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which dividend option allows a policy owner to use his or her dividends to buy life insurance on a single premium basis? - Answer-paid up additions option The Alabama Life and Disability Insurance Guaranty has the power to - Answer-Loan Money to an insolvent insurance company, guarantee the obligations of an insurance company, and provide money to satisfy the obligations of an insurance company. Paula has an insurance policy that has a guaranteed minimum cash value, a guaranteed death benef...

Aflac's Understanding Insurance Fraud and Prohibited Practices guide includes _______________. - Answer-Policy administration and claims administration prohibited practices and Corrective actions and FAQs Fraud is an intentional act, omission or violation of trust designed to _____ others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain. - Answer-deceive Prohibited Practices include acts that _______ the procedures, industry codes, branding or security as ...

An insured covered by Accidental Death and Dismemberment (AD&D) insurance has just died. What will happen if the primary beneficiary had already died before the insured and contingent beneficiary? - Proceeds will go to the contingent beneficiary The federal income tax treatment of employer-provided group Medical Expense insurance can be accurately described as: - Employee's premiums paid by the employer is tax-deductible to the employer as a business expenditure P and Q are married and ha...

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Uses of Life Insurance - -Insured pays premium to company and in return, company assumes risk of that person dying prematurely -premium (small certain loss) is exchanged for a large uncertain loss -spreading risk of premature death among a large group Life insurance has value like property: -valuable part of individuals estate, providing immediate cash to pay debts and financial security to insured's survivors -cash value of life insurance policy can be used as collateral to secure a loa...

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