Sc life - Study guides, Class notes & Summaries

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Incontestable period Probation period Reinstatement period Grace period - ANSWER_Grace period A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? Standard Substandard Acceptable Preferred - ANSWER_Preferred Which of these is affected by the frequency of an insurance policy's premium payments? Settlement options Cash value Death benefit Cost - ANSWER_Cost A Buyer's Guide MUST display year-by-yea...

SC LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS An insurer will accept a premium from the insured and continue theicoverage in full force as though it was NOT late during which time period? Incontestable period Probation period Reinstatement period Grace period - correct answer Grace period A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? Standard

SC Life Insurance Exam Questions and Answers 100% Pass If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? The balance of the loan will be taken out of the death benefit An insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that? Inspection Report The clause that protects the proceeds of a life insurance policy from creditors after the death of the ...

Annuity Certain - ANSWERSMaria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called Survivorship Life - ANSWERSThe type of policy which pays on the death of the last person is called Malign another insurer - ANSWERSDefamation occurs when a producer makes a false statement intended to A 70 year old NOT eligible for Social Security *You are not eligible to receive Medicare Part A benefits at age 65 or older if you are el...

SC life insurance exam study set questions and answers

SC Life Insurance Exam (Exam for SC licensure for producing insurance as an agent) 2024 Questions & Answers.

SC Life, Accident, Health Exam with correct Answers

SC life insurance exam study set questions and answers

SC Life, Accident, Health Exam with correct Answers

SC Life Insurance Exam Questions And Answers The balance of the loan will be taken out of the death benefit - ANS If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - ANS An insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that? Spendthrift Clause - ANS The clause that protects the proceeds of a life insurance policy from cr...