Health insurance policys - Study guides, Class notes & Summaries

Whole Life Insurance - answers-A permanent insurance policy which is guaranteed to remain in force for the insured's entire lifetime - Provided that the required premiums are paid, or to the policy maturity date. Whole Life Insurance can also be described as: - answers-Permanent, endowment, or ordinary Whole Life is designed to - answers-Remain in force for the whole life of the insured and the premiums will never increase. Limited pay whole life - answers-Policy allows for a lifetime ...

Life and Health Insurance Exam questions and answers 100% guaranteed success. Which dividend option would an insurer invest the policyowner's money and add any interest earnings as the dividends accrue? - correct answers.Accumulation at interest option Which of these is not a true statement regarding HIC's - correct answers.Benefits are provided on a reimbursement basis Which of the following pertains to the analysis of an applicant's personal information and dete...

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 if the i...

Whole Life Insurance - answers-A permanent insurance policy which is guaranteed to remain in force for the insured's entire lifetime - Provided that the required premiums are paid, or to the policy maturity date. Whole Life Insurance can also be described as: - answers-Permanent, endowment, or ordinary Whole Life is designed to - answers-Remain in force for the whole life of the insured and the premiums will never increase. Limited pay whole life - answers-Policy allows for a lifetime ...

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 if the i...

Types of Licenses - ANSWER--Producers -Business entity producers -Nonresident producers -Temporary -Special Brokers -Advisers -Public insurance adjusters -Reinsurance Adjusters -Life settlement broker portable electronics insurance limited lines insurance Producers - ANSWER-is a general term applied to anyone who engages in the sale of insurance products. Producers must be licensed by the state in which they wish to sell insurance. Business entity producer - ANSWER-A requirement f...

james bought a life insurance policy 18 months ago. If he commits suicide today, what, if anything, would the insurer be obligated to pay the beneficiary? -the full death benefit -the death benefit minus premiums paid -refund of the premiums paid -nothing - ANSWER If you commit suicide within 2 years after purchasing a life insurance policy, the insurer is obligated to only refund the premiums paid to your beneficiary. in some states, employers can buy group life insurance for their emp...

webce Exam questions and Answers which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a second mortgage on his house and uses the proceeds to gamble -wanting better job security, Ron cashes in his life insurance to start his own business - Correct answer knowing that his family is dependin...

CT Life and Health State Exam Simulator with complete solutions 2024/2025 After a life insurance policy has been in force for more than _____ years the policy is considered incontestable. - Correct Answer 2 Years An accident and health insurance policy's premium requirements are set forth in which of the following provisions? - Correct Answer Consideration Clause Which of these would NOT be a valid reason to add the waiver of premium rider to a life insurance policy? - Correct Answer...

Ch2 VA state and health, Questions and answers. 2022/2023. Rated A Document Content and Description Below Ch2 VA state and health, Questions and answers. 2022/2023. Rated A Which of the following is true regarding the premium in term policies? A) Only level term policy has a level premium. B) In in creasing term policies the premium will increase as the death benefit increases. C) Decreasing term policy will have a decreasing premium. D) The premium in any type of term policy is usually level....