Life insuran - Study guides, Class notes & Summaries

RULES AND REGULATION MN LIFE INSURANCE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+RULES AND REGULATION MN LIFE INSURANCE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+RULES AND REGULATION MN LIFE INSURANCE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

1 MARYLAND STATE EXAM LIFE INSURANCE LICENSE PRACTICE | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ In what part of an insurance policy or policy benefits found? Correct Answer: Declarations Twisting Correct Answer: The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as Shirley has $500,000 10-year-old son nonrenewable level term life policy. If she dies 15 years after the policy i...

1 MARYLAND STATE EXAM LIFE INSURANCE LICENSE PRACTICE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ In what part of an insurance policy or policy benefits found? Correct Answer: Declarations The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as Correct Answer: Twisting Nothing Correct Answer: Shirley has $500,000 10-year-old son nonrenewable level term life policy. If she di...

Annuity Answer> Insurance contract designed to provide retirement income Surrender charges Answer> If the annuity is cancelled 7-10 years from issue Fixed Annuity Answer> Investors pay premiums to the insurance company that is invested into the company's general account. Company has monthly payouts, company has investment risk Purchasing Power Risk Answer> The fixed payment an annuitant receives loses buying power over time due to inflation Index Annuity Answer> Cr...

MISSOURI STATE UNIVERSITY LIFE INSURANCE EXAM 2024/2025 WITH VERIFIED SOLUTIONS RATED A

Life, Accident and Health Insurance Ohio Questions and Answers (2024 / 2025) (Verified Answers) Which is a FALSE statement? a. Agents act in a fiduciary capacity when handling premiums. b. Misrepresentation on an application can void coverage, if material. c. Mutual life insurers cannot guarantee their future dividend scale. d. You can protect future dividends on a non-participating policy. - CORRECT ANSWER D. Only participating policies might pay dividends to policy owners. Stock ...

Entire Contract Correct Answer: States the insurance policy itself, any riders and endorsements/amendments and the application comprise the entire contract between all parties. Insurance cannot make changes to a policy. The entire contract provision is found at the beginning of every insurance policy issued. Only an authorized officer of the insurer is permitted to make changes to the contract. We cannot send you additional paperwork later. The entire policy and application is sent to...

Xcel solutions life insurance LIFE INSURANCE BASICS EXAM LATEST 2024- 2025 QUESTIONS AND ANSWERS WELL VERIFIED GRADED A The double indemnity provision in a life insurance policy pertains to an insureds death caused by a - ANSWER-accident Which of the following is considered to be an event or condition that increases the probability of an insureds loss? - ANSWERhazard What does the word "level" in level term describe? - ANSWER-The face amount Peter has a policy...

Entire Contract Correct Answer: States the insurance policy itself, any riders and endorsements/amendments and the application comprise the entire contract between all parties. Insurance cannot make changes to a policy. The entire contract provision is found at the beginning of every insurance policy issued. Only an authorized officer of the insurer is permitted to make changes to the contract. We cannot send you additional paperwork later. The entire policy and application is sent to...