Accelerated payments - Study guides, Class notes & Summaries

Illinois Life & Health Insurance Exam Questions and Answers with Verified Solutions Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses Accidental death benefits a policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death accidental death insurance an insurance policy that provides payment if the insureds death is th...

Pennsylvania Life Insurance – Provisions Questions and Answers Already Passed Which of these is NOT a typical life insurance nonforfeiture option? Reduced paid-up option Extended term option Cash surrender option Life income settlement option Life Income Settlement Option A life insurance policy's waiver of premium rider has the ability to waive the premium payments in the event the insured becomes financially insolvent waive the premium payments in the event the insured becom...

ohio life insurance exam Questions and Answers (2024 / 2025) (Verified Answers) How soon can the benefit payments begin with a deferred annuity? - CORRECT ANSWER a minimum of 12 months after date of purchase which of these is considered to be a living benefit option in a life insurance policy - CORRECT ANSWER Accelerated death benefit An example of naming a beneficiary by class would be "To the children born of my union with Ned Jackson: David Jackson, Jennifer Jackson, and Scot...

Accelerated Benefits - Answer- Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. accident - Answer- An unplanned unforeseen event, which occurs suddenly and an unspecific place accident insurance - Answer- A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - Answer- Unplanned, unforeseen traumatic injury to the body. Accidental death and dis...

RECA Fundamentals of Mortgage Brokerage 2024 Exam AACI Correct Answer Accredited Appraiser Canadian Institute - designation granted by Appraisal Institute of Canada Accelerated Payments Correct Answer payment options stream whereby the monthly mortgage payment is either split in half or in quarters and is paid every two weeks (bi-weekly) or every week (weekly) Accredited Mortgage Professional - AMP Correct Answer national designation for mortgage professionals in Canada issued by the Ca...

Test Bank for Income Tax Fundamentals 2022 40e 40th Edition by Gerald E. Whittenburg; Martha Altus-Buller; Steven Gill. ISBN-13: 6386 Full Chapters test bank included Chapter 1: The Individual Income Tax Return 1-1 History and Objectives of the Tax System 1-2 Reporting and Taxable Entities 1-3 The Tax Formula for Individuals 1-4 Who Must File 1-5 Filing Status and Tax Computation 1-6 Qualifying Dependents 1-7 Economic Impact Payment and Recovery Rebate Credit 1-10 Tax and the Inte...

New Jersey Life and Health - Final Exam Set Exam Questions With Revised Correct Answers | Already Passed!! Julie has a $100,000 30-year mortgage on her new home. What type of life insurance could she purchase that is designed to pay off the loan balance if she dies within the 30-year period? - ANSWER : Decreasing term insurance EXCEPT for fraud, the time after issuance of a policy during which an insurance company may contest a health insurance claim due to the statements on a...

Equipment Lease - Correct answer-A transaction in which use and posession but not title to tangible property, is transfered for consideration. Section 38 Property - Correct answer-IRS (tax) defines personal property that can be leased as depreciable property. Third Party Leasing - Correct answer-Unrelated Maufacturer, Dealer or Broker, the independent lessor and the lessee. Balance sheet (Op Lease) - Correct answer-Includes Assets C ash A sset T otal assets Liabilities S ecurity dep...

Accelerated Benefits - Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Accident - an unplanned, unforeseen event which occurs suddenly and at unspecified place Accident Insurance - A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Bodily Injury - unplanned, unforeseen, traumatic injury to the body Accidental Death and Dismemberment (AD&D) - An insurance policy...

How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 - ANSWER-2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two years and have premiums refunded C. an increasing amount of term insurance that e...