Mn life insurance license Study guides, Class notes & Summaries
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![MN Life License 1 Questions and Answers Already Passed](/docpics/4578788/65d83fec73494_4578788_121_171.jpeg)
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MN Life License 1 Questions and Answers Already Passed
- Exam (elaborations) • 26 pages • 2024
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MN Life License 1 Questions and 
Answers Already Passed 
 
In what type of policy does the owner pay the same premium throughout the term of the 
contract? 
 
a. Deferred premium policy 
b. Single premium policy 
c. Level premium policy 
d. Flexible premium policy c. Level premium policy 
 
Which type of beneficiary CANNOT be changed without consent? 
 
a. When there are more than two beneficiaries 
b. The beneficiary is the spouse 
c. The beneficiary is a child of the proposed insured 
d. The b...
![TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal, ISBN-1260326837. All Chapters 1-23. (Complete Download)](/docpics/63df8acdebdb9_2338061.jpg)
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TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal, ISBN-1260326837. All Chapters 1-23. (Complete Download)
- Exam (elaborations) • 229 pages • 2023
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TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal, ISBN-7. All Chapters 1-23. (Complete Download) 
 
Version 1 1 
CHAPTER 1 
1) Which of the following is not considered to be a separate entity for tax purposes in 
Canada? 
A) An individual 
B) A proprietorship 
C) A corporation 
D) A trust 
2) Which of the following attitudes and actions is most likely to help decision-makers 
develop an efficient app...
![Life and Health Insurance License Exam - MN 205 Questions with 100% Correct Answers | Verified | Latest Update](/docpics/4296450/65ae4c3ea8ca0_4296450_121_171.jpeg)
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Life and Health Insurance License Exam - MN 205 Questions with 100% Correct Answers | Verified | Latest Update
- Exam (elaborations) • 20 pages • 2024
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Insurance is a... - ️️transfer of risk 
 
What type of risk is gambling? - ️️Speculative Risk 
 
What type of risk is a car accident? - ️️Pure Risk 
 
What type of risk is insurable? - ️️Pure Risk 
 
uncertainty about whether a loss will occur - ️️Risk 
 
Risk Management Method Acronym - ️️STARR (sharing, transfer, avoidance, retention, reduction) 
 
Insurance company purchases insurance to cover their own exposure to loss - ️️reinsurance 
 
Loss Equation - ️️valu...
![Life and Health Insurance License Exam - MN Questions And Answers Already Passed!!](/docpics/4097987/658d715f68a9e_4097987_121_171.jpeg)
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Life and Health Insurance License Exam - MN Questions And Answers Already Passed!!
- Exam (elaborations) • 18 pages • 2023
- Available in package deal
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- $7.99
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Insurance is a... - transfer of risk 
What type of risk is gambling? - Speculative Risk 
What type of risk is a car accident? - Pure Risk 
What type of risk is insurable? - Pure Risk 
uncertainty about whether a loss will occur - Risk 
Risk Management Method Acronym - STARR (sharing, transfer, avoidance, retention, reduction) 
Insurance company purchases insurance to cover their own exposure to loss - reinsurance 
Loss Equation - value before loss - value after loss = total amount of loss 
Reduc...
![MN Life License 70 Study Guide Questions And Answers](/docpics/4296706/65ae52fad3645_4296706_121_171.jpeg)
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MN Life License 70 Study Guide Questions And Answers
- Exam (elaborations) • 8 pages • 2024
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In what type of policy does the owner pay the same premium throughout the term of the contract? - ️️Level premium policy 
 
Which type of beneficiary CANNOT be changed without consent? - ️️The beneficiary is irrevocable 
 
How many totals hours of continuing education covering the subjects for which the license is licensed must complete? - ️️24 hours 
 
Accidental and dismemberment will pay the principal sum of death occurs: - ️️As a result of an accident regardless of when the a...
![MN Life License Exam solved questions and correct answers](/docpics/3017970/64a5cdb47cf33_3017970_121_171.jpeg)
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MN Life License Exam solved questions and correct answers
- Exam (elaborations) • 7 pages • 2023
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In what type of policy does the owner pay the same premium throughout the term of the contract? - correct answer Level Premium policy 
 
Which type of beneficiary CANNOT be changed without consent? - correct answer The beneficiary is irrevocable (imposible) 
 
How many total hours of continuing education covering the subjects for which the license is licensed must complete? - correct answer 24hours 
 
Accidental and dismemberment will pay the principal sum if death occurs: - correct answer A...
![LIFE AND HEALTH INSURANCE LICENSE EXAM – MN WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DEFINED ANSWERS ALREADY GRADED A+ GUARANTEED PASS](/docpics/5661067/66706c52948f6_5661067_121_171.jpeg)
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LIFE AND HEALTH INSURANCE LICENSE EXAM – MN WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DEFINED ANSWERS ALREADY GRADED A+ GUARANTEED PASS
- Exam (elaborations) • 17 pages • 2024
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LIFE AND HEALTH INSURANCE 
LICENSE EXAM – MN WITH 
ACTUAL CORRECT QUESTIONS 
AND VERIFIED DEFINED ANSWERS 
ALREADY GRADED A+ 
GUARANTEED PASS
![TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal](/docpics/4234733/65a554bf022e6_4234733_121_171.jpeg)
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TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal
- Exam (elaborations) • 229 pages • 2024
-
- $28.49
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TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan 
Kitunen, Matthew Roman, Abraham Iqbal 
CHAPTER 1 
1) Which of the following is not considered to be a separate entity for tax purposes in 
Canada? 
A) An individual 
B) A proprietorship 
C) A corporation 
D) A trust 
2) Which of the following attitudes and actions is most likely to help decision-makers 
develop an efficient approach to taxation? 
A) Cash flows should be considered from a...
![MN Life License Exam](/docpics/4078499/6586d393aef9e_4078499_121_171.jpeg)
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MN Life License Exam
- Exam (elaborations) • 7 pages • 2023
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- $7.99
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In what type of policy does the owner pay the same premium throughout the term of the contract? Correct Answers Level Premium policy 
 
Which type of beneficiary CANNOT be changed without consent? Correct Answers The beneficiary is irrevocable (imposible) 
 
How many total hours of continuing education covering the subjects for which the license is licensed must complete? Correct Answers 24hours 
 
Accidental and dismemberment will pay the principal sum if death occurs: Correct Answers As a resu...
![TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal, ISBN-1260326837. All Chapters 1-23. (Complete Download)](/docpics/63df8b0e5b26d_2338065.jpg)
-
TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal, ISBN-1260326837. All Chapters 1-23. (Complete Download)
- Exam (elaborations) • 229 pages • 2023
-
- $15.00
- + learn more
Version 1 1 
CHAPTER 1 
1) Which of the following is not considered to be a separate entity for tax purposes in 
Canada? 
A) An individual 
B) A proprietorship 
C) A corporation 
D) A trust 
2) Which of the following attitudes and actions is most likely to help decision-makers 
develop an efficient approach to taxation? 
A) Cash flows should be considered from a before-tax perspective when making 
decisions. 
B) Functional managers should not be held responsible for the tax effects of decisions ...
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