Ordinary life insurance - Study guides, Class notes & Summaries

Life, Accident and Health Final Exam Questions With 100% Correct Answers Which of the following provides benefits for the treatment of gum disease? A. Endodontics B. Orthodontics C. Periodontics D. Prosthodontics - answerC. Periodontics The Insured and primary beneficiary die in a common accident. The insured dies at the scene and the beneficiary dies thirty six days later. To whom is the $250k death benefit paid? A. The State Department of Revenue B. The Contingent Beneficiary C. The...

Florida 2-15 Insurance Final Exam Test Bank (All Chapters complete 1-30, Questions and Answers, 100% Verified) Latest 2023/2024 1. A life insurance company is organized in Orlando where it maintains its home office. In Florida, the company is classified as a a. domestic company b. local company c. foreign company d. preferred company a 2. With regard to life insurance, all of the following statements are correct EXCEPT a. all individuals are considered to have insurable interests i...

Nevada Life & Health Insurance Exam Questions and Answers 100% Pass term insurance - Answer- temporary protection because it only provides coverage for a specific period of time face amount - Answer- death benefit 3 basic types of term coverage - Answer- level, increasing, decreasing - based on how the face amount changes during the policy term What is the premium in term insurance? - Answer- regardless of type of term insurance purchased, premium is level throughout the term of policy ...

Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee ...

NC Life insurance state exam study guideline With Latest Term Insurance - answerUsed for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance - answerExpire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. Level Term Insurance - answerTerm insurance can be Renewed annually. Has a level Face Amount at renewal, Premiums goes up. Can be purchased for a Ye...

Benefits that have been exempted from income taxation by law to encourage employers to provide these benefits the their employees, such as medical insurance, disability and group-term life insurance. - Answer-Statutory Fringe Benefits Tests that measure a person's judgment in work settings. - Answer-Situational Judgment Tests A management theory stating that different situations call for different leadership styles and that essentially there is no one best way to lead. - Answer-Situational...

Texas General Lines - Life, accident and health insurance PRACTICE EXAM Questions and Answers with complete solutions LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20-year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? A- $50,000 Whole Life policy B- $50,000 Level Term policy for 20 years C- $50,000 20 Pay Life policy D- $50,000 Decreas...

Webce Insurance test questions and Answers 2023 with complete Solution. Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - ANSWER 10 days Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions ...

1. private insurers 2. government insurers - ANSWER 2 types of entities providing insurance today 1. stock insurance companies 2. mutual insurance companies - ANSWER the 2 largest types of commercial insurance companies Stock insurance companies - ANSWER owned by stockholders, these companies dividends, when declared, to their stockholders. have minimum capital requirements and are governed by a board of directors elected by their stockholders Mutual insurance companies - ANSWER own...

Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - ANSWER 10 days Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? She must move to Pennsylvania. She must surrende...