Wfg final - Study guides, Class notes & Summaries

john owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of policy is this? -Non-participating -Contributory -Participating -Surplus - "Participating". Participating policies give the policyowner the right to share in the insurer's surplus

LIFE INSURANCE FINAL EXAM A-B #2 STUDY GUIDE (WFG)

John owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of policy is this? -Non-participating -Contributory -Participating -Surplus - "Participating". Participating policies give the policyowner the right to share in the insurer's surplus. Which of the following is NOT a benefit of insurance? -Reduces the uncertainty of loss exposures -Losses due to fraud are eliminated -Makes a loss whole again -Source of investment funds - "Losses d...

Which of the following statements regarding a life insurance policy dividend is TRUE? -It represents the build-up of cash value in a permanent insurance policy -It is a stockholders return on his investment in the company -It represents a refund of overcharged premium in a non-participating whole life policy -It is the distribution of excess of funds accumulated by the insurer on participating policies - "It is the distribution of excess of funds accumulated by the insurer on participa...

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John owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of policy is this? -Non-participating -Contributory -Participating -Surplus - "Participating". Participating policies give the policyowner the right to share in the insurer's surplus. Which of the following is NOT a benefit of insurance? -Reduces the uncertainty of loss exposures -Losses due to fraud are eliminated -Makes a loss whole again -Source of investment funds - "Losses du...