CA State Life Insurance Practice Questions and answers 100% VERIFIED

Single premium deferred annuity - ANSWERAn annuity that is purchased with a slump sum premium and whose benefits begin after 12 month is called a Human Life Value Approach - ANSWERA technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured is called the At the time of taking the application - ANSWERWhen replacing a policy the producer must present the applicant with a Notice Regarding Replacement of Life Insurance Risk - ANSWERThe possibility of a financial loss incurred by a life insurance company for the premature death of an insured is known as a Medical information on applicants for life and health insurance - ANSWERThe Medical Information Bureau (MIB) is a nonprofit tra