Fx life insurance Study guides, Class notes & Summaries

ExamFX Life Insurance Final Exam Questions and Answers 100% AccurateExamFX Life Insurance Final Exam Questions and Answers 100% AccurateExamFX Life Insurance Final Exam Questions and Answers 100% Accurate A buyer's guide - ANSWER-The entire contract includes all of the following EXCEPT... The death benefit is not increased - ANSWER-All of the following statements about indexed whole life insurance EXCEPT... A Warranty - ANSWER-What guarantees that the information explained in the insur...

What is the term for how frequent a policyowner is required to pay the policy premium? correct answer: Mode Which of the following statements is true about a policy assignment? correct answer: It transfers rights of ownership from owner to another person During partial withdrawal from a university life policy, which portion will be taxed? correct answer: Interest Which of the following riders is often used in business life insurance policies when the policyowner needs to change the i...

Exam FX Life Insurance Final Exam questions with accurate answers. 100% Verified. A buyer's guide -ANS/QUIZ The entire contract includes all of the following EXCEPT... The death benefit is not increased -ANS/QUIZ All of the following statements about indexed whole life insurance EXCEPT... A Warranty -ANS/QUIZ What guarantees that the information explained in the insurance contract is true? (1) the policy, (2) a copy of the application, and (3) any riders or amendments. -ANS/QUIZ T...

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What is insurance? correct answer: Insurance transfers the risk of loss from an individual or business entity to an insurance company, which in turn spreads the costs of unexpected losses to many individuals. What is risk? correct answer: Risk is the uncertainty or chance of a loss occurring. What is peril? correct answer: Perils are the causes of loss insured against in an insurance policy. What are the elements of insurable risk? correct answer: Loss must be 1. due to chance 2....

50/50 CORRECT ANSWER Ray has an individual major medical policy that requires a coinsurance payment. Ray rarely visits his physician and would prefer to pay the lowest premium possible. Which coinsurance arranngement would be best for Ray? Single payment or periodic payments CORRECT ANSWER Which two terms are associated directly with the way an annuity is funded? An insured borrows money from the bank and makes a collateal assignment of a part of the death benefit to secure the loan CORREC...

Alabama Life & Health Insurance ExamFX Life Insurance Policies Questions and Answers

Ray has an individual major medical policy that requires a coinsurance payment. Ray rarely visits his physician and would prefer to pay the lowest premium possible. Which coinsurance arranngement would be best for Ray? correct answer: 50/50 Which two terms are associated directly with the way an annuity is funded? correct answer: Single payment or periodic payments All of the following are examples of thirs party ownership of life insurance correct answer: An insured borrows money from ...

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Exam FX Life Insurance Questions and answers latest update 2024