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Exam FX Life Insurance Final Exam questions with accurate answers. 100% Verified.
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Exam FX Life Insurance Final Exam questions with accurate answers. 100% Verified. A buyer's guide -ANS/QUIZ The entire contract includes all of the following EXCEPT... The death benefit is not increased -ANS/QUIZ All of the following statements about indexed whole life insurance EXCEPT... ...

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  • January 29, 2023
  • 7
  • 2022/2023
  • Exam (elaborations)
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  • exam fx life insurance final exam questions with accurate answers 100 verified a buyers guide ansquiz the entire contract includes all of the following except the death benefit is not i

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Exam FX Life Insurance Final Exam questions with accurate answers. 100% Verified. A buyer's guide -👈ANS/QUIZ👉 The entire contract includes all of the following EXCEPT... The death benefit is not increased -👈ANS/QUIZ 👉 All of the following statements about indexed whole life insurance EXCEPT... A Warranty -👈ANS/QUIZ 👉 What guarantees that the informat ion explained in the insurance contract is true? (1) the policy, (2) a copy of the application, and (3) any riders or amendments. -👈ANS/QUIZ 👉 The entire contract includes: guaranteed -👈ANS/QUIZ 👉 Under an indexed whole life policy, the premium is fixe d, but the death benefit is... Warranties -👈ANS/QUIZ 👉 ... are considered statements of fact or something guaranteed to be true. voiding -👈ANS/QUIZ 👉 A breach of warranty can be considered grounds for ________________ the policy. Whole life -👈ANS/QUI Z👉 A graded premium life insurance policy is a modified form of... Graded Premium -👈ANS/QUIZ 👉 ... a whole life policy with premiums that increase annually over the first 5 to 10 years. Grace period -👈ANS/QUIZ 👉 An insured bought an insurance policy t hat requires him to pay $150 in premiums on the 15th of each month. He then takes an extended vacation and forgets to pay the premium. Ten days later, his policy is still in effect and has not lapsed. What policy provision allowed for this? premium -👈ANS/QUIZ👉 Grace period is a mandatory provision found in all life insurance policies that provides coverage for a period of time after the _____________________ becomes past due. The Annuitant -👈ANS/QUIZ 👉 Which of the following indicates the person upon whose life the annuity income amount is determined? annuity income -👈ANS/QUIZ 👉 The annuitant is the person whose life the ______________ __________________ amount is determined . The premium is based on the age of each insured -👈ANS/QUIZ 👉 True of Survivorship Life policy The face amount is paid to the insured. -👈ANS/QUIZ 👉 What happens to the face amount of a whole life policy if the insured reaches the age of 100? A policy is reissued with a reduction in cash value -👈ANS/QUIZ 👉 According to the life insurance replace meant regulations, which of the following would be an example of policy replacement? The Commissioner may hold hearings immediately after determining that a violation has occurred. -
👈ANS/QUIZ 👉 true regarding the insurance commissioner's powers related to hearings and investigations Applicants who may require a larger death benefit in the future should buy convertible term insurance -
👈ANS/QUIZ 👉 Incorrect r egarding the type of term insurance that fits best with the applicant's needs joint life -👈ANS/QUIZ 👉 What is the most common name for a single policy that is designed to insure two or more lives with a standard premium, and that pays the death benefit u pon the first death?

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