Beneficiary principle Study guides, Revision notes & Summaries
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PVL2602 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE 12 April 2024
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PVL2602 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE 12 April 2024 100% TRUSTED workings, explanations and solutions. for assistance Whats-App 0.6.7..1.7.1..1.7.3.9 ......................................... 
 
Question 1 
Complete 
Mark 1.00 out of 1.00 
 
Wanda was a successful businesswoman who owned a house and several other assets. She was married to Steven, who iscurrently unemployed. They had two daughters, Bea and Carla. Wanda was diagnosed with cancer and shortly thereafter she...
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PVL2602 Assignment 1 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED
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PVL2602 Assignment 1 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references ............ 
 
 
 
 
QUIZ 
 
 
 
 
Question 1 
Complete 
Mark 1.00 out of 1.00 
 
Wanda was a successful businesswoman who owned a house and several other assets. She was married to Steven, who iscurrently unemployed. They had two daughters, Bea and Carla. Wanda was diagnosed with cancer and shortly thereafter sheappro...
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NJ Life Producer Exam Study Life Insurance Questions and Answers 100% Pass
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NJ Life Producer Exam Study Life 
Insurance Questions and Answers 100% 
 
Pass 
 
An insurer must renew a renewable term policy at the policyowner's request regardless of the 
insurability status of the insured. Renewable Term Life Insurance 
 
The settlement option that provides for payments to be made in regular installments to a 
beneficiary until the principal and interest are exhausted best describes: Fixed-amount 
 
What hours of operation is a branch office required to have? Must give pu...
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Xcel Testing Solutions (Life & Health) Final 150 Question Practice Exam complete Questions and Answers
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Xcel Testing Solutions (Life & Health) Final 150 Question Practice Exam complete Questions and Answers 
When can a policy owner change a revocable beneficiary? 
M purchased an Accidental Death and Dismemberment (AD&D) policy and named his son as beneficiary. M has the right to change the beneficiary designation at anytime. What type of beneficiary is his son? 
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and Dismemberment (AD&D) policy? 
What is the un...
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Life, accident and health insurance state exam- OH Already Passed
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Life, accident and health insurance state exam- OH Already Passed 
A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? preferred 
Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has better than average mortality 
The waiver of premium does NOT include which provision? Al future premiums are waived if the insured recovers from the disability 
An advertisement for an insurance produ...
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AD Banker Comprehensive Exam 2024 Questions and Answers
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AD Banker Comprehensive Exam 2024 
Questions and Answers 
A producer who is acting as an agent is representing: 
A 
The insured, the applicant and the beneficiary 
B 
Always the insured 
C 
The insured and the insurer 
D 
Always the insurer - Ans ️️ -D 
In order to be valid, a contract must be between individuals considered legally able 
to enter into an agreement. This principle is known as: 
A 
Restricted persons 
B 
Considerations 
C 
Competent parties 
D 
Agreement - Ans ️️ -C 
A com...
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Texas Life Insurance Exam Questions and Answers with complete solutions
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Insurance 
(General concept) - ANSWER - transfers the risk of loss from an individual to an insurer 
- based on the principle of indemnity 
- based on the principle of risk (risk pooling) 
 
insurable interest 
(General Concept) - ANSWER - must exist at the time of the application 
- insuring one's own life, family member, or a business partner 
 
Solicitation and sales presentation - ANSWER - illustration- presentation of nonguaranteed elements 
- buyer's guide is generic information abo...
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PVL2602 Assignment 1 (QUALITY ANSWERS) Semester 1 2024
- Exam (elaborations) • 146 pages • 2024
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This document contains workings, explanations and solutions to the PVL2602 Assignment 1 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4..... Question 1 In Mark 0.00 out of 1.00 
Buhle Baloyi, a 94-year-old retired judge, had been suffering from a prolonged respiratory infection from late 2018. In addition to this, he was diagnosed with rheumatoid arthritis and as a result, he spent most of his days in bed, as he was in severe physical pain. He was looked af...
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XCELL TESTING SOLUTIONS (LIFE & HEALTH) FINAL QUESTION PRACTICE EXAM AND CORRECT ANSWERS
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When can a policy owner change a revocable beneficiary? Correct Answer Anytime 
 
M purchased an Accidental Death and Dismemberment (AD&D) policy and named his son as beneficiary. M has the right to change the beneficiary designation at anytime. What type of beneficiary is his son? Correct Answer Revocable 
 
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and Dismemberment (AD&D) policy? Correct Answer If the primary beneficiary dies before the insured 
 
W...
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AD Banker Comprehensive Exam, Questions with accurate answers. 2022/2023. Rated A
- Exam (elaborations) • 141 pages • 2023
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AD Banker Comprehensive Exam, Questions with accurate answers. 2022/2023. Rated A 
 
 
A producer who is acting as an agent is representing: 
 
A 
The insured, the applicant and the beneficiary 
 
B 
Always the insured 
 
C 
The insured and the insurer 
 
D 
Always the insurer - D 
 
In order to be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as: 
 
A 
Restricted persons 
 
B 
Considerations 
 
C 
Competent parties 
 
D...
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California Life, Accident, and Health Insurance Final Exam Questions and Answers Already Passed
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California Life, Accident, and Health Insurance Final Exam Questions and Answers Already Passed What distinguishes a deferred annuity from an immediate annuity? The time at which benefit payments start 
Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? 60 payments 
What is a common reason people purchase an annuity? To protect against the risk of outlivin...
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WebCE Exam Questions with correct Answers
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Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. 
Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. 
 
Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. 
Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...
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