Idaho life insurance Study guides, Class notes & Summaries

Idaho Life Insurance Exam Questions and Answers 100% Correct Idaho Life Insurance Exam Questions and Answers 100% Correct Idaho Life Insurance Exam Questions and Answers 100% Correct Idaho Life Insurance Exam Questions and Answers 100% Correct Accelerated Benefits - ANSWER-Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - ANSWER-A policy rider that states that ...

Idaho Life Insurance Exam Questions and Answers

Idaho Life Insurance Exam with correct Answers

Idaho Life Insurance Exam with correct Answers

What is insurance? - correct answer Insurance is a contract in which one party (the insurance company) agrees to indemnify (make whole) the insured party against loss, damage or liability arising from an unknown event. It transfers the risk of loss from an individual or business to an insurance company. Insurance transaction - correct answer Solicitation, Negotiations, Sale, Advising an individual concerning coverage or claims. Two kinds of risk - correct answer Pure risk (situation ...

Idaho Life Insurance UPDATED Exam Questions and CORRECT Answers Accelerated Benefits - CORRECT ANSWER- Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - CORRECT 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 - CORRECT ANSWER- An insurance policy that...

Accelerated Benefits - correct answer Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - correct 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 - correct answer An insurance policy that provides payment if the insured's death is the result of the acc...

Idaho Life Producer Exam Questions and Answers (Graded A)Idaho Life Producer Exam Questions and Answers (Graded A)Idaho Life Producer Exam Questions and Answers (Graded A)Idaho Life Producer Exam Questions and Answers (Graded A) What does life insurance protect against? - ANSWER-Dying too soon. What happens to the death benefit with a Variable Universal Life Policy? - ANSWER-It may increase/decrease within limits. Who sells insurance to a client and owes a fiduciary duty to an insurance c...

Idaho Life Insurance Exam Questions and Answers

Idaho Life Insurance Exam Questions and Answers