Life insurance exam prep - Study guides, Class notes & Summaries

Which of the following is an example of an unauthorized insurance company in Illinois? Company C, a Florida-based company that does not hold a certificate of authority Illinois but whose products are approved by the Illinois insurance department Company D, a Canadian company that holds a certificate of authority in Illinois Company B, an Iowa-based company that does not hold a certificate of authority in Illinois and sells products that are not approved by the Illinois insurance department ...

Life Insurance Exam Prep Questions and Answers Rated A+ Primary purpose for a rating service company such as A.M best? To determine financial strength of an insurance company Primary reason for buying life insurance? Provide death benefits What is described as an insurers ability to make unpredictable payouts to its policy owners? Liquidity What is described as a plan in which an employer pays insurance benefits from a fund derived from the employers current revenue? Self-Funded Plan Which p...

NC Life Insurance Exam Prep With 100% Correct Answers An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - answerA policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - answerSharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - answerPremiums 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 policyownerAnswer - A policy summary and buyer's guide All of the following actions are considered rebating EXCEPTAnswer - 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 or policy of insuranceAnswer - Is guilty of a misdeme...

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 or policy of insurance - ANSWER Is guilty of a mis...

NC Life Insurance Exam Prep With 100% Correct Answers An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - answerA policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - answerSharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - answerPremiums are waived if payor becomes disabled An agent who signs a blank contract application ...

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 - 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 w...

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...

NC Life Insurance Exam Prep Questions with Verified Solutions A 15-year mortgage is best protected by what kind of life policy? - Answer 15-year decreasing term A 42 year old executive wants to purchase life insurance that will allow for increases or decreases to coverage as his/her needs change. Which of the following policies will best meet this need? - Answer Universal life A father who dies within 3 years after purchasing a life insurance policy on his infant daughter can hav...

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 policy of...