Life agent insur - Study guides, Class notes & Summaries

What does life insurance protect against? - Answer- Dying too soon. What happens to the death benefit with a Variable Universal Life Policy? - Answer- It may increase/decrease within limits. Who sells insurance to a client and owes a fiduciary duty to an insurance company? - Answer- The Agent/Producer What does a "Family Policy" provide? - Answer- Different coverage on different family members. In order to qualify for AD&D coverage, the accident must directly cause death within how...

California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct 105. Question #90543 The formula that is used to determine how much is taxable during the payout is the: AMortality ratio B7 pay test CMorbidity ratio DExclusion ratio: d Explanation: The exclusion ratio is the formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. 106. Question #90627 During the waiting (elimination) period: AThe insure...

LIFE INSURANCE ONLY CALIFORNIA (2024/2025) ALREADY PASSED LIFE INSURANCE - Answer ️️ -Insurance that pays out a sum of money either on the death of the insured person or after a set period. TERM LIFE INSURANCE - Answer ️️ -Life insurance that pays a benefit in the event of the death of the insured during a specified term. *PURE *ONLY DEATH BENEFIT NO CASH VALUE WHOLE LIFE INSURANCE - Answer ️️ -Life insurance that pays a benefit on the death of the insured and also accumulat...

Comprehensive Exam-Kentucky Life and Health Insurance Final Updated Exam 2024 Q&A All of the following are producer responsibilities to the applicant, except: - CORRECT ANSWER-Offering and selling only the lowest premium policy ___________ manufacture and sell insurance coverage in the form of policies or contracts of insurance. - CORRECT ANSWER-Insurers When both parties must perform certain duties and follow certain rules of conduct to make a contract enforceable refers to a(n) ___...

WEBCE 2-20 Practice Exam With Complete Solutions Lila, a self-employed accountant, requires emergency medical treatment after choking on a product of the Dulce Candy Company while in her office. A month later, she asks Dulce to pay her medical bills. Dulce's commercial general liability policy with medical payments coverage (Coverage C) will: - answerAs premises and operations coverage, Coverage C does not provide medical payments coverage for bodily injury that occurs away from the insur...

Florida Health Insurance Exam Questions And Answers (Verified And Updated) Consideration - answerIt is the binding force in any contract. Something of value that each party gives to the other. Insurer's is the promise to pay for losses; insured's is the premium and statements on the application. Representations - answerstatements believed to be true to the best of one's knowledge, but they are not guaranteed to be true. The Insured's statements on the application are _________________...

Final Exam: California Life, Accident, and Health Insurance 2023 with complete solution 1. What is considered the most common type of specified disease insurance policy?: Cancer 2. Minimum participation standards exist for a group health insurance plans in order to: Prevent Adverse Selection 3. How does underwriting differ between group life and individual life insur- ance?: Medical questions must be answered on individual life insurance 4. when handling premiums for an insured an agent is actin...

1. Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated:: Ans- 1970 - Fair Credit Reporting Act 2. What type of reinsurance contract involves two companies automatically sharing their risk exposure?: Ans- Treaty 3. What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained?: Ans- Fair Credit Re- porting Act 4. Who elects the governing body of a m...

CALIFORNIA LIFE ACCIDENT AND HEALTH EXAM PRATICE QUESTIONS AND ANSWERS (LATEST 2024 – 2025) RATED A+

North Carolina XCEL Testing Life & Health Insurance Exam 2023/2024 1. Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated:: Ans- 1970 - Fair Credit Reporting Act 2. What type of reinsurance contract involves two companies automatically sharing their risk exposure?: Ans- Treaty 3. What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained?: Ans- ...