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Xcel Testing Solutions-Louisiana Life And Health Exam Simulator - 200 Q&A

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Which dividend option would an insurer invest the policy owner's money and add any interest earnings as the dividends accrue? -Accumulation at Interest Option -Cash Dividend Option -Paid-Up Additions Option -One-Year Term Dividend Option ️Ans - The Accumulation at Interest Option - invests the policy owner's money and adds interest earnings to the initial amount of the dividends. Decreasing term life insurance is often used to? -provide retirement funds -provide coverage for a home mortgage -accumulate cash value -provide coverage for estate taxes ️Ans - Provide coverage for a home mortgage- A common use for decreasing term life insurance is to cover a home mortgage. Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. - ️Ans - 20 Written notice for a health claim must be given to the insurer 20 days after the occurrence of the loss. In order to activate the reinstatement clause of a lapsed life insurance policy, the insured MUST - remit all past-due premiums within the grace period - provide evidence of insurability to the insurer - resubmit a new life insurance application -provide a valid reason for the lapse ️Ans - provide evidence of insurability to the insurer

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Louisiana Life And Health E
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Louisiana Life And Health E
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Louisiana Life And Health E

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