FL-215 Pearson Vue study set (1)
Which of those characteristics is consistent with a Straight Life coverage?
Premiums are payable for so long as there may be coverage coverage in force
three a couple of preference alternatives
When is the face quantity paid below a Joint Life and Survivor policy?
Upon death of the ultimate insured
three multiple preference options
N is a 40-yr antique applicant who would really like to retire at age 70. He is calling to buy a
lifestyles coverage policy with level premiums, everlasting safety, and be paid-up at retirement.
Which of these have to N purchase?
30 Pay Life
3 more than one choice options
Credit lifestyles insurance is generally issued with which of the following types of insurance?
Decreasing Term
Which of the following moves is NOT possible with a Universal Life policy?
Premiums may be applied as a credit score in opposition to earnings tax
The rates paid through an employer for his employee's institution lifestyles coverage are
generally taken into consideration to be:
tax-deductible to the organisation
Q is calling to buy a lifestyles insurance policy on the way to provide the greatest amount of
safety for a brief term. Which of these policies ought to Q buy?
Term existence
Whole Life coverage policies are contractually guaranteed to offer every of the subsequent,
EXCEPT:
partial withdrawal capabilities beyond a surrender rate length
coins fee so as to in the end update the dying gain
, S is close to retiring and would love to purchase a policy so one can yield greater gains than
bonds, but will nonetheless guard the essential with a minimal level or chance. Which product
would S be recommended to buy?
Equity index insurance
G bought a Family Income coverage at age forty. The policy has a 20-12 months rider length. If
G had been to die at age 50, how long might G's own family acquire an profits?
10 years
Stranger-Owned Life Insurance (STOLI) is when someone purchases life coverage best to sell
to a(n):
third-birthday celebration without a insurable hobby
Which form of plan allows an business enterprise to give cash to an employee for getting a
existence coverage policy and also allows the employee to select the beneficiary?
Split-dollar plan
Which of the subsequent guidelines is characterised with the aid of a flexible top class and
demise advantage and allows the policyowner control of the investment thing of the plan?
Variable time-honored life
Which announcement about a whole life policy is authentic?
Cash value can be borrowed against
How does a normal Variable Life Policy investment account grow?
Through mutual funds, shares, bonds
Who benefits in Investor-Originated Life Insurance (IOLI) while the insured dies?
Policyowner
Which of the following Life insurance regulations integrate time period insurance with an
investment detail?
Universal Life
Which of those characteristics is consistent with a Straight Life coverage?
Premiums are payable for so long as there may be coverage coverage in force
three a couple of preference alternatives
When is the face quantity paid below a Joint Life and Survivor policy?
Upon death of the ultimate insured
three multiple preference options
N is a 40-yr antique applicant who would really like to retire at age 70. He is calling to buy a
lifestyles coverage policy with level premiums, everlasting safety, and be paid-up at retirement.
Which of these have to N purchase?
30 Pay Life
3 more than one choice options
Credit lifestyles insurance is generally issued with which of the following types of insurance?
Decreasing Term
Which of the following moves is NOT possible with a Universal Life policy?
Premiums may be applied as a credit score in opposition to earnings tax
The rates paid through an employer for his employee's institution lifestyles coverage are
generally taken into consideration to be:
tax-deductible to the organisation
Q is calling to buy a lifestyles insurance policy on the way to provide the greatest amount of
safety for a brief term. Which of these policies ought to Q buy?
Term existence
Whole Life coverage policies are contractually guaranteed to offer every of the subsequent,
EXCEPT:
partial withdrawal capabilities beyond a surrender rate length
coins fee so as to in the end update the dying gain
, S is close to retiring and would love to purchase a policy so one can yield greater gains than
bonds, but will nonetheless guard the essential with a minimal level or chance. Which product
would S be recommended to buy?
Equity index insurance
G bought a Family Income coverage at age forty. The policy has a 20-12 months rider length. If
G had been to die at age 50, how long might G's own family acquire an profits?
10 years
Stranger-Owned Life Insurance (STOLI) is when someone purchases life coverage best to sell
to a(n):
third-birthday celebration without a insurable hobby
Which form of plan allows an business enterprise to give cash to an employee for getting a
existence coverage policy and also allows the employee to select the beneficiary?
Split-dollar plan
Which of the subsequent guidelines is characterised with the aid of a flexible top class and
demise advantage and allows the policyowner control of the investment thing of the plan?
Variable time-honored life
Which announcement about a whole life policy is authentic?
Cash value can be borrowed against
How does a normal Variable Life Policy investment account grow?
Through mutual funds, shares, bonds
Who benefits in Investor-Originated Life Insurance (IOLI) while the insured dies?
Policyowner
Which of the following Life insurance regulations integrate time period insurance with an
investment detail?
Universal Life
