Exam (elaborations)
Indiana Life and Health Insurance Study Exam (xcelsolutions) 2024 (1
- Course
- Institution
Indiana Life and Health Insurance Study Exam (xcelsolutions) 2024 (1
[Show more]
Seller
Follow
topgradesdr
Reviews received
Content preview
Indiana Life and Health Insurance Study Exam(xcelsolutions) 2024
20 Pay Life - ANS-J is 35-years old and looking to purchase a whole life insurance policy. Which
of the following types of policies will provide the most rapid growth of cash value?
-Life paid-up at age 70
-20 pay life
-increasing Term to age 65
-Straight Line
Universal Life - ANS-Which of the following types of policies BEST identifies one in which the
cash value may fluctuate to reflect changing assumptions regarding mortality cost, interest, and
expense factors?
-Universal Life
- Endowment Life
-Modified Whole Life
-Graded Premium Whole Life
Conversion - ANS-Which Provision allows the policyowner to change a term life policy to a
permanent one without providing proof of good health?
-Modifcation
-Conversion
-Exchange
-Adjustable
Premiums are payable throughout the insured's lifetime/coverage lasts until death of the insured
- ANS-Which statement is correct regarding the premium payment schedule for whole life
policies?
-Premiums are patable throughout the insured's lifetime/coverage lasts until death of the insured
-Premiums payable for a set period/coverage expires at that point
-Premiums are payable until age 65/coverage lasts a lifetime
-A single premium is paid at time of application/coverage lasts until retirement
Life-Paid up at Age 70 - ANS-Which of the these would be considered a limited-pay life policy?
-10 year renewable and convertibile term
-Life paid-up at Age 70
-Straight Whole Life
-Renewable Term to Age 100
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 topgradesdr. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
71184 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now