Insurance basics - Study guides, Class notes & Summaries

CH#2: Life Insurance Basics Q&AIt is intended to provide coverage on a date earlier than the date of the issuance of the policy - correct answer What is the purpose of a conditional receipt A) It is intended to provide coverage on a date earlier than the date of the issuance of the policy B) It guarantees the applicant that a policy will be issued in the amount applied for in the application C) It serves as proof that the agent has determined the applicant to be fully insurable for coverage...

Arizona Life Insurance Exam - Life Insurance Basics Questions and Answers Graded A Beneficiary A person who receives the benefits of an insurance policy Death Benefit The amount paid upon the death of the insured in a life insurance policy Cash Value Equity amount accumulated in permanent life insurance Estate A person's net worth Illustrations Presentation or depiction of nonguaranteed elements of a life insurance policy Life Insurance Coverage on human lives Liquidation Selling assets i...

Beneficiary - ANSWER A person who receives the benefits of an insurance policy Death Benefit - ANSWER The amount paid upon the death of the insured in a life insurance policy Cash Value - ANSWER Equity amount accumulated in permanent life insurance Estate - ANSWER A person's net worth Illustrations - ANSWER Presentation or depiction of nonguaranteed elements of a life insurance policy Life Insurance - ANSWER Coverage on human lives

Arizona Life Insurance Exam - Life Insurance Basics Questions and Answers 100% Pass Beneficiary - Correct Answer ️️ -A person who receives the benefits of an insurance policy Death Benefit - Correct Answer ️️ -The amount paid upon the death of the insured in a life insurance policy Cash Value - Correct Answer ️️ -Equity amount accumulated in permanent life insurance Estate - Correct Answer ️️ -A person's net worth Illustrations - Correct Answer ️️ -Presentation or ...

CA life and Health: Life Insurance Basics (2024/2025) with Verified Solutions A family's need for income is greatest during the - Answer ️️ -Family Dependency Period Time after the insured has died, leaving a surviving spouse with dependent children to support. Which of the following would be least likely to be considered a legitimate need that would be paid by insurance proceeds? - Answer ️️ -Vacation travel expenses THere are many legitimate need-based expenses that can be paid ...

CA life and Health: Life Insurance Basics (2022/2023) with Verified Solutions A family's need for income is greatest during the Family Dependency Period Time after the insured has died, leaving a surviving spouse with dependent children to support. Which of the following would be least likely to be considered a legitimate need that would be paid by insurance proceeds? Vacation travel expenses THere are many legitimate need-based expenses that can be paid by life insurance proceeds, from ...

Primerica - Life Insurance Basics (AZ) Exam Questions With Verified Answers All of the following are duties and responsibilities of producers at the time of application EXCEPT A - Change any incorrect statement on the application by personally initialing next to the corrected statement. B - Explain the nature and type of any receipt the producer is giving to the applicant. C - Probe beyond the stated questions if the producer feels the applicant is misrepresenting or concealing informati...

Primerica - Life Insurance Basics (AZ) Exam Questions With Verified Answers All of the following are duties and responsibilities of producers at the time of application EXCEPT A - Change any incorrect statement on the application by personally initialing next to the corrected statement. B - Explain the nature and type of any receipt the producer is giving to the applicant. C - Probe beyond the stated questions if the producer feels the applicant is misrepresenting or concealing informati...

Arizona Life Insurance Exam - Life Insurance Basics Questions and Answers 100% Pass Beneficiary - Correct Answer ️️ -A person who receives the benefits of an insurance policy Death Benefit - Correct Answer ️️ -The amount paid upon the death of the insured in a life insurance policy Cash Value - Correct Answer ️️ -Equity amount accumulated in permanent life insurance Estate - Correct Answer ️️ -A person's net worth Illustrations - Correct Answer ️️ -Presentation or ...