Annuities can liquidate - Study guides, Class notes & Summaries

Primerica - Exam test Questions With 100% Correct Answers 2023 An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion - Correct answer-Adhesion An insurance policy that ...

peril - ANSWER the immdeiate specific event causing loss and giving rise to risk hazard - ANSWER any factor that gives rise to a peril physical hazard - ANSWER individual characteristics that increase chance of peril *physical condition, past medical history, condition at birth moral hazard - ANSWER tendencies that people may have that increase risk and chance of loss *drug addiction and alcholism morale hazard - ANSWER individual tendencies that arise from an attitude or state of m...

accidental death is also known as... - double, ,multiple, or triple indemnity 90 days Are dividends a return of an overcharge of premiums or a gain? - Not a profit but a return of excess premiums. policyowners pays a somewhat higher "gross" prmium and is entitled to policy dividends as declared by insurers. absolute assignment - transfers all incidents of ownership Why does whole life represent permanent ins? why ask why - Whole life is level premium, fixed amount policy which offers co...

Idaho Insurance Exam Questions and Answers 100% Correct Net Single Premium - CORRECT ANSWER-Premium that a person must pay in a lump sum to receive all the benefits promised in the policy if no insurer expenses were considered Insurers will also consider which of the following in evaluating risk. - CORRECT ANSWER-Numerical rating system to evaluate the risk posed by proposed insureds Key difference between variable life and variable universal life insurance - CORRECT ANSWER-Variable...

Primerica - Exam test Questions Answers 2024 with complete solution An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion - Answer ️️ -Adhesion An insurance policy ...

Primerica - Exam test Questions Answers 2024 with complete solution An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion - Answer ️️ -Adhesion An insurance policy ...

According to the HIPAA Privacy Rule, what is protected health information (PHI)? - All individually identifiable health information about the insured, such as demographic data that relates to past, present or future physical or mental health or conditions, or payment information. An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what typ...

Primerica Exam General - Questions and Answers An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion An insurance policy that only requires a payment of premium at its inceptio...

Net Single Premium - correct answer Premium that a person must pay in a lump sum to receive all the benefits promised in the policy if no insurer expenses were considered Insurers will also consider which of the following in evaluating risk. - correct answer Numerical rating system to evaluate the risk posed by proposed insureds Key difference between variable life and variable universal life insurance - correct answer Variable life insurance require a fixed premium payable for the l...

Life, health & annuities NE insurance exam Questions and Answers 100% Correct Not regarding deferred annuities - Answer- Accumulated funds cannot be out assessed until the pay out. Using the needs approach you wouldn't need - Answer- Prospects employment history Not common use for life insurance - Answer- Liquidate and estate it usually only creates an estate The exclusion ratio applies until all principal and annuity contract has been paid out after that what will happen - Answer- The ...