Florida Insurance| 104 Questions| Correct 100%

Accelerated Benefits - ANSWER Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses Accidental Death Benefits - ANSWER A policy rider that states that the cause of death will be analyzed to determine of it complies with the description of accidental death benefits. Accidental Death Insurance - ANSWER An insurance policy that provides payment if the insured's death is the result of an accident Accumulation Period - ANSWER The time before an annuitant's retirement during which the annuitant is making payments or investments in an annuity Actual Cash Value (ACV) - ANSWER The required amount to pay damages or for property loss. This amount is calculated based on the property's current replacement value minus depreciation. Adhesion - ANSWER A contract offered on a "take it or leave it" by an insurer, in which the insured's only option is to either reject or accept the contract. Any ambiguities in the contract will be settled in favor of the insured Adjustable Life - ANSWER Life insurance that PERMITS CHANGES in the face amount, premium amount, premium protection, and the duration of premium payment period. Adjuster - ANSWER A representative of an insurance company who investigates and acts on behalf of the company to obtain agreements for the amount of the insurance claim.