LOMA 291 Module 2 Lesson 1 exam |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
with correct answers |||\\\ |||\\\
omnichannel distribution - correct answer✔✔A form of distribution that enables personalized |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
sales to customers through multiple, integrated communication channels.
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location-selling system - correct answer✔✔A method for distributing insurance products that |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
is designed to generate customer-initiated sales at an office or information kiosk in a store,
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
shopping mall, or other non-insurance business establishment.
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career agent - correct answer✔✔sells primarily life products for one company
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multiple-line exclusive agent - correct answer✔✔sells life and p & c for one company |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
D2C (Direct to Consumer) - correct answer✔✔not face to face
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agency operations unit - correct answer✔✔The unit in an insurance company that supports
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
and services the insurer's direct sales force.
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advanced underwriting - correct answer✔✔A group of specialists who will assist in preparing
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
proposals, and will accompany the agent, if requested, to sales presentations on how to use
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
insurance products in a financial plan or in estate planning. |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
trail commission - correct answer✔✔A percentage of an annuity's accumulated value paid
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
periodically, usually annually, to the financial professional that sold the annuity. |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
with correct answers |||\\\ |||\\\
omnichannel distribution - correct answer✔✔A form of distribution that enables personalized |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
sales to customers through multiple, integrated communication channels.
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
location-selling system - correct answer✔✔A method for distributing insurance products that |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
is designed to generate customer-initiated sales at an office or information kiosk in a store,
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
shopping mall, or other non-insurance business establishment.
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
career agent - correct answer✔✔sells primarily life products for one company
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
multiple-line exclusive agent - correct answer✔✔sells life and p & c for one company |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
D2C (Direct to Consumer) - correct answer✔✔not face to face
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
agency operations unit - correct answer✔✔The unit in an insurance company that supports
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
and services the insurer's direct sales force.
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
advanced underwriting - correct answer✔✔A group of specialists who will assist in preparing
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
proposals, and will accompany the agent, if requested, to sales presentations on how to use
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
insurance products in a financial plan or in estate planning. |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
trail commission - correct answer✔✔A percentage of an annuity's accumulated value paid
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
periodically, usually annually, to the financial professional that sold the annuity. |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
