SC Insurance Lic Exam 2021/2024 Questions & Answers Rated A

The branch of dentistry which deals with the replacement of missing parts is called - ANSWER-Prosthodontics Which policy feature makes a universal life policy different from a whole life policy? - ANSWER-A flexible premium schedule Tia the producer is recommending to a prospect that and existing life insurance policy be replaced with a new one from her insure. If this transaction moves forward, which of the following does NOT need to be provided to the prospect it or before the policy is delivered? - ANSWER-Replacing insurers financial statements The free-look provision gives the policy owner - ANSWER-The right to return the policy for a full refund within a specified number of days Following dividend options, which of these is taxable? - ANSWER-Accumulation at interest An example of risk sharing would be - ANSWER-Doctors pooling their money to cover malpractice exposure All of the following are typically included in life insurance policy illustration EXCEPT - ANSWER-Names of the beneficiaries When needing custodial care at home would require which type of coverage? - ANSWER-Long-Term Care A life policy loan in South Carolina cannot charge a fixed rate of interest higher than - ANSWER-8%