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

Life insurance is designed to... help offset the financial loss a family experiences due to a premature death. Term is designed for Temporary coverage needs Brainpower Read More Permanent plans designed for life time coverage and feature cash value accumulation Death Benefit is almost alway tax-free Good Candidates for life insurance Is recently married. Has purchased new home or taken on considerable debt. Has a newborn. Is calling to start saving for child/...

USAA TEST EXAM QUESTIONS CORRECTLY ANSWERED What type of reinsurance contract involves two companies automatically sharing their risk exposure? - ANSWER treaty A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a - ANSWER risk retention group What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained? - ANSWER Fair Credit Reporting Act The sta...