Sc life insurance exam - Study guides, Class notes & Summaries

SC LIFE INSURANCE EXAM

SC LIFE INSURANCE EXAM

SC Life Insurance ExamThe balance of the loan will be taken out of the death benefit - correct answer If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - correct answer An insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that? Spendthrift Clause - correct answer The clause that protects the proceeds of a life insurance policy from credi...

An insurer will accept a premium from the insured and continue theicoverage in full force as though it was NOT late during which time period? Incontestable period Probation period Reinstatement period Grace period - Grace period A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? Standard Substandard Acceptable Preferred - Preferred Which of these is affected by the frequency of an insurance policy's pr...

SC Life Insurance Exam Questions and Answers

SC LIFE INSURANCE EXAM

The balance of the loan will be taken out of the death benefit - ANSWER If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - ANSWER An insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that? Spendthrift Clause - ANSWER The clause that protects the proceeds of a life insurance policy from creditors after the death of the insured is known a...

The balance of the loan will be taken out of the death benefit If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report An insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that? Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:05 / 0:15 Full screen Spendthrift Clause The clause...

SC Life Insurance Exam questions with 100% correct answers 2024

SC LIFE INSURANCE EXAM