Test Bank For Florida Life and Health Insurance Exams 300 Combined Set Questions And Correct Answers| AS PER MARKING SCHEME | GUARANTEE PASS

Test Bank For Florida Life and Health Insurance Exams 300 Combined Set Questions And Correct Answers| AS PER MARKING SCHEME | GUARANTEE PASS 1. A father who dies within 3 years after purchasing a life insurance policy on his infant daughter can have the policy premiums waived under which provision - ANSWER Payor Provision 2. Which of the following actions is NOT possible with Universal Life policy - ANSWER Premiums may be applied as a credit against income tax 3. A life policy with death benefit and cash value that can fluctuate according to performance of its underlying investment portfolio is referred to as - ANSWER Variable life 4. Which policy requires an agent to register with the National Association of Securities Dealers (NASD) before selling? - ANSWER Variable life 5. P owns a $25,000 Life Policy that pays the face amount to him if he lives to age 70, or to his beneficiary if he dies before age 70. What kind of policy does P own. - ANSWER Endowment at Age 70