7/25/25, 12:57 PM Illinois Life & Health Insurance Exam Questions with 100% Correct Answers | Verified | Latest Update 2025!! Flashcards | Quizlet
Illinois Life & Health Insurance Exam Questions
with 100% Correct Answers | Verified | Latest
Update 2025!!
Save
Practice questions for this set
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Terms in this set (197)
Riders attached to life insurance policies that allow
Accelerated Benefits death benefits to be used to cover nursing or
convalescent home expenses
a policy rider that states that the cause of death will
Accidental death benefits be analyzed to determine if it complies with the
policy description of accidental death
accidental death an insurance policy that provides payment if the
insurance insureds death is the result of an accident
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, 7/25/25, 12:57 PM Illinois Life & Health Insurance Exam Questions with 100% Correct Answers | Verified | Latest Update 2025!! Flashcards | Quizlet
the time before an annuitants retirement during which
accumulation period the annuitant is making payments or investments in the
annuity
the required amount to pay damages or for property
loss. This amount is calculated based on the
actual cash value (acv)
properties current replacement value minus
depreciation
a contract offered on a take it or leave it basis by an
insurer, in which the insureds only option is to either
adhesion
accept or reject the contract. Any ambiguities in the
contract will be settled in favor of the insured
life insurance that permits changes in the face
adjustable life amount, premium amount, period of protection, and
the duration of the premium payment period
a representative of an insurance company who
investigates and acts not he behalf of the company to
adjuster
obtain agreements for the amount of the insurance
claim
an individual appointed by a court as a fiduciary to
administrator settle the financial affairs and estate of a deceased
person
admitted (authorized) an insurance company authorized and licensed to
insurer transact business in a particular state
the tendency of risks with higher probability of loss to
adverse selection purchase and maintain insurance more often than the
risks who present lower probability
agency an insurance sales office or company
an individual who is licensed to sell, negotiate, or
agent
effect insurance contracts on behalf of the insurer
the authorization of an agent to act for or represent
agent appointment
and insurer
https://quizlet.com/1062181839/illinois-life-health-insurance-exam-questions-with-100-correct-answers-verified-latest-update-2025-flash-cards/?new 2/10
Illinois Life & Health Insurance Exam Questions
with 100% Correct Answers | Verified | Latest
Update 2025!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Terms in this set (197)
Riders attached to life insurance policies that allow
Accelerated Benefits death benefits to be used to cover nursing or
convalescent home expenses
a policy rider that states that the cause of death will
Accidental death benefits be analyzed to determine if it complies with the
policy description of accidental death
accidental death an insurance policy that provides payment if the
insurance insureds death is the result of an accident
https://quizlet.com/1062181839/illinois-life-health-insurance-exam-questions-with-100-correct-answers-verified-latest-update-2025-flash-cards/?new 1/10
, 7/25/25, 12:57 PM Illinois Life & Health Insurance Exam Questions with 100% Correct Answers | Verified | Latest Update 2025!! Flashcards | Quizlet
the time before an annuitants retirement during which
accumulation period the annuitant is making payments or investments in the
annuity
the required amount to pay damages or for property
loss. This amount is calculated based on the
actual cash value (acv)
properties current replacement value minus
depreciation
a contract offered on a take it or leave it basis by an
insurer, in which the insureds only option is to either
adhesion
accept or reject the contract. Any ambiguities in the
contract will be settled in favor of the insured
life insurance that permits changes in the face
adjustable life amount, premium amount, period of protection, and
the duration of the premium payment period
a representative of an insurance company who
investigates and acts not he behalf of the company to
adjuster
obtain agreements for the amount of the insurance
claim
an individual appointed by a court as a fiduciary to
administrator settle the financial affairs and estate of a deceased
person
admitted (authorized) an insurance company authorized and licensed to
insurer transact business in a particular state
the tendency of risks with higher probability of loss to
adverse selection purchase and maintain insurance more often than the
risks who present lower probability
agency an insurance sales office or company
an individual who is licensed to sell, negotiate, or
agent
effect insurance contracts on behalf of the insurer
the authorization of an agent to act for or represent
agent appointment
and insurer
https://quizlet.com/1062181839/illinois-life-health-insurance-exam-questions-with-100-correct-answers-verified-latest-update-2025-flash-cards/?new 2/10
