K buys a policy where the - Study guides, Class notes & Summaries

Texas Life Insurance Exam Exam Questions with Correct Answers Graded A+, Latest updates P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when P receives the policy and pays the premium A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be carrer? 20...

Exam Simulator FL-LH - FL Health and Life and Annuity Already Rated A+ A non-contributory plan requires _________ participation of all eligible employees A characteristic of preferred provider organizations (PPOS) would be: 100% Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? Commerce Additional coverage can be added to a whole Life policy by adding a(n): What benefit does the payor clause on...

Texas Life Insurance Exam Exam Questions with Correct Answers Graded A+, Latest updates P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when P receives the policy and pays the premium A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be carrer? 20...

NC Life Insurance Exam Prep Questions and Answers Already Passed An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled An agent who signs a blank contract application or...

Missouri Life Insurance Exam Questions & Answers 100% accurate! 401(k) Plan -ANSWER A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment -ANSWER Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner Accelerated Death Benefit -ANSWER Policy provision that allows f...

Exam Simulator FL-LH - FL Health and Life and Annuity A non-contributory plan requires _________ participation of all eligible employees 100% A characteristic of preferred provider organizations (PPOS) would be: Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? Commerce Additional coverage can be added to a whole Life policy by adding a(n): decreasing term rider What benefit does the payor clause on a Juve...

P is a producer who notices 5 questions on a life application were not answered. What actions should P take? - Set up a meeting with the applicant to answer the remaining questions K buys a policy where the premium stays fixed for the first 5 years. The premium then increases in year 6 and stays level thereafter, all the while the death benefit remains the same. What kind of policy is this? - Modified Whole Life Which of the following would be a valid reason for suspending or revoking an in...

NC Life Insurance Exam Prep Questions and Answer An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - Answer- A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Answer- Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - Answer- Premiums are waived if payor becomes disabled An agent who signs a blank contract application...

An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - Premiums are waived if payor becomes disabled An agent who signs a blank contract application or policy of insurance - Is guilty of a misdemeanor A person is requ...

S buys $100,000 whole life policy in 2003 and pays an annual premium of $100. S dies five years later in 2008 and the insured pays the beneficiary $10,500. What kind of writer did S include on the policy? - CORRECT ANSWER-A Return of permium rider All of these statements about the Waiver of Premium provision are correct EXCEPT - CORRECT ANSWER-Insured must be eligible for Social Security disability for claim to be excepted Which of these provisions require proof of insurability after a ...