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FLORIDA 2-15 EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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FLORIDA 2-15 EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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FLORIDA 2-15 EXAM 2024/2025 WITH100% ACCURATE SOLUTIONS
In a 3 partner cross-purchase plan, how many policies need to be
purchased in order to protect each partner against the loss of any other
partner? - Precise Answer ✔✔6
According to the NAIC Life Insurance Solicitation Model, when
soliciting life insurance, a producer is required to provide a prospect
with a ______ and a _______ specific to the product being marketed. -
Precise Answer ✔✔general buyer's guide; policy summary
The Incontestable Clause states that the insurer cannot contest the
validity of a life insurance policy as long as it remains in force after
what period of time? - Precise Answer ✔✔Usually 2 years, but in some
states only 1 year
Mr. Baker has named his son as the beneficiary to his life insurance
policy, but he is worried about his son's spending habits and the money
his son might already owe when he receives the death benefit. Which
policy provision, clause or rider best fits his situation? - Precise Answer
✔✔Spendthrift Provision
The following life policy settlement options are available to the policy's
beneficiary EXCEPT: - Precise Answer ✔✔Interest-Free Option
, When dividends are issued, the policyowner has the following dividend
options in utilizing a return EXCEPT: - Precise Answer ✔✔Life Income
Option
Which two life insurance riders can Bill purchase to guarantee that his
policy will continue without further commitment from him and that
income will be paid to him if he becomes totally and permanently
disabled? - Precise Answer ✔✔Waiver of premium and Disability
Income Riders
In the event that a parent dies or becomes disabled, which rider allows
surviving child coverage to continue until the child reaches a specified
age? - Precise Answer ✔✔Payor Rider
According to the NAIC Model Group Life Insurance Provisions, what is
the standard grace period? - Precise Answer ✔✔30-31 days
Which statement regarding annuities is CORRECT? - Precise Answer
✔✔Variable annuity units are fixed but the annuity payment will vary
according to the value of the annuity unit.
For individuals who have reached their normal retirement age, their
spouses are entitled a retirement benefit that is equal to what percentage
of the retired worker's primary insurance amount (PIA)? - Precise
Answer ✔✔50%
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