Viatical settlement - Study guides, Class notes & Summaries

Indiana Life and Health Insurance Final Exam (xceltestingsolutions) Already Passed Which of these is NOT considered to be a violation of the Unfair Competition Law in Indiana? monopolize or restrain trade making unsubstantiated criticisms about an insurance company pay insurance commissions to an unlicensed individual paying a finder's fee to an individual who provides a sales lead paying a finder's fee to an individual who provides a sales lead A viatical settlement agent, according to t...

Arizona Life Insurance Exam - Life Insurance Basics Questions and Answers Graded A Beneficiary A person who receives the benefits of an insurance policy Death Benefit The amount paid upon the death of the insured in a life insurance policy Cash Value Equity amount accumulated in permanent life insurance Estate A person's net worth Illustrations Presentation or depiction of nonguaranteed elements of a life insurance policy Life Insurance Coverage on human lives Liquidation Selling assets i...

The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - Answer-insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - Answer-cancelable The renewability provision in a cancelable policy allows the insurer to cancel or terminate the policy at...

nevada life insurance Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS During replacement of life insurance, a replacing insurer must do which of the following? A Send a copy of the Notice Regarding Replacement to the Department of Insurance B Obtain a list of all life insurance policies that will be replaced C Guarantee a replacement for each existing policy D Designate a new producer for a replaced policy - Answer -B Which of the following documents must be provide...

An insured owns a term policy with a guaranteed renewable option. When the end of the policy draws near, the insured answers medical questions in order to prove insurability and qualifies for a discounted premium rate. Which option best describes this scenario? 1) preferred premium reduction 2) contract review 3) revision of consideration 4) re-entry - ️️4) re-entry What method do insurers use to protect themselves against catastrophic losses? 1) pro rata liability 2) risk manageme...

Beneficiary A person who receives the benefits of an insurance policy Death Benefit The amount paid upon the death of the insured in a life insurance policy Cash Value Equity amount accumulated in permanent life insurance Estate A person's net worth Illustrations Presentation or depiction of nonguaranteed elements of a life insurance policy Life Insurance Coverage on human lives Liquidation Selling assets in order to raise capital (such as using cash value for capital needs) Lump-Sum Pay...

During replacement of life insurance, a replacing insurer must do which of the following? A Send a copy of the Notice Regarding Replacement to the Department of Insurance B Obtain a list of all life insurance policies that will be replaced C Guarantee a replacement for each existing policy D Designate a new producer for a replaced policy - B Which of the following documents must be provided to the policyowner or applicant during policy replacement? A Buyer's Guide and Policy Summary...

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions with 100% Correct Solutions The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - Correct Answer ️️ -insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called...

Which of these is NOT considered to be a violation of the Unfair Competition Law in Indiana? monopolize or restrain trade making unsubstantiated criticisms about an insurance company pay insurance commissions to an unlicensed individual paying a finder's fee to an individual who provides a sales lead - ANSWER paying a finder's fee to an individual who provides a sales lead A viatical settlement agent, according to the Indiana Department of Insurance, is an individual who finances ...

Which of these is NOT considered to be a violation of the Unfair Competition Law in Indiana? monopolize or restrain trade making unsubstantiated criticisms about an insurance company pay insurance commissions to an unlicensed individual paying a finder's fee to an individual who provides a sales lead - ANSWER paying a finder's fee to an individual who provides a sales lead A viatical settlement agent, according to the Indiana Department of Insurance, is an individual who finances ...