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Exam (elaborations)

Life and Health Exam Questions and Answers 100% Solved

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Life and Health Exam Questions and Answers 100% Solved When twin brothers applied for life insurance from Company A, the company found that while neither of them smoked and both had a very similar lifestyle, one of the twins was in a much stronger financial position than the other. Because of this, the company charged him a higher rate for his insurance. This practice is considered ️️Discrimination What must happen when an individual policy or annuity has been personally delivered to the policyowner? ️️The policyowner must sign a delivery reciept When an insured under a life insurance policy died, the designated beneficiary received the face amount of the policy as well as a refund of all of the premiums paid. Which rider is attached to the policy? ️️Return of premium The death benefit under the Universal Life Option B ️️Gradually increases each year by the amount that the cash value increases

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