Loma 281 exam 2024 - Study guides, Class notes & Summaries
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LOMA 281 Module 4 Study Exam Questions with Correct Answers 100% Verified

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LOMA 281 Module 4 Exam || Questions & Answers (100% Correct)
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LOMA 281 Module 4 Exam || Questions & Answers (100% Correct) 
LOMA 281 Module 4 Exam || Questions & Answers (100% Correct) 
 
Group Insurance - ANSWER - A method of providing life or health insurance coverage for a group of people under one insurance contract. 
 commonly provide: 
- life insurance, medical expense insurance, disability insurance, and dental insurance coverage 
 
Master group insurance contract - ANSWER - An insurance contract that insures a number of people. 
 
Group insured - A...
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LOMA 281 Module 2 Exam || Questions & Answers (Graded A+)
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LOMA 281 Module 2 Exam || Questions & Answers (Graded A+) 
LOMA 281 Module 2 Exam || Questions & Answers (Graded A+) 
 
Assume that Caryer has life insurance on his own life. Select the box beside each financial need that you think life insurance can meet 
 
Paying household expenses (utility bills, food, clothing, etc) 
Covering outstanding debts (mortgage and car loans, etc) 
Paying future outstanding medical, hospital, and funeral expenses 
Providing financial support for the family 
Funding ...
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LOMA 281 Module 1 Study Guide Exam Questions with Answers 100% Verified 2024
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LOMA 281 Module 1 Study Guide 
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Risk the possibility of an unexpected result. 
Premium A specified amount of money an insurer charges in exchange for its agreement to 
pay a policy benefit when a specific loss occurs. 
Insurance company A company that provides protection against the risk of financial loss 
caused by specific events. 
Life insurance A type of insurance under which the insurer promises to pay a death benefit 
upon the death of a...
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LOMA 281 Module 1 Study Guide Exam Questions with Answers 100% Verified 2024
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LOMA 281 Module 1 Study Guide 
Exam Questions with Answers 100% 
Verified 2024 
Risk the possibility of an unexpected result. 
Premium A specified amount of money an insurer charges in exchange for its agreement to 
pay a policy benefit when a specific loss occurs. 
Insurance company A company that provides protection against the risk of financial loss 
caused by specific events. 
Life insurance A type of insurance under which the insurer promises to pay a death benefit 
upon the death of a...
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LOMA 281 Module 2 exam 2023 / 2024 complete solution
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LOMA 281 Module 2 exam 2023 / 2024 complete solution
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