Life policy riders - Study guides, Class notes & Summaries

. Life Policy Riders, Provisions, Options and Exclusions UPDATED Actual Exam Questions and CORRECT Answers If a policy has an automatic premium loan provision, what happens if the insured dies before the loan is paid back? AThe policy beneficiary takes over the loan payments. BThe policy is rendered null and void. CThe balance of the loan will be taken out of the death benefit. DThe policy beneficiary receives the full death benefit. - CORRECT ANSWER- C.The balance of the loan will ...

3. Life Policy Riders, Provisions, Options and Exclusions Questions and Answers 2023 with complete solution

All of the following are included as part of a contract in the entire contract provision EXCEPT the riders application changes made by the producer policy - ANSWERSchanges made by the producer Health insurance involves two perils, accident and ____. - ANSWERSsickness All of the following riders can increase the death benefit amount EXCEPT Cost of Living Waiver of Premium Accidental Death Rider Guaranteed Insurability - ANSWERSWaiver of Premium Of the following dividend optio...

An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? Family term insurance rider Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered...

New York Life Insurance Exam Questions and Answers 100% CorrectNew York Life Insurance Exam Questions and Answers 100% CorrectAccelerated Benefits - ANSWER-Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - ANSWER-A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance - ...

An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered - Nonconcellable What is the required action to be taken by a South Carolina licensee before operating under an assumed business na...

What is the term for how frequent a policyowner is required to pay the policy premium? correct answer: Mode Which of the following statements is true about a policy assignment? correct answer: It transfers rights of ownership from owner to another person During partial withdrawal from a university life policy, which portion will be taxed? correct answer: Interest Which of the following riders is often used in business life insurance policies when the policyowner needs to change the i...

1. The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Answer conditional receipt 2. Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called Answer representations 3. An annuity is considered fixed when it does all of the following EXCEPT Answer - provides the annuitant with an interest rate that is the lesser of the guaranteed or current rat...

ExamFX Life Insurance Final Exam Questions and Answers 100% AccurateExamFX Life Insurance Final Exam Questions and Answers 100% AccurateExamFX Life Insurance Final Exam Questions and Answers 100% Accurate A buyer's guide - ANSWER-The entire contract includes all of the following EXCEPT... The death benefit is not increased - ANSWER-All of the following statements about indexed whole life insurance EXCEPT... A Warranty - ANSWER-What guarantees that the information explained in the insu...

MD Insurance Exam – Life Questions and Answers 100% Pass Accelrated Benefits Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies witht he policy description of accidental death Accumulation Period The time before an annuitant's retirement during which the annuitant is making Accidental Death Ins...