Arkansas Life Insurance Exam Terms Questions With Answers Package Solutions

Arkansas Life Insurance Exam Terms Questions With Answers Accelerated Benefits - ANS Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - ANS A policy rider that states that the cause...

Arkansas Life Insurance Exam Questions And Answers A life insurance premium is paid each month. The insurer then subtracts a mortality and expense charge from the policy's cash value. This best describes which of the following life insurance policies? A. Whole Life B. Variable Whole Lif...

Arkansas Life Insurance Exam Questions And Answers Ordinary Life - ANS Individual life insurance that includes many types of temporary and permanent insurance protection plans written as individuals Term Life - ANS Provides low cost insurance protection for a specified period (or term) an...

Arkansas Life Insurance Exam Questions And Answers Adverse Selection - ANS Insuring of risks that are more prone to losses than the average risk. Death Benefit - ANS The amount paid upon the death of the insured in a life insurance policy. Insurance Policy - ANS A contract between a...

Life & Health Insurance Exam (Arkansas) Questions With Verified Solutions Reserves - ANS Funds held by the company to fulfill future claims. Funds are set by the state department of insurance. Multi-line Insurer - ANS An insurance company selling more than one line of insurance. (Ex. Home...

Arkansas Life Insurance Training Questions And Answers Twisting - ANS Misrepresenting for the purpose of inducing or tending to induce the lapse, forfeiture, exchange, conversion, or surrender of any insurance policy. Unfair Discrimination - ANS Permitting individuals of the same cl...

Arkansas Life Insurance Review Exam Questions And Answers Insurance - ANS Transfers the risk of loss from an individual or business entity to an insurance company, which spreads the costs of unexpected losses to many individuals Agent/Producer - ANS A legal representative of an insuranc...

XCEL- Arkansas Life Insurance Final Exam Questions And Answers blackout period Period following the death of a family breadwinner during which no Social Security benefits are available to the surviving spouse. per capita for each person; in relation to people taken individually, is a me...

Arkansas Life and Health Insurance Exam Questions And Answers Absolute Assignment - ANS assignment by the policyholder of all the policy control and rights to a third party Accident and Sickness - ANS insurance against bodily injury, death or disability by accident or against disability...

ARKANSAS HEALTH INSURANCE EXAM QUESTIONS AND ANSWERS In order for a contract to be valid, it must: - ANS Contain an offer & acceptance When does a nondisabled person first qualify for a Medicare Supplement Policy? - ANS Age 65 A life insurance company has transferred some of its risk t...