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Exam (elaborations)

EXAM FX LIFE INSURANCE TEST QUESTIONS

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EXAM FX LIFE INSURANCE TEST QUESTIONS

Institution
FX Life Insurance
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FX Life Insurance








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Institution
FX Life Insurance
Course
FX Life Insurance

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Uploaded on
November 12, 2024
Number of pages
2
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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  • exam fx life insurance test questions

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EXAM FX LIFE INSURANCE QUESTIONS
AND ANSWERS



Ifgtheginsuredgdiesgduringgtheggracegperiod,gwhatgisgtheginsurergobligatedgtogpay?g-gans--
Thegfacegvaluegofgthegpolicyg,gminusganygowedgpremium..

Whichgtypegofglifeginsurancegpolicyggeneratesgimmediategcashgvalue?g-gans--
Singlegpremium

Ifganginsurancegcompanygstatesgthatgtheirgpoliciesgaregguaranteedgbygthegexistencegofgthe
ginsurancegguarantygassociation,gthatgwouldgbegconsideredgwhat?g-gans--

Angunfairgtradegpractice

Ingagsurvivorshipglifegpolicy,gwhengisgthegdeathgbenefitgpaid?g-gans--UpongthegLASTgdeath

Whichglifeginsurancegpolicyghasg2gdeathgbenefitgoptionsg?g-gans--Universalglifegpolicy

Whatgaregtheg2gdeathgbenefitsgofferedgbygaguniversalglifeginsurancegpolicyg?g-gans--
OptiongA:gtheglevelgdeathgbenefitg

OptiongB:gincreasinggdeathgbenefitgoption

Whichglifegpolicygprovidesgpermanentgprotection?g-gans--Wholeglifegpolicyg

"gtheygaregrenderedgtogasgpermanentgprotection,gasglonggasgpremiumsgaregpaid,gcoverag
egwillgcontinuegforgtheglifegofgtheginsured"

Whatgisgagbuyersgguideg?g-gans--
Isgaggenericgguidegthatgexplainsglifeginsurancegingagwaygthatgthegaveragegconsumergcangu
nderstand

Whengmustginsurableginterestgexistgingaglifeginsurancegpolicyg?g-gans--
Atgthegtimegofgapplication

Thegwaivergofgcostgridergfoundgingwhatgtypegofglifeginsuranceg?g-gans--Universalglife
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