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Exam (elaborations)

WISE test review questions well answered(latest update)

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  • Course
  • WISE
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  • WISE

WISE test review questions well answered(latest update)

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  • September 13, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • WISE
  • WISE
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BravelRadon
WISE test review

beneficiary - correct answer ✔✔a person entitled to benefits or proceeds of an insurance policy or will



cash value - correct answer ✔✔the amount of money a whole life policyholder would receive if the
policy were surrendered before death or maturity



claim - correct answer ✔✔formal request for payment, sent to the insurance company, to cover a loss



death benefit - correct answer ✔✔the actual amount paid to a beneficiary under a life insurance policy



deductible - correct answer ✔✔the amount an insured person must pay before the insurance company
pays on a claim



disability insurance - correct answer ✔✔a type of insurance paid to an individual if he/she is injured and
is unable to work for a specified length of time



floater - correct answer ✔✔a policy designed to cover property that floats, or moves, from location to
location



homeowners insurance - correct answer ✔✔coverage that provides protection for you residence and its
associated financial risks



insurance - correct answer ✔✔protection against financial loss



shared risk - correct answer ✔✔the cost of consequences of a risk is distributed among many



renters insurance - correct answer ✔✔a type of insurance that cover the loss of a tenant's personal
property as a result of damage or theft

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