MN Life License 70 Study Guide Questions And Answers

In what type of policy does the owner pay the same premium throughout the term of the contract? - ️️Level premium policy Which type of beneficiary CANNOT be changed without consent? - ️️The beneficiary is irrevocable How many totals hours of continuing education covering the subjects for which the license is licensed must complete? - ️️24 hours Accidental and dismemberment will pay the principal sum of death occurs: - ️️As a result of an accident regardless of when the accident occurs The following refers to which type of class? If the proposed insured dies while the policy is in forced the company will pay the death benefit to the beneficiary? - ️️An Insuring Clause Under MN law, if an employee is laid off from employment and is no longer eligible for group coverage, what can the employer's life insurance coverage? - ️️The employer must inform the company of he amount payable to continue coverage for up to 18 months Which rider allows additional insurance at an specified date or event without evidence of insurability? - ️️Guaranteed Insurability Which of the exceptions of a variable annuity contract if a person cancelled an insurance contract within the free look period is without liability and the person is entitled a refund of? - ️️The premium paid but not including any contract fees or other charges related to the contract