Alabama life and - Study guides, Class notes & Summaries

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a predetermined limit. correct answers 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 correct answers Which of the following would be considered proper establishment of insurable interest in the life insurance area? It is called the mortality rate correct answers Which of the following statements about the average number of people who die each year is true? Equal value ...

University of Alabama OM 300 Chilcutt Final Exam with Verified Answers| 100% Correct| 100% Score Production - The making of goods and services Productivity - is the ratio of outputs (goods and services) Multifactor productivity - indicates the ratio of goods and services produced (outputs) to many or all resources (inputs) Competitive Advantage - the creation of a unique advantage over competitors Product Life Cycle - introduction, growth, maturity, decline Outsourcing - transferring a f...

Alabama Life and Health Insurance- Comp Exam

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ALABAMA LIFE AND HEALTH INSURANCE EXAM TEST BANK WITH 400 EXAM PRACTICE QUESTIONS AND CORRECT ANSWERS (100% CORRECT VERIFIED ANSWERS) Jill, whose policy contains a waiver of premium rider, becomes disabled for two years during which time the company pays over $400 in premiums. Jill recovers and now must: - ANSWER-Begin paying the premiums as they become due A is the insured under a $100,000 10 year term life insurance policy with her spouse named as her beneficiary. If she dies in y...

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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 - answer-D. Life income option A man with an Accidental Death & Dismemberment (AD&D) policy having a Principal Sum of $100,000 and ...

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