INS 3303 Life Insurance Exam 2 Ch 9 11 19 22
Chamberlian School of Nursing
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Exam (elaborations)
Exam (elaborations) INS 3303 Life Insurance Exam 2 Ch 9 11-19 22
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---15November 20212021/2022
- A policy that originally is not a modified endowment contract will be subject 
to re-testing if there is a "material change" in the contract. Which of the 
following would likely be a material change? 
Answer 
Selected 
Answer: 
Increases in death benefits because of premiums paid for the 
policy to support the first seven contract years of benefits. 
Correct 
Answer: 
An exchange of one policy for another policy in a 1035 
exchange. 
• Question 2 
0 out of 5 points 
A policy that automatica...
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