Graded premium whole life - Study guides, Class notes & Summaries

PSI life, accident, and health Exam (Questions and Answers A+ graded 100% verified)How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 - ANSWER-2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two ye...

An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion Answer - Adhesion An insurance policy that only requires a payment of premium at its inception, provides insurance p...

WebCE Exam Tutor Exam Questions And Answers All of the following are eligible to purchase a group life insurance policy EXCEPT: the Wonderful Widget Company, which employs more than 200 people the State Electrical Workers Union the Retailers Multiple Employer Trust, formed by two retailers to purchase insurance for their employees Stan and his neighbors, who form their own group to buy group coverage at a lower cost than their individual coverages - ANS Stan and his neighbors are n...

NC Life Insurance Exam Study Guide with Complete Solutions Latest Updated 2024/2025 Fraternal Benefit Society - Correct Answer An organization of people who share a month ethnic, religious or vocational affiliation. They are entities they have no capital stock, have a representative form of government. They exist not for profit but solely for the benefit of their members and their beneficiaries and operate on a lodge system. Fraternal Benefit Societies - Correct Answer Agents of these societ...

TN Life and Health Insurance Exam Study Guide Solutions term - ANSWER-period of time term life insurance - ANSWER-life insurance policy that provides temporary coverage term life insurance - ANSWER-least expensive, cheap, or very low premium life insurance policy face amount/face value - ANSWER-the amount paid to the beneficiary at the insured's death on the 1st page of the policy/contract - ANSWER-where is the face value for a policy listed? group life insurance - ANSWER-term life...

Massachusetts Life Insurance Final Exam Questions and Answers Graded A+ in Massachusetts, a small employer is comprised of 1-50 employees Kate received a group accident and health termination notice. How many days does she have to apply for a converted policy? 31 Scott has a life insurance policy in which the dividends are left with the insurance company. This particular policy may be paid up when the cash value plus accumulated dividends equal the net single premium for the same...

Primerica -Insurance Exam test Questions and Answers 2024/2025 An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion - CORRECT ANSWER-Adhesion An insurance policy t...

All of the following are eligible to purchase a group life insurance policy EXCEPT: The Wonderful Widget Company, which employs more than 200 people The State Electrical Workers Union The Retailers Multiple Employer Trust, formed by two retailers to purchase insurance for their employees Stan and his neighbors, who form their own group to buy group coverage at a lower cost than their individual coverages Correct Answer Stan and his neighbors are not eligible to purchase group life insuranc...

Webce Insurance test questions and answers with complete Solution 100% Verified Latest 2024 Webce Insurance test questions and answers with complete Solution 100% Verified Latest 2024 Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 10 days Abby lives in Ohio, where she is licensed as an insura...

Florida Life, Health and Variable Annuity Exam Latest Update Graded A Categories of Life Insurance Ordinary, Industrial and Group Ordinary Life is individual life insurance that includes many types of TERM and PERMANENT insurance and is usually paid with monthly premiums. Is the principal type of life insurance purchased in the United States. Industrial Insurance small issue amounts with premiums collected weekly or monthly by agents at policyowner's home. Also known as BURIAL INSURANCE Grou...