -:- Interest only




Which of the following is NOT true of Section 1035 Policy Exchanges?




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 Latestupdate. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78462 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
$9.99
  • (0)
  Add to cart