Alabama life and - Study guides, Class notes & Summaries

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industrial life insurance is also referred to as - correct answer debt policy Based upon Optional Uniform Provisions, an insurer would have the right to deny claim payment in all of the following circumstances, except: - correct answer misstatement of age on the application Insurable interest for life insurance is necessary only at the time of: - correct answer application Which of the following types of policies would a sports team purchase to obtain coverage for a season? - correct an...

Billy is the owner of a life insurance policy and has chosen a policy settlement option under which the company will pay the beneficiary (his widow) an income each month for as long as she lives. Payment stops at her death. Which settlement option has Billy selected? A. Fixed amount option B. Fixed period option C. Interest only option D. Life income option correct answers D. Life income option A man with an Accidental Death & Dismemberment (AD&D) policy having a Principal Sum of $100,0...

a predetermined limit. - ANSWER-Insurance is a method risk is transferred to an insurer for consideration up to 1. spouses in each other 2. parents in their children 3. creditors in their debtors - ANSWER-Which of the following would be considered proper establishment of insurable interest in the life insurance area? It is called the mortality rate - ANSWER-Which of the following statements about the average number of people who die each year is true? Equal value is not necessarily giv...

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Final Exam - Alabama Life and Health Questions and Answers

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