Llqp life insurance Study guides, Class notes & Summaries

Financial impact of death Answer Loss of income Loss of caregiver Debt repayment Income taxes Estate creation (education funds, legacies, charitable giving) Business impacts Risk Management Answer Risk avoidance Risk reduction Risk retention Risk transfer Joint (First-to-Die) Life Insurance Answer A type of permanent life coverage that insures two persons under one policy and that pays the death benefit when the first insured dies. Some contracts give the surviving life insu...

Financial impact of death - Loss of income Loss of caregiver Debt repayment Income taxes Estate creation (education funds, legacies, charitable giving) Business impacts Risk Management - Risk avoidance Risk reduction Risk retention Risk transfer Joint (First-to-Die) Life Insurance - A type of permanent life coverage that insures two persons under one policy and that pays the death benefit when the first insured dies. Some contracts give the surviving life insured the choice of contin...

Prabdeep is sole sales representative. He has good connections in community that his sister Shatakski does not. Shatakski starts a business with on demand load. If prabdep were to die. Agent reccomends coverage on is brother to cover on demand loan Answer The bank can recall the loan if the feel business may not be successful without prabdeep who is the KEP EMPLOYER Insurance company reviewing for group adjustable whole life policies. Comapring projections made 10 years ago realized actual in...

The coverage under a group life insurance plan is determined in four different ways based upon an earnings multiple, flat rate, length of service, or some combination thereof. Which method is most common? Answer The most common is the earnings multiple schedule. In this, coverage is equivalent to a multiple of the employee's annual salary. If the overall demographics for a group haves significantly changed, what effect will it likely have on the group premium? Answer The premium will likely ...

LLQP Life insurance

LLQP Life insurance

LLQP Life insurance

LLQP Life insurance

LLQP Life insurance

Do whole life policies have a cash value? LLQP - LIFE VL 08 - WL Premium Options, Modal Factors and Limited Payment Policies Answer Yes, and as a result, they have non-forfeiture options as well Define "Insurance" LLQP - LIFE VL 01 Answer Insurance can be summed up by two words "Spreading Risk." Insurance takes the risks associated with many individuals combine them and spread the combined risks over the group. Insurance spreads the risk amongst people in the same risk class. Fo...