FLORIDA LIFE INSURANCE TEST WITH ALL NEEDED TO PASS

FLORIDA LIFE INSURANCE TEST
WITH ALL NEEDED TO PASS




S hbuys h$100,000 hwhole hlife hpolicy hin h2003 hand hpays han hannual hpremium hof
h$100. hS hdies hfive hyears hlater hin h2008 hand hthe hinsured hpays hthe hbeneficiary
h$10,500. hWhat hkind hof hwriter hdid hS hinclude hon hthe hpolicy? h- hcorrect
hanswers h-A hReturn hof hpermium hrider


All hof hthese hstatements habout hthe hWaiver hof hPremium hprovision hare hcorrect
hEXCEPT h- hcorrect hanswers h-Insured hmust hbe heligible hfor hSocial hSecurity
hdisability hfor hclaim hto hbe hexcepted


Which hof hthese hprovisions hrequire hproof hof hinsurability hafter ha hpolicy hhas
hlapsed? h- hcorrect hanswers h-Reinstatement


S hwould hlike hto huse hdividends hfrom hher hlife hinsurance hpolicy hto hpurchase
hpaid-up hadditions. hAll hof hthese hwould hbe hfactors hthat hdetermine hhow hmuch
hcoverage hcan hbe hpurchased hEXCEPT h- hcorrect hanswers h-Beneficiary's hage

, What haction hcan ha hpolicyholder htake hif han happlication hfor ha hbank hloan
hrequires hcollateral? h- hcorrect hanswers h-Assign hpolicy hownership hto hthe hbank


How hdo hlife hinsurance hcompanies hhandle hcases hwhere hthe hinsured hcommit
hsuicide hwith hin hthe hcontract's hstated hContestable hperiod? h- hcorrect hanswers h-
Claims hare hdenied hunder hthe hSuicide hclause hof hthe hpolicy

P his hblinded hin han hindustrial haccident. hWhich hprovision hof hhis hlife hinsurance
hpolicy hwill hpay ha hstated hbenefit hamount? h- hcorrect hanswers h-Accidental
hDeath hand hDismemberment hprovision


B howns ha hWhole hLife hpolicy hwith ha hguaranteed hinsurability hoption hthat hallows
hhim hto hpurchase, hwithout hevidence hof hinsurability, hstated hamounts hof h-
hcorrect hanswers h-Additional hWhole hLife hcoverage hat hspecified htimes


How hare hsurrender hcharges hdeducted hin ha hlife hpolicy hwith ha hrear-end hloaded
hprovision? h- hcorrect hanswers h-Deducted hwhen hthe hpolicy his hdiscontinued


What hdoes hthe hownership hclause hin ha hlife hinsurance hpolicy hstate? h- hcorrect
hanswers h-Who hthe hpolicy howner his hand hwhat hrights hthe hpolicy howner his
hentitled hto


A hlife hinsurance hpolicy hwhich hensures hthat hthe hpremiums hwill hbe hpaid hif hthe
hinsured hbecomes hdisabled hhas hwhat hkind hof hrider hattached? h- hcorrect
hanswers h-Waiver hof hpremium


A hprovision hin ha hlife hinsurance hpolicy hthat hpays hthe hpolicyholder han hamount
hthat hdoes hnot hsurpass hthe hguaranteed hcash hvalue his hcalled hthe h- hcorrect
hanswers h-Policy hLoan hprovision


P hdied hfive hyears hafter hpurchasing ha hlife hpolicy. hWhile hinvestigating hthe
hclaim, hthe hinsurer hdiscovered hmaterial hmisrepresentation hmade hby hP hduring
hthe happlication hprocess. hWhich hof hthese hactions hwill hbe hin hsure htake? h-
hcorrect hanswers h-Beneficiary hwill hbe hpaid hthe hdeath hbenefit


All hof hthe hstatement hoptions hinvolve hthe hsystematic hliquidation hof hthe hdeath
hproceeds hin hthe hevent hof hthe hinsured's hdeath hEXCEPT h- hcorrect hanswers h-
Interest hOnly

Which hstatement his htrue hin hthe hregards hto ha hpolicy hloan? h- hcorrect hanswers
h-Past-due hinterest hon ha hpolicy hloan his hadded hto hthe htotal hdebt


K hhas ha hlife hinsurance hpolicy hwhere hher hhusband his hthe hbeneficiary hand hher
hdaughter his hcontingent hbeneficiary. hUnder hthe hCommon hDisaster hclause, hif hK
hand hher hhusband hare hboth hkilled hin han hautomobile haccident, hwhere hwill hthe
hdeath hproceeds hbe hdirected? h- hcorrect hanswers h-Daughter


T hand hS hare hnamed hco-primary hbeneficiary hon ha h$500,000 hAccidental hDeath
hand hDismemberment hpolicy hensuring htheir hfather. hTheir hmother hwas hnamed
hcontingent hbeneficiary. hFive hyears hlater, hS hdies hof hnatural hcauses hand hthe