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LOMA 281 Exam Bundle Pack Questions and Answers | 100% Pass
LOMA 281 Exam Bundle Pack Questions and Answers | 100% Pass
[Show more]LOMA 281 Exam Bundle Pack Questions and Answers | 100% Pass
[Show more]LOMA 281 Exam Practice Questions and 
Answers | 100% Correct 
What are speculative risks? - Answer️️ -Risks that involve three outcomes: loss, gain, 
or no change 
What are pure risks? - Answer️️ -Risks that involve no possibility of gain 
What risks are insurable? - Answer️️ -Only pure ...
Preview 2 out of 8 pages
Add to cartLOMA 281 Exam Practice Questions and 
Answers | 100% Correct 
What are speculative risks? - Answer️️ -Risks that involve three outcomes: loss, gain, 
or no change 
What are pure risks? - Answer️️ -Risks that involve no possibility of gain 
What risks are insurable? - Answer️️ -Only pure ...
LOMA 281 Module 3 Study Guide with 
Complete Solutions 
Waiver of premium for disability (WP) Benefit - Answer️️ -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 dis...
Preview 4 out of 47 pages
Add to cartLOMA 281 Module 3 Study Guide with 
Complete Solutions 
Waiver of premium for disability (WP) Benefit - Answer️️ -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 dis...
LOMA 281 Module 2 Practice Questions 
and Answers | 100% Pass 
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 lif...
Preview 4 out of 61 pages
Add to cartLOMA 281 Module 2 Practice Questions 
and Answers | 100% Pass 
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 lif...
LOMA 281 Module 3 Study Guide 
Waiver of premium for disability benefit - Answer️️ -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 ...
Preview 0 out of 0 pages
Add to cartLOMA 281 Module 3 Study Guide 
Waiver of premium for disability benefit - Answer️️ -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 ...
LOMA 281 Module 1 Exam Study Guide 
Risk - Answer️️ -the possibility of an unexpected result. 
Premium - Answer️️ -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 - Answer️️ -A company t...
Preview 2 out of 10 pages
Add to cartLOMA 281 Module 1 Exam Study Guide 
Risk - Answer️️ -the possibility of an unexpected result. 
Premium - Answer️️ -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 - Answer️️ -A company t...
LOMA 281 Study Guide with Complete 
Solutions 
Pure risk - Answer️️ -Risks that involve either a loss or no loss 
Speculative risk - Answer️️ -Risk that can result in a loss, gain or no change 
Insurance - Answer️️ -A method for transferring risk from an individual to an insurance 
compa...
Preview 4 out of 37 pages
Add to cartLOMA 281 Study Guide with Complete 
Solutions 
Pure risk - Answer️️ -Risks that involve either a loss or no loss 
Speculative risk - Answer️️ -Risk that can result in a loss, gain or no change 
Insurance - Answer️️ -A method for transferring risk from an individual to an insurance 
compa...
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