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Life Insurance Exam Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed- Arizona
Life Insurance Exam Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed- Arizona
[Show more]Life Insurance Exam Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed- Arizona
[Show more]Which of the following is NOT a characteristic of a Variable Annuity? 
A. Premium Payments may be level or flexible or single premium 
B. The cash values are invested in securities. 
C. The non-forfeiture values will provide for the return of the cash value should the 
annuitant die during the accu...
Preview 4 out of 42 pages
Add to cartWhich of the following is NOT a characteristic of a Variable Annuity? 
A. Premium Payments may be level or flexible or single premium 
B. The cash values are invested in securities. 
C. The non-forfeiture values will provide for the return of the cash value should the 
annuitant die during the accu...
The key factor of representation that allows the intraparty to resend the contract is 
 -:- If the representation is false any marital point 
The written instrument in which a contract of insurance is set forth is known as 
 -:- A policy 
What is the term for a sale campaign conducted through mail 
...
Preview 2 out of 6 pages
Add to cartThe key factor of representation that allows the intraparty to resend the contract is 
 -:- If the representation is false any marital point 
The written instrument in which a contract of insurance is set forth is known as 
 -:- A policy 
What is the term for a sale campaign conducted through mail 
...
Additional coverage can be added to a Whole Life policy by adding a(n) 
 -:- decreasing term rider 
All of these statements about the Waiver of Premium provision are correct EXCEPT 
 -:- Insured must be eligible for Social Security disability for claim to be accepted 
Which of these is an element of...
Preview 3 out of 21 pages
Add to cartAdditional coverage can be added to a Whole Life policy by adding a(n) 
 -:- decreasing term rider 
All of these statements about the Waiver of Premium provision are correct EXCEPT 
 -:- Insured must be eligible for Social Security disability for claim to be accepted 
Which of these is an element of...
a whole life policy that provides a choice of dividend options include the following 
statement about dividends 
they accrue at a guaranteed rate 
they are deferred for one year 
they are not guaranteed 
they are guaranteed after the first year 
 -:- they are not guaranteed 
When there is a named ...
Preview 4 out of 83 pages
Add to carta whole life policy that provides a choice of dividend options include the following 
statement about dividends 
they accrue at a guaranteed rate 
they are deferred for one year 
they are not guaranteed 
they are guaranteed after the first year 
 -:- they are not guaranteed 
When there is a named ...
The key factor of representation that allows the intraparty to resend the contract is 
 -:- If the representation is false any marital point 
The written instrument in which a contract of insurance is set forth is known as 
 -:- A policy 
What is the term for a sale campaign conducted through mail 
...
Preview 3 out of 28 pages
Add to cartThe key factor of representation that allows the intraparty to resend the contract is 
 -:- If the representation is false any marital point 
The written instrument in which a contract of insurance is set forth is known as 
 -:- A policy 
What is the term for a sale campaign conducted through mail 
...
An individual applied for an insurance policy and paid the initial premium. The insurer 
issued a conditional receipt. Five days later the applicant and t submit a medical exam. If 
the policy was issued, what would be the policy's effective date? 
A. The date of policy delivery 
B. The date of t...
Preview 4 out of 31 pages
Add to cartAn individual applied for an insurance policy and paid the initial premium. The insurer 
issued a conditional receipt. Five days later the applicant and t submit a medical exam. If 
the policy was issued, what would be the policy's effective date? 
A. The date of policy delivery 
B. The date of t...
The Commissioner conducts an examination of a domestic insurer and believes that the 
costs of examination places an unreasonable financial burden on the insurer. Which of the 
following will happen? 
a. The federal government will absorb the full cost 
b. The federal government will absorb part ...
Preview 4 out of 72 pages
Add to cartThe Commissioner conducts an examination of a domestic insurer and believes that the 
costs of examination places an unreasonable financial burden on the insurer. Which of the 
following will happen? 
a. The federal government will absorb the full cost 
b. The federal government will absorb part ...
P completes an application for a $10,000 life policy, but does not give the producer the 
initial premium. P's coverage becomes effective when 
 -:- P receives the policy and pays the premium 
A potential client, age 40, would like to purchase a Whole Life policy that will accumulate 
cash value ...
Preview 3 out of 25 pages
Add to cartP completes an application for a $10,000 life policy, but does not give the producer the 
initial premium. P's coverage becomes effective when 
 -:- P receives the policy and pays the premium 
A potential client, age 40, would like to purchase a Whole Life policy that will accumulate 
cash value ...
Who is considered a field underwriter? 
 -:- An agent 
When must insurable interest exist in life insurance? 
 -:- Application or issue date 
If no receipt is issued at the time of application, a statement of good health is usually 
required at the time of? 
 -:- Policy delivery 
The Medical Inform...
Preview 3 out of 24 pages
Add to cartWho is considered a field underwriter? 
 -:- An agent 
When must insurable interest exist in life insurance? 
 -:- Application or issue date 
If no receipt is issued at the time of application, a statement of good health is usually 
required at the time of? 
 -:- Policy delivery 
The Medical Inform...
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