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CFP 512 Final Exam Questions And Answers 100% Correct
CFP 512 Final Exam Questions And Answers 100% Correct Whole life policy illustrations Exhibit all of the following except anticipated earnings in variable subaccounts. Dividend option Paid-up additions Extended term policy for Antonio Allows the policy to last past a normal life expectancy, with the full death benefit going to heirs without additional out-of-pocket expenses if the insured passes away within the extended term period.
- Exam (elaborations)
- • 80 pages •
CFP 512 Final Exam Questions And Answers 100% Correct Whole life policy illustrations Exhibit all of the following except anticipated earnings in variable subaccounts. Dividend option Paid-up additions Extended term policy for Antonio Allows the policy to last past a normal life expectancy, with the full death benefit going to heirs without additional out-of-pocket expenses if the insured passes away within the extended term period.
CFP 512 Testing Questions And Answers 100% Correct
CFP 512 Testing Questions And Answers 100% Correct Which of the following statements regarding the principles of risk and insurance are CORRECT? 1. Risk is a condition in which there is a possibility of an adverse result from the expected desired outcome. 2. A hazard is the cause of a financial loss and is the actual event for which the individual purchases insurance. 3. A peril is a condition that increases the probability that a financial loss will occur. 4. Pure risk involves only ...
- Exam (elaborations)
- • 191 pages •
CFP 512 Testing Questions And Answers 100% Correct Which of the following statements regarding the principles of risk and insurance are CORRECT? 1. Risk is a condition in which there is a possibility of an adverse result from the expected desired outcome. 2. A hazard is the cause of a financial loss and is the actual event for which the individual purchases insurance. 3. A peril is a condition that increases the probability that a financial loss will occur. 4. Pure risk involves only ...
CFP FP 512 Risk, Insurance and Employee Benefits Questions And Answers 100% Correct
CFP FP 512 Risk, Insurance and Employee Benefits Questions And Answers 100% Correct Risk The possibility of financial loss or physical harm. Peril cause of loss Hazard Increases the chance of loss Risk, Peril and Hazard Example If a homeowner, you have a risk of that home being destroyed. Hurricanes, tornadoes and fires are all potential perils. The oily rags in your garage are an example of a hazard because they increase the likelihood of an accident
- Exam (elaborations)
- • 2 pages •
CFP FP 512 Risk, Insurance and Employee Benefits Questions And Answers 100% Correct Risk The possibility of financial loss or physical harm. Peril cause of loss Hazard Increases the chance of loss Risk, Peril and Hazard Example If a homeowner, you have a risk of that home being destroyed. Hurricanes, tornadoes and fires are all potential perils. The oily rags in your garage are an example of a hazard because they increase the likelihood of an accident
CFP Exam -- FP512 Questions And Answers 100% Correct
CFP Exam -- FP512 Questions And Answers 100% Correct Insurance * A device used to manage risk by having a large pool of people share in the financial losses suffered by members of the pool * Risk is transferred to an insurance company * The more group members, the greater the probability that an actual loss will equal the expected loss Risk * A condition where there is a possibility of an adverse deviation from the desired outcome * Outcome is indeterminate * At least two outcomes,...
- Exam (elaborations)
- • 43 pages •
CFP Exam -- FP512 Questions And Answers 100% Correct Insurance * A device used to manage risk by having a large pool of people share in the financial losses suffered by members of the pool * Risk is transferred to an insurance company * The more group members, the greater the probability that an actual loss will equal the expected loss Risk * A condition where there is a possibility of an adverse deviation from the desired outcome * Outcome is indeterminate * At least two outcomes,...
FP512 Practice Exam Questions And Answers 100% Correct
FP512 Practice Exam Questions And Answers 100% Correct Which of the following refers to the process of evaluating and classifying the risk level of applicants for insurance? A) Utilization review B) Underwriting C) Actuarial science D) Adverse selection Underwriting is the process of evaluating and classifying the risk level of applicants for insurance. Underwriting may also help insurers control adverse selection
- Exam (elaborations)
- • 158 pages •
FP512 Practice Exam Questions And Answers 100% Correct Which of the following refers to the process of evaluating and classifying the risk level of applicants for insurance? A) Utilization review B) Underwriting C) Actuarial science D) Adverse selection Underwriting is the process of evaluating and classifying the risk level of applicants for insurance. Underwriting may also help insurers control adverse selection
Risk Mgmt Midterm Questions And Answers 100% Correct
Risk Mgmt Midterm Questions And Answers 100% Correct Ken owns a hardware store that fills customers' propane tanks. You are Ken's insurance agent and are attempting to explain insurance terms to Ken. Which of the following statements is CORRECT? I. Fire is a peril. II. Leaving oily rags in a hardware store's repair shop area is a hazard. III. The handling of propane is a hazard. IV. A pure risk is one that involves only the chance of loss or no loss; in other words, there is ...
- Exam (elaborations)
- • 37 pages •
Risk Mgmt Midterm Questions And Answers 100% Correct Ken owns a hardware store that fills customers' propane tanks. You are Ken's insurance agent and are attempting to explain insurance terms to Ken. Which of the following statements is CORRECT? I. Fire is a peril. II. Leaving oily rags in a hardware store's repair shop area is a hazard. III. The handling of propane is a hazard. IV. A pure risk is one that involves only the chance of loss or no loss; in other words, there is ...
Fp 512 practice questions Questions And Answers 100% Correct
Fp 512 practice questions Questions And Answers 100% Correct Ronnie has been working and saving for a car since he was 13. He recently turned 16, obtained a driver's license, and purchased a car for which he paid cash. He went to his insurance agent's office and purchased the required car insurance. The agent did not notice that he is only 16. In the event of a claim, which option is available to the insurance company? Pay the claim. The pairs and sets option of loss settlement u...
- Exam (elaborations)
- • 85 pages •
Fp 512 practice questions Questions And Answers 100% Correct Ronnie has been working and saving for a car since he was 13. He recently turned 16, obtained a driver's license, and purchased a car for which he paid cash. He went to his insurance agent's office and purchased the required car insurance. The agent did not notice that he is only 16. In the event of a claim, which option is available to the insurance company? Pay the claim. The pairs and sets option of loss settlement u...
CFP - Insurance Planning Questions And Answers 100% Correct
CFP - Insurance Planning Questions And Answers 100% Correct Which of the following is a benefit provided by Medicare Part B? a. coverage for prescription drugs can be self-administered b. coverage for a skilled nursing home stay up to 100 days c. free preventative care services d. hospital care beyond 150 days of one stay free preventative care services - medicare b coverage for prescription drugs limited to drugs that cannot be self-administered and others Medicare part A
- Exam (elaborations)
- • 72 pages •
CFP - Insurance Planning Questions And Answers 100% Correct Which of the following is a benefit provided by Medicare Part B? a. coverage for prescription drugs can be self-administered b. coverage for a skilled nursing home stay up to 100 days c. free preventative care services d. hospital care beyond 150 days of one stay free preventative care services - medicare b coverage for prescription drugs limited to drugs that cannot be self-administered and others Medicare part A
CFP FP512 Key Terms Questions And Answers 100% Correct
CFP FP512 Key Terms Questions And Answers 100% Correct Abandonment Represents the possibility of a loss—or a negative deviation from a desired outcome. Absolute Liability (Strict Liability) The standard imposed when a person or organization is held responsible for any damages, even when there has been no negligence (e.g. keeping wild animals) Actual Cash Value replacement cost minus depreciation Adjuster A representative of an insurance company who investigates and acts on the be...
- Exam (elaborations)
- • 34 pages •
CFP FP512 Key Terms Questions And Answers 100% Correct Abandonment Represents the possibility of a loss—or a negative deviation from a desired outcome. Absolute Liability (Strict Liability) The standard imposed when a person or organization is held responsible for any damages, even when there has been no negligence (e.g. keeping wild animals) Actual Cash Value replacement cost minus depreciation Adjuster A representative of an insurance company who investigates and acts on the be...
Cfp fp512 Questions And Answers 100% Correct
Cfp fp512 Questions And Answers 100% Correct Abandonment Surrendering ownership of damaged property Absolute Liability Standard imposed when a person is held responsible for any damages,even when there is no negligence Actual Cash Value (ACV) Replacement cost minus depreciation Aleatory Contract Outcome is controlled by chance and the dollars that change hands are often of unequal amounts
- Exam (elaborations)
- • 5 pages •
Cfp fp512 Questions And Answers 100% Correct Abandonment Surrendering ownership of damaged property Absolute Liability Standard imposed when a person is held responsible for any damages,even when there is no negligence Actual Cash Value (ACV) Replacement cost minus depreciation Aleatory Contract Outcome is controlled by chance and the dollars that change hands are often of unequal amounts
NAUI Nitrox Diver Final Exam With Solutions 100% Correct
NURSADN9 Exam #1 Study Guide Questions With Solutions
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Nebraska Pesticide Applicator Certification Questions and Answers 100% Solved