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UCanPass Primerica VA Questions and Answers 100%Verified. Agent/Producer - ANSWER-a legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or purposed insured - ANSWER-A person applying for insurance Broker - ANSWER-An insurance producer not appointed by and insurer and is deemed to represent a client Insurance policy - ANSWER-A contract between a policyowner (and/or insured) and ins...

Ucanpass Complete Questions And Answers 2023

An individual has a $200,000 convertible term life insurance policy. If he chooses, he can - ️️Convert to a whole life policy for the same face amount without proof of insurability. According to the life insurance replacement regulations, which of the following would be an example of policy replacement? - ️️A policy is reissued with a reduction in cash value. Cash Value guarantees in a whole life policy are called - ️️nonforfeiture values Your client wants to provide a retir...

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UCanPass Primerica VA Exam Questions With Solutions Agent/Producer - ANS a legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or purposed insured - ANS A person applying for insurance Broker - ANS An insurance producer not appointed by and insurer and is deemed to represent a client Insurance policy - ANS A contract between a policy owner (and/or insured) and insuran...

Types of Policies/Ucanpass Questions and Answers with Complete Solutions | Updated 2024

Primerica - UCANPASS - Chapter Taxes, Retirement and Other Insurance Concepts