Graded premium whole life - Study guides, Class notes & Summaries

Webce Insurance test questions|Latest Update Graded A+ Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 10 days Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? S...

NC Life insurance state exam study guideline already graded A+ Term Insurance Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance Expire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. Level Term Insurance Term insurance can be Renewed annually. Has a level Face Amount at renewal, Premiums goes up. Can be purchased for a Year or as o...

Life Insurance License ExamOrdinary Straight Life - Whole Life - correct answer - Protection from the date of the policy issued to the date of the insured's death, or if still living at age 100 the policy has matured and death benefits are paid - Premium rate is based on the assumption that the insured will be paying premium for the "whole of life" - No changes can be made to the policy without the consent of the policy owner and the insurer - Death benefit and premium remain constant th...

Primerica - Exam test Questions Answers 2024 with complete solution An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion - Answer ️️ -Adhesion An insurance policy ...

Connecticut Life and Health Insurance Exam Latest Update Graded A A producer has indicated to a potential client that the proposed life insurance is covered by the Connecticut Life and Health Insurance Guaranty Association. This action taken by the producer is "Prohibited by law". Pointing out to a prospective client that the life insurance policy you are presenting is covered by the Connecticut Life and Health Guaranty Association is prohibited by law. Which of the following does NOT involv...

Primerica - Exam Test Questions With 100% Correct Answers 2024An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion An insurance policy that only requires a payment of pr...

Webce Insurance test questions with verified answers Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - Answer ️️ -10 days Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she sa...

NC Life insurance state exam study guideline Term Insurance Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance Expire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. Level Term Insurance Term insurance can be Renewed annually. Has a level Face Amount at renewal, Premiums goes up. Can be purchased for a Year or as often as 5, 10, 15, ...

Life, health & annuities NE insurance exam latest update graded A+ Not regarding deferred annuities Accumulated funds cannot be out assessed until the pay out. Using the needs approach you wouldn't need Prospects employment history Not common use for life insurance Liquidate and estate it usually only creates an estate The exclusion ratio applies until all principal and annuity contract has been paid out after that what will happen The full amount a future annuity payments are tre...

NJ Accident and Health Producer Latest Update Graded A+ Life income joint and survivor settlement option guarantees... Income for 2 or more recipents A participating insurance policy may do which of the following:... Pay dividends to the policy owner What is TRUE about the cash surrender nonforfeiture option? Funds exceeding the premiums paid are taxable as ordinary income Participating Insurance policy will... pay dividends to the owner based upon mortality cost, interest earned an...