Kentucky life insurance - Study guides, Class notes & Summaries

Kentucky Life Insurance Exam Already Rated A+ 4 Types of Life Insurance ️Permanent, Term, Industrial, Group Absolute, Voluntary, Complete Assignment ️Policy is given as a gift, policy owner has no means of recovering surrendered rights Accelerated Benefits Rider ️A life insurance rider that allows for the early payment of some portion of the policy's face amount should the insured suffer from a terminal illness or injury. Accidental Death Rider ️Provides for an additional am...

2024 Life Insurance Exam for Kentucky Company Latest Questions and Answers A. All the incidents of ownership in the policy belong to the donee. - CORRECT ANSWER-In an outright gift of life insurance to a charity A. All the incidents of ownership in the policy belong to the donee. B. The donor retains the right to name a new beneficiary. C. The cash values in the policy belong to the donor. D. The premiums paid by the donor are not tax deductible. C. Making a formal request to the co...

Kentucky Life Insurance State Exam Practice 2024 With 100% Complete Solutions

Kentucky Life Insurance Mock Exam |100% Correct Answers| Elements of a Contract *Ans* Competent parties, legal purpose, offer and acceptance, consideration Waiver *Ans* Voluntary giving up of a known right or privilege, can be express or implied Estoppel *Ans* A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the past conduct Aleatory Contract *Ans* a contract where the values exchanged may not be equ...

Kentucky Life Insurance Exam with 100% Correct Answers | Verified | Latest Update 2024| Already Passed

Elements of a Contract Correct Answer Competent parties, legal purpose, offer and acceptance, consideration Waiver Correct Answer Voluntary giving up of a known right or privilege, can be express or implied Estoppel Correct Answer A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the past conduct Aleatory Contract Correct Answer a contract where the values exchanged may not be equal but depend on an u...

Kentucky Life Insurance Exam with 100% Correct Answers | Verified | Latest Update 2024| Already Passed

Kentucky Life Insurance Exam Solved 100% Correct!! Elements of a Contract Competent parties, legal purpose, offer and acceptance, consideration Waiver Voluntary giving up of a known right or privilege, can be express or implied Estoppel A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the past conduct Aleatory Contract a contract where the values exchanged may not be equal but depend on an uncertain...

Kentucky Life Insurance State Exam Practice Questions and Answers Verified 2024 The premiums paid by an employer for his employee's group life insurance are usually considered to be - CORRECT ANSWER-Tax-deductible to the employer Which of these is NOT considered to be a cost connected with an individual's death? - CORRECT ANSWER-Business expenses These are all accurate statements regarding universal life insurance EXCEPT - CORRECT ANSWER-Policy loans are not permitted Which of these...

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