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Life Insurance Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT -:- The policy is owned by the company Which of the following options best depicts how the eligibility of members for group health insurance is determined? -:- By conditions of the...

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  • September 6, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • life insurance questions 100 correct answers
  • all of the following statements concerning the use

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  • Life Insurance
  • Life Insurance

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2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!



Life Insurance Questions & 100% Correct
Answers- Latest Test | Graded A+ | Passed
All of the following statements concerning the use of life insurance as an Executive Bonus

are correct EXCEPT


✓ -:- The policy is owned by the company




Which of the following options best depicts how the eligibility of members for group health

insurance is determined?


✓ -:- By conditions of the employment




Issue Age policy premiums increase in response to


✓ -:- Increased Benefits




Scheduled Plans provide first dollar benefits w/o


✓ -:- coinsurance and deductibles




How are state insurance Guaranty associations funded


✓ -:- by their members - authorized insurers




Which of the following will NOT be an appropriate use of a deferred annuity?

1|Page | Grade A+| 2024/2025

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

✓ -:- Creating an Estate




Which of the following would be the best option that would help the surviving spouse of the

insured to put her child through daycare after the insured's death?


✓ -:- Life insurance proceeds




An agent accepts the premium payment 35 days after it is due, telling the insured that there

will not be a problem keeping the policy in force. This is an example of what type of agent

authority?


✓ -:- Apparent




What are the two components of a universal policy?


✓ -:- Insurance and Cash Account




Under a Key Person disability income policy, premium payments


✓ -:- Payed by employer / not tax deductible




What limits the amount that a policyowner may borrow from a whole life insurance policy?


✓ -:- Cash Value




2|Page | Grade A+| 2024/2025

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