INS 3303 Life Insurance Exam 2 Ch 9 11 19 22

Chamberlian School of Nursing

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Exam (elaborations) INS 3303 Life Insurance Exam 2 Ch 9 11-19 22

Exam (elaborations) INS 3303 Life Insurance Exam 2 Ch 9 11-19 22
Exam (elaborations) • 15 pages • 2021

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...