Exam (elaborations)
MISSISSIPPI LIFE PRODUCER EXAM QUESTIONS AND ANSWERS
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MISSISSIPPI LIFE PRODUCER EXAM QUESTIONS AND ANSWERS
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1-36 of 36Harry was hospitalized and in a coma for 6 months. When does proof of loss for this
claim have to be submitted?
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Within 1 year, unless he suffers legal incapacity
Consideration
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the exchange of value that makes a contract binding. The insured's
consideration is the payment of premium, along with an agreement to
abide by the conditions of the contract.
Each of the following choices are true of whole life, except:
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The policy can be converted into a term life insurance plan at anytime
How is Variable Whole Life different from Variable Universal Life?
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The policy has a minimum guaranteed face amount(death benefit)
Each of the following is an element of a legal contract, except:
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indemnity
What happens to the overall policy premium when most riders on a life insurance
policy expire?
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