Idaho life insurance exam - Study guides, Class notes & Summaries

All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT A The employer pays a bonus to a selected employee to fund the policy. B It is considered a nonqualified employee benefit. C The policy is owned by the company. D Any type of insurance policy may be used. - correct answer C The policy is owned by the company. Which of the following would NOT fall into the category of costs associated with death? A The expense of a vacation fo...

Idaho Life Insurance ExamComplete Questions with 100% Correct Answers Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits 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 An insurance policy that provides payment if the insured's death is the resu...

Idaho Life Insurance exam 2023/2024 question and answer

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All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT A The employer pays a bonus to a selected employee to fund the policy. B It is considered a nonqualified employee benefit. C The policy is owned by the company. D Any type of insurance policy may be used. - ANSWER-C The policy is owned by the company. Which of the following would NOT fall into the category of costs associated with death? A The expense of a vacation for surviv...

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 the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance - Answer-An insurance policy that provides payment if the insured's death is the result of the accident. Accumulation Period - A...

Idaho Life Insurance Exam Questions and Answers 100% AccurateIdaho Life Insurance Exam Questions and Answers 100% AccurateIdaho Life Insurance Exam Questions and Answers 100% AccurateIdaho Life Insurance Exam Questions and Answers 100% AccurateAll of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT A The employer pays a bonus to a selected employee to fund the policy. B It is considered a nonqualified employee benefit. C The policy is ow...

Idaho Life Insurance Exam Questions and Answers

Idaho Life Insurance ExamComplete Questions with 100% Correct Answers Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits 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 An insurance policy that provides payment if the insured's death is the resu...