2025 life producer exam - Study guides, Class notes & Summaries

Arizona Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which statement concerning the Entire Contact provision in an individual accident and health insurance policy is TRUE? Answer: The agent doesn't have the authority to change the policy or waive its provisions Q: Under the Fair Credit Reporting Act, which statement is true? Answer: The consumer who was investigated must be advised that credit, insurance,...

Xcel Final Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest 2024/ 2025) Q: P is a producer who notices 5 questions on a life application were not answered. What actions should P take? Answer: Set up a meeting with the applicant to answer the remaining questions Q: Q applied for life insurance and submitted the initial premium on January 1. The policy was issued February 1, but it was not delivered by the agent until February 7. Q is dissatisfied and returns the...

Kentucky Life and Health Insurance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A QUESTION The only party in an insurance contract that makes a legally enforceable promise is the insurance company. Because of this, insurance contracts are considered to be: conditional aleatory unilateral contracts of adhesion Answer: unilateral Insurance contracts are unilateral. This means that only one party (the insurer) makes any kind of ...

PRIMERICA LIFE INSURANCE EXAM WITH 100% CORRECT ANSWERS 2025 An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - Correct answer-A. mutual funds not paid out after paying claims and other operating costs are re...

AZ Life Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: A life policy that has premiums that are lower than normal during the early years is called Decreasing term Modified life Variable life Limited-pay life Answer: Modified life Q: a material change in a modified endowment contract (MEC) results in the contract becoming void a new contestable period the seven pay test, adjustable for cash value, applies again a tax ...

WISCONSIN ACCIDENT AND HEALTH INSURANCE EXAM 2024/2025 Dividends from a stock company are normally sent to: Beneficiaries Shareholders Policy holders Insureds - Precise Answer Shareholders Which of the following financial products creates an instant estate, no matter when the date of death? Mutual funds Life insurance Certificate of deposit Deferred annuity - Precise Answer Life insurance Which of the following outlines the authority given to the producer on behalf of the in...

NJ ACCIDENT AND HEALTH PRODUCER EXAM 2024/2025 Life income joint and survivor settlement option guarantees... - Precise Answer Income for 2 or more recipents A participating insurance policy may do which of the following:... - Precise Answer Pay dividends to the policy owner What is TRUE about the cash surrender nonforfeiture option? - Precise Answer Funds exceeding the premiums paid are taxable as ordinary income Participating Insurance policy will... - Precise Answer pay dividend...

Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which of these techniques will remove the risk of losing money in the stock market by never purchasing stocks? Answer: Risk avoidance Risk avoidance could eliminate the risk of losing money in the stock market by never investing in stocks. Q: Which of the following nursing home options would BEST suit an individual who needs some nursing care and supe...

Xcel Solutions Comprehensive Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: All of these are considered key factors in underwriting life insurance EXCEPT Answer: Marital Status Correct: tobacco use, health history, age Q: The time limit for filing claim disputes is addressed in which provision of an accident and health policy? Answer: legal actions Q: All of the following plans allow for employee contributions to be take...

NEVADA LIFE INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS During replacement of life insurance, a replacing insurer must do which of the following? A Send a copy of the Notice Regarding Replacement to the Department of Insurance B Obtain a list of all life insurance policies that will be replaced C Guarantee a replacement for each existing policy D Designate a new producer for a replaced policy - Precise Answer B Which of the following documents must be provided to the poli...