Life & Health Practice Exam Questions and Answers 100% Solved

Life & Health Practice Exam Questions and Answers 100% Solved Which of the following is true regarding a joint life annuity? A) the payments go to the surviving annuitant after the first death. B) the payments stop at the first death. C) the payments stop at the last death. D) the payments go to a beneficiary upon the last death. ️️B - The payments stop at the first death. joint life is a settlement option where two or more annuitants receive payments until the first death among annuitants; then the payments stop. Which of the following statements is TRUE regarding an Agent's Report during a policy application process? A) it becomes part of the entire contract after the policy is issued. B) it is a required element of the contract. C) it provides the agent's personal observations concerning the proposed insured. D) It is only used when the initial premium is not paid with the application. ️️C - it provides the agent's personal observations concerning the proposed insured. the agent's report provides the agent's personal observations concerning the proposed insured. The agent's report does not become a part of the entire contract, although it is a part of the application process