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- Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about ? On this page you'll find 19 study documents about .
real property - ANSWER Land and whatever is growing property - ANSWER A bundle of rights a person has with respect to something. on or attached to the land. personal property - ANSWER all property other than real property intangible property - ANSWER Property that represents ownership of a legal right, such as a contractual right (life insurance).
property - ANSWER A bundle of rights a person has with respect to something.
real property - ANSWER Land and whatever is growing on or attached to the land.
rights of a life policyowner - ANSWER name the beneficiary, change the beneficiary, transfer ownership to someone else
Waiver of premium for disability (WP) Benefit - ANSWER A supplemental life insurance policy benefit under which the insurer promises to give up—to waive—its right to collect premiums that become due while the insured is totally disabled.
- satisfies a 3-6 month waiting period: meaning for the first 3-6 months the person must cover it
The WP benefit typically defines total disability for the insured as being unable to perform the duties of?
a. Any occupation
b. The insured's own prev...
papersbyjol
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Exam (elaborations)
LOMA 281 Module 3 QUESTIONS & ANSWERS(2024 LATEST UPDATE)
Waiver of premium for disability benefit - ANSWER A supplemental life insurance policy benefit under which the insurer promises to give up - to waive - its right to collect premiums that become due while the insured is totally disabled.
Waiver of premium for payor benefit - ANSWER A supplemental life insurance policy benefit under which the insurer agrees to waive its right to collect a policy's renewal premiums if the policyowner dies or becomes totally disabled.
Disability income benefi...
Waiver of premium for disability (WP) Benefit - ANSWER A supplemental life insurance policy benefit under which the insurer promises to give up—to waive—its right to collect premiums that become due while the insured is totally disabled.
- satisfies a 3-6 month waiting period: meaning for the first 3-6 months the person must cover it
The WP benefit typically defines total disability for the insured as being unable to perform the duties of?
real property - ANSWER Land and whatever is growing property - ANSWER A bundle of rights a person has with respect to something.
on or attached to the land.
personal property - ANSWER all property other than real property
intangible property - ANSWER Property that represents ownership of a legal right, such as a contractual right (life insurance).
shantelleG
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Exam (elaborations)
LOMA 281 Module 3 Questions and Answers
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5
August 2024
2024/2025
A+
LOMA 281 Module 3
Waiver of premium for disability benefit - Answer- A supplemental life insurance policy benefit under which the insurer promises to give up - to waive - its right to collect premiums that become due while the insured is totally disabled.
Waiver of premium for payor benefit - Answer- A supplemental life insurance policy benefit under which the insurer agrees to waive its right to collect a policy's renewal premiums if the policyowner dies or becomes totally disabled.
D...
Freshy
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