CLU HS 323 Quiz Questions | Questions with 100% Correct Answers | Latest Update | Verified

28. Which of the following statements concerning factors used in the selection and classification process of applicants for life insurance is correct? (A) Applicants must submit document proof of age as part of the application. (B) Any past health record of the applicant is of little real relevance in the selection process. (C) The determination of an applicant's mortality expectation involves an examination of the relationship between height, weight, and girth. (D) The influence of heredity may be most significant when evaluating a young person's application. - (C) The determination of an applicant's mortality expectation involves an examination of the relationship between height, weight, and girth. 27. Which of the following statements concerning current assumption whole life is correct? (A) It has a redetermination feature that reconfigures the premium amount in light of recent experience. (B) It is a variation of traditional whole life that provides no guarantees for the policy-owner. (C) Its cash value development is more like that of variable life than of any other policy. (D) It is participating insurance that has several unique dividend features - (A) It has a redetermination feature that reconfigures the premium amount in light of recent experience. 29. Which of the following reinsurance plans is proportional reinsurance? (A) a stop-loss agreement (B) a coinsurance agreement (C) a catastrophe agreement (D) a spread-loss agreement - (B) a coinsurance agreement