LIFE ExamFX (guarantee)100 Questions with 100% Correct Answers | Verified | Latest Update

family policy - ️️a life insurance policy that provides coverage to every family member in a single policy, with permanent insurance on the breadwinner and convertible term on other family members is called a whole life policy is surrendered for a reduced-paid up policy. the cash value in the new policy will - ️️continue to increase which of the following policies van be described as a flexible premium adjustable life policy? - ️️Universal Life which of the following would be TRUE of both the fixed period and the fixed-amount settlement options? - ️️both guarantee that the principal and interest will be fully paid out which of the following types of insurance products would. be appropriate for an individual with a low income and high insurance needs? - ️️term insurance all of the factors being equal, which of the following premium modes would result in the lowest overall premium? - ️️Annual all of the following are true of credit life EXCEPT - ️️The insured names the beneficiary an insurance agent who represents multiple companies on a nonexclusive basis and earns commissions on personal sales is working in what kind of marketing system? - ️️Independent agency system Partners in a business want to make sure that if one of them were to pass away, their surviving family will receive a fair value for their portion in the business. what life insurance arrangement would be most suited for transitioning the business? - ️️Buy-Sell Agreement