Annuit - Study guides, Class notes & Summaries

peril - ANSWER the immdeiate specific event causing loss and giving rise to risk hazard - ANSWER any factor that gives rise to a peril physical hazard - ANSWER individual characteristics that increase chance of peril *physical condition, past medical history, condition at birth moral hazard - ANSWER tendencies that people may have that increase risk and chance of loss *drug addiction and alcholism morale hazard - ANSWER individual tendencies that arise from an attitude or state of m...

XCEL Life Underwriting & Annuities Questions and Answers Already Passed Which of the following statement is CORRECT about an agent who is taking an insurance application? The agent should have the applicant initial any changes made on the application Agent J takes an application and initial premium from an applicant and sends the application and premium check to the insurance company. The insurance company returns the check back to J because the check is made out to J instead of the insurance ...

Annuities CE Exam Questions and Answers 2024/2025 with complete solution Annuities CE Exam Questions and Answers 2024/2025 with complete solution

A non-contributory plan requires _________ participation of all eligible employees - Answer-100% A characteristic of preferred provider organizations (PPOS) would be: - Answer-Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? - Answer-Commerce Additional coverage can be added to a whole Life policy by adding a(n): - Answer-decreasing term rider What benefit does the payor clause on a Juvenile Life policy p...

Annuitization is - Ans Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - Ans A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? - Ans When a consumer priorities and needs typically shift from asset accumulation to income distribution What is the start date rang...

VA State Life, Annuities, and Health exam, 2nd part only Verified 100% Correct!!

VA Health Life and Annuities Latest Version Graded A+ Long-Term Care refers to the broad range of medical and personal services for individuals (often the elderly) who need assistance with daily activities for an extended period of time for chronic illnesses like arthritis, rheumatism, and so forth. Limited Policies Restrict benefits to specified accidents or diseases, such as travel policies, dread disease (cancer) policies, ticket policies, and so forth. Managed Care Organizatio...

Categories of Life Insurance - Answer-Ordinary, Industrial and Group Ordinary Life - Answer-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 - Answer-small issue amounts with premiums collected weekly or monthly by agents at policyowner's home. Also known as BURIAL INSURANCE Group Insurance - Answer-written for empl...

VA Life Insurance, Health Insurance, and Annuities Exam Rated A+ A & H accident and health absolute assignment assignment by the policy owner of all control and rights to a third party Accidental Death Insurance A form of health insurance that provides payment, if death of the insured results from accident. Accidental Death insurance is often combined with Dismemberment insurance in a form called "Accidental Death & Dismemberment (AD&D)" Accidental and Sickness Insurance again...

Florida Life, Health and Variable Annuity Exam Questions With Complete Solutions