Decreasing term insurance - Study guides, Class notes & Summaries
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AZ Life Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A
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AZ Life Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A 
 
Q: A life policy that has premiums that are lower than normal during the early years is called 
 Decreasing term 
 Modified life 
 Variable life 
 Limited-pay life 
 
 
Answer: 
Modified life 
 
 
Q: a material change in a modified endowment contract (MEC) results in 
the contract becoming void 
a new contestable period 
the seven pay test, adjustable for cash value, applies again 
a tax ...
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Texas General Lines - Life, accident and health insurance PRACTICE EXAM Questions and Answers with complete solutions 2023/2024
- Exam (elaborations) • 60 pages • 2023
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Texas General Lines - Life, accident and health insurance PRACTICE EXAM Questions and Answers with complete solutions 2023/2024 
 
LIFE SECTION 1 - 
 
1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20-year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? 
 
A- $50,000 Whole Life policy 
B- $50,000 Level Term policy for 20 years 
C- $50,000 20 Pay Life policy 
D- $...
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Nevada Life & Health Insurance Exam Questions and Answers 100% Pass
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Nevada Life & Health Insurance Exam 
Questions and Answers 100% Pass 
term insurance - Answer- temporary protection because it only provides coverage for a 
specific period of time 
face amount - Answer- death benefit 
3 basic types of term coverage - Answer- level, increasing, decreasing 
- based on how the face amount changes during the policy term 
What is the premium in term insurance? - Answer- regardless of type of term insurance 
purchased, premium is level throughout the term of policy 
...
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NC Life Insurance Practice Exam Questions and Answers Already Passed
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NC Life Insurance Practice Exam Questions and Answers Already Passed 
All of the following are included within the Insurance Commissioner's duties EXCEPT 
a) Conducting investigation of all domestic insurers. 
b) Reviewing the insurers' annual reports. 
c) Writing North Carolina insurance laws. 
d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. c) Writing North Carolina ins...
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NC Life Insurance Exam Prep Questions and Answers Already Passed
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NC Life Insurance Exam Prep Questions and Answers Already Passed 
An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide 
All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents 
What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled 
An agent who signs a blank contract application or policy of insu...
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Louisiana Life, Health & Accident Insurance Series 103 Practice Exam | 90 Questions with 100% Correct Answers | Verified | Latest Update 2024
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Under which situation must insurable interest exist between the applicant and insured at the time of 
application? - When a third-party applicant names themselves beneficiary. 
Which of the following is true about a decreasing term life policy? - The face amount reaches zero at 
policy expiration. 
Which of the following occurs immediately after the application is submitted and the initial premium 
paid? - The underwriting process begins 
For an individual long-term care policy there is an annua...
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Exam Simulator FL-LH - FL Health and Life and Annuity 100% Pass
- Exam (elaborations) • 68 pages • 2024
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Exam Simulator FL-LH - FL Health and Life and Annuity 100% Pass A non-contributory plan requires _________ participation of all eligible employees 100% 
A characteristic of preferred provider organizations (PPOS) would be: Discounted fees for the patient 
Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? Commerce 
Additional coverage can be added to a whole Life policy by adding a(n): decreasing term rider 
What benefit does the payor clause on a Ju...
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Test Bank for Foundations for Population Health in Community/Public Health Nursing, 6th Edition (Stanhope, 2022), Chapter 1-32 | All Chapters
- Exam (elaborations) • 271 pages • 2024
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Test Bank - Foundations for Population Health in Community/Public Health Nursing, 6th Edition (Stanhope, 2022), Chapter 1-32 | All Chapters. Table of Contents Chapter 1. Community and Prevention Oriented Practice to Improve Population Health Chapter 2. The History of Public Health and Public and Community Health Nursing Chapter 3. The Changing U.S. Health and Public Health Care Systems Chapter 4. Ethics in Public and Community Health Nursing Practice Chapter 5. Cultural Influences in Nursing in ...
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Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers
- Exam (elaborations) • 84 pages • 2023
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Arizona Life Insurance Exam 
Questions and Answers 
(Latest Update 2023) 
Verified Answers 
a whole life policy that provides a choice of dividend options include the 
following statement about dividends they accrue at a guaranteed rate 
they are deferred for one year they are not guaranteed they are guaranteed 
after the first year - Correct Answers they are not guaranteed 
When there is a named beneficiary on a life insurance policy, the death 
benefits 
1. are directed to a trustee ...
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NEW JERSEY LIFE AND HEALTH FINAL EXAM
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Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? - Answer-Home health care 
 
Which of the following is NOT a federal requirement of a qualified plan? - Answer-Employee must be able to make unlimited contributions 
 
Why are dividends from a mutual insurer not subject to taxation? - Answer-Because dividends are considered to be a return of premium 
 
The treasurer of XYZ Insurance Company discovers that the t...
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