Kentucky life insurance Study guides, Class notes & Summaries

2024 Life Insurance Exam for Kentucky Company Latest Questions and Answers A. All the incidents of ownership in the policy belong to the donee. - CORRECT ANSWER-In an outright gift of life insurance to a charity A. All the incidents of ownership in the policy belong to the donee. B. The donor retains the right to name a new beneficiary. C. The cash values in the policy belong to the donor. D. The premiums paid by the donor are not tax deductible. C. Making a formal request to the co...

Elements of a Contract Correct Answer Competent parties, legal purpose, offer and acceptance, consideration Waiver Correct Answer Voluntary giving up of a known right or privilege, can be express or implied Estoppel Correct Answer A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the past conduct Aleatory Contract Correct Answer a contract where the values exchanged may not be equal but depend on an u...

KENTUCKY LIFE INSURANCE STATE EXAM STUDYGUIDE 150 EXAM QUESTIONS AND CORRECT ANSWERS ALREADY GRADED A+.

Kentucky Life Insurance Exam with 100% Correct Answers | Verified | Latest Update 2024| Already Passed

Kentucky Life Insurance Exam with 100% Correct Answers | Verified | Latest Update 2024| Already Passed

Kentucky Life Insurance State Exam-with 100% verified solutions -tutor verified

Kentucky Life Insurance State Exam Practice Questions with Certified Answers The premiums paid by an employer for his employee's group life insurance are usually considered to be Tax-deductible to the employer Which of these is NOT considered to be a cost connected with an individual's death? Business expenses These are all accurate statements regarding universal life insurance EXCEPT Policy loans are not permitted Which of these is NOT relevant when determining the amount of personal life...

Elements of a Contract - ANSWER Competent parties, legal purpose, offer and acceptance, consideration Waiver - ANSWER Voluntary giving up of a known right or privilege, can be express or implied Estoppel - ANSWER A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the past conduct Aleatory Contract - ANSWER a contract where the values exchanged may not be equal but depend on an uncertain event

Kentucky Life Insurance State Exam Practice Questions and Answers Verified 2024 The premiums paid by an employer for his employee's group life insurance are usually considered to be - CORRECT ANSWER-Tax-deductible to the employer Which of these is NOT considered to be a cost connected with an individual's death? - CORRECT ANSWER-Business expenses These are all accurate statements regarding universal life insurance EXCEPT - CORRECT ANSWER-Policy loans are not permitted Which of these...