Loma 281 module 2 - Study guides, Class notes & Summaries

LOMA 281 MODULE 2 EXAM WITH ALL QUESTIONS AND ANSWERS ...

LOMA 281 Module 2 Questions with Correct Answers Term Life insurance - Answer-Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term - Answer-The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance - Answer-A plan of term life insurance that provides a policy benefit that remains the same over the term of coverage. Decreasing term life insurance - Answer-A plan of term life ins...

LOMA 281 Module 2 Exam with correct Answers

LOMA 281 Module 2 QUESTIONS AND ANSWERS

LOMA 281 Module 2 Exam with Complete Solutions Graded A+ The type of annuity contract under which the insurer guarantees at least a minimum interest rate and a payment amount that won't change is known as a a. Variable annuity b. Fixed annuity - Answer-B. Premiums paid for a variable annuity typically are placed in the insurer's a. General account b. Separate account - Answer-B. In this exercise, you will match each variable annuity contract feature with its name. Guarantees ...

Which type of whole life insurance policy will best be able to give Arabella lifetime protection without straining her retirement income? Single-premium whole life policy Limited-payment whole life policy Continuous-premium whole life policy - ANSWER B Financial needs life insurance can meet - ANSWER - paying household expenses - covering outstanding debts - Paying outstanding medical, hospital, and funeral expenses, - providing financial support for the family - funding a child's ...

LOMA 281 Module 2 Latest Version Graded A+ Term Life insurance Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance A plan of term life insurance that provides a policy benefit that remains the same over the term of coverage. Decreasing term life insurance A plan of term life insurance that provides a policy bene...

LOMA 281 Module 2 with Complete Solutions Which type of whole life insurance policy will best be able to give Arabella lifetime protection without straining her retirement income? Single-premium whole life policy Limited-payment whole life policy Continuous-premium whole life policy - Answer-B Financial needs life insurance can meet - Answer-- paying household expenses - covering outstanding debts - Paying outstanding medical, hospital, and funeral expenses, - providing financia...

LOMA 281 Module 2 Exam (2023/24) || All Questions & Answers (Graded A) LOMA 281 Module 2 Exam (2023/24) || All Questions & Answers (Graded A) LOMA 281 Module 2 Exam (2023/24) || All Questions & Answers (Graded A)