INS 3303 Life Insurance Exam 2 Ch 9 11 19 22 (INS3303)
Harvard University
All 2 results
Sort by
-
INS 3303 Life Insurance Exam 2 Ch 9 11-19 22
- Exam (elaborations) • 15 pages • 2022
-
- $12.49
- + learn more
INS 3303 Life Insurance Exam 2 Ch 9 11-19 22 
A policy that originally is not a modified endowment contract will be subject 
to re-testing if there is a "material change" in the contract. Which of the 
following would likely be a material change? 
Answer 
Selected 
Answer: Increases in death benefits because of premiums paid for the 
policy to support the first seven contract years of benefits. 
Correct 
Answer: An exchange of one policy for another policy in a 1035 
exchange. 
• Questi...
-
INS 3303 Life Insurance Exam 2 Ch 9 11-19 22 (INS3303)
- Exam (elaborations) • 15 pages • 2021
-
- $9.99
- + learn more
Exam (elaborations) INS 3303 Life Insurance Exam 2 Ch 9 11-19 22 (INS3303) 
A policy that originally is not a modified endowment contract will be subject 
to re-testing if there is a "material change" in the contract. Which of the 
following would likely be a material change? 
Answer 
Selected 
Answer: 
Increases in death benefits because of premiums paid for the 
policy to support the first seven contract years of benefits. 
Correct 
Answer: 
An exchange of one policy for another policy in a...
Get paid weekly? You can!
That summary you just bought made someone very happy. Also get paid weekly? Sell your study resources on Stuvia! Discover all about earning on Stuvia