Insurance Exam FX Questions With Complete Solutions

Accelerated benefits correct answer: riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses accident correct answer: an unplanned, unforeseen event which occurs suddenly at an unspecified place Accidental Death and Dismemberment correct answer: an insurance policy which pays a specified amount or a specified multiple of the insured's benefits if the insured dies, loses sight, or loses two limbs accidental death benefits correct answer: a policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death accumulation period correct answer: the time over which the annuitant makes payments or investments in an annuity, and when those payments earn interest tax deferred actual cash value correct answer: the required amount to pay damages or for property loss actual charge correct answer: the amount a physician or supplier actually bills for a particular service or supply actuary correct answer: a person trained in the technical aspects of insurance and related fields, particularly in the mathematics of insurance; a person who determines the mathematical probability of loss adhesion correct answer: a contract offered on a "take it or leave it" basis by an insurer, in which insured's options are to accept or reject adjustable life correct answer: life insurance which permits changes in the face amount, premium amount, period of protection, and the duration of the premium payment period adjuster correct answer: a representative of an insurance