LOMA 281 Module 1 (100% Correct Answers) 2024. LOMA 281 Module 2 Lesson 1 - Term Life Insurance (All Solved) LOMA 281 Module 4 (with Complete Solutions) LOMA 281 Module 3 (100% Errorless Answers) LOMA 281 Module 3 (100% Accurate Answers) 2024. LOMA 281: Meeting Customer Needs with Insurance Annuiti...
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Risk correct answers the possibility of an unexpected result. Premium correct answers A specified amount of money an insurer charges in exchange for its agreement to pay a policy benefit when a specific loss occurs. Insurance company correct answers A company that provides protection against t...
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Add to cartRisk correct answers the possibility of an unexpected result. Premium correct answers A specified amount of money an insurer charges in exchange for its agreement to pay a policy benefit when a specific loss occurs. Insurance company correct answers A company that provides protection against t...
Term Life insurance correct answers Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term correct answers The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance correct answers A pla...
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Add to cartTerm Life insurance correct answers Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term correct answers The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance correct answers A pla...
Which type of whole life insurance policy will best be able to give Arabella lifetime protection without straining her retirement income? Single-premium whole life policy Limited-payment whole life policy Continuous-premium whole life policy correct answers B Financial needs life insurance c...
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Add to cartWhich type of whole life insurance policy will best be able to give Arabella lifetime protection without straining her retirement income? Single-premium whole life policy Limited-payment whole life policy Continuous-premium whole life policy correct answers B Financial needs life insurance c...
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Assume you're applying for a life insurance policy. During his presentation, the insurance agent makes the following statements. Are they all true? (Select all that apply.) a. People buy insurance to reduce the financial risk they face but not every type of risk is insurable. b. both pure ris...
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Add to cartAssume you're applying for a life insurance policy. During his presentation, the insurance agent makes the following statements. Are they all true? (Select all that apply.) a. People buy insurance to reduce the financial risk they face but not every type of risk is insurable. b. both pure ris...
Waiver of premium for disability (WP) Benefit correct answers A supplemental life insurance policy benefit under which the insurer promises to give up—to waive—its right to collect premiums that become due while the insured is totally disabled. - satisfies a 3-6 month waiting period: meaning fo...
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Add to cartWaiver of premium for disability (WP) Benefit correct answers A supplemental life insurance policy benefit under which the insurer promises to give up—to waive—its right to collect premiums that become due while the insured is totally disabled. - satisfies a 3-6 month waiting period: meaning fo...
Waiver of premium for disability benefit correct answers A supplemental life insurance policy benefit under which the insurer promises to give up - to waive - its right to collect premiums that become due while the insured is totally disabled. Waiver of premium for payor benefit correct answers A...
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Add to cartWaiver of premium for disability benefit correct answers A supplemental life insurance policy benefit under which the insurer promises to give up - to waive - its right to collect premiums that become due while the insured is totally disabled. Waiver of premium for payor benefit correct answers A...
Group Insurance correct answers A method of providing life or health insurance coverage for a group of people under one insurance contract. commonly provide: - life insurance, medical expense insurance, disability insurance, and dental insurance coverage Master group insurance contract correct...
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Add to cartGroup Insurance correct answers A method of providing life or health insurance coverage for a group of people under one insurance contract. commonly provide: - life insurance, medical expense insurance, disability insurance, and dental insurance coverage Master group insurance contract correct...
Assume that Caryer has life insurance on his own life. Select the box beside each financial need that you think life insurance can meet Paying household expenses (utility bills, food, clothing, etc) Covering outstanding debts (mortgage and car loans, etc) Paying future outstanding medical, hosp...
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Add to cartAssume that Caryer has life insurance on his own life. Select the box beside each financial need that you think life insurance can meet Paying household expenses (utility bills, food, clothing, etc) Covering outstanding debts (mortgage and car loans, etc) Paying future outstanding medical, hosp...
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