PFP EXAM 2: PART 1 (QUESTIONS &
ANSWERS) ALREADY GRADED A+
1 of 20
Term
Henry must make set premium payments on his insurance policy until he
dies, and if he cancels the policy, he will receive the cash value.
His plan is apolicy.
Give this one a try later!
to transfer the risk of serious losses continuous whole life
, universal life variable
insurance
Don't know?
2 of 20
Term
The purchase of insurance is a common form of _____ by the
insured.
Give this one a try later!
lump sum Risk Assumption
Risk avoidance is any activity
that helps evade an act that risk transfer
creates a risk.
Don't know?
3 of 20
Term
Insurance underwriting is best described as:
Give this one a try later!
ANSWERS) ALREADY GRADED A+
1 of 20
Term
Henry must make set premium payments on his insurance policy until he
dies, and if he cancels the policy, he will receive the cash value.
His plan is apolicy.
Give this one a try later!
to transfer the risk of serious losses continuous whole life
, universal life variable
insurance
Don't know?
2 of 20
Term
The purchase of insurance is a common form of _____ by the
insured.
Give this one a try later!
lump sum Risk Assumption
Risk avoidance is any activity
that helps evade an act that risk transfer
creates a risk.
Don't know?
3 of 20
Term
Insurance underwriting is best described as:
Give this one a try later!
