The breadwinner Study guides, Class notes & Summaries

XCEL- Arkansas Life Insurance Final Exam Questions And Answers blackout period Period following the death of a family breadwinner during which no Social Security benefits are available to the surviving spouse. per capita for each person; in relation to people taken individually, is a method of life insurance distribution using total number of individuals this means that all living members that are identified in the life insurance policy will receive an equal Brainpower Read ...

Kentucky Life Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (Latest 2024/ 2025 Update) Q: Universal Life Insurance Flexible premium, adjustable death benefits, accumulates cash values: earlier models have front-end load, later models have back end load. Insurance costs are debited and guaranteed and excess interest are credited. Q: Universal Life Death Benefit Option A Answer: Level death benefit throughout life of policy (can be increased with pr...

NC life and health insurance study questions with certified answers Which of the following is NOT a characteristic of universal life insurance? A Flexible death benefit B Cash account C Fixed premium D Unbundled premium C Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again. They may even skip a premium payment. The rest of the features apply to universal life policies. Which of the following would help ...

peril - ANSWER the immdeiate specific event causing loss and giving rise to risk hazard - ANSWER any factor that gives rise to a peril physical hazard - ANSWER individual characteristics that increase chance of peril *physical condition, past medical history, condition at birth moral hazard - ANSWER tendencies that people may have that increase risk and chance of loss *drug addiction and alcholism morale hazard - ANSWER individual tendencies that arise from an attitude or state of m...

NC Life and Health Insurance Study Questions With Complete Solutions 100% Verified Which of the following is NOT a characteristic of universal life insurance? A Flexible death benefit B Cash account C Fixed premium D Unbundled premium ANS-C Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again. They may even skip a premium payment. The rest of the features apply to universal life policies. Which of the follo...

Nevada Accident, Life and Health Exam Questions and Answers 100% AccurateNevada Accident, Life and Health Exam Questions and Answers 100% AccurateNevada Accident, Life and Health Exam Questions and Answers 100% AccurateNevada Accident, Life and Health Exam Questions and Answers 100% AccurateNevada Accident, Life and Health Exam Questions and Answers 100% Accurate COBRA (because she can convert, and if she has a long term illness it it will be hard for her to get approved for individual insuranc...

COBRA (because she can convert, and if she has a long term illness it it will be hard for her to get approved for individual insurance) - ANSWER Kevin and Nancy are married; Kevin is the primary breadwinner and has a health insurance policy that covers both him and his wife. Nancy has an illness that requires significant medical attention. Kevin and Nancy decide to legally separate, which means that Nancy will no longer be eligible for health insurance coverage under Kevin. Which of the followin...

Life InsuranceWhole Life Insurance - correct answer Life insurance protection for the insured's entire life, or until age 100. It provides living benefits. Premiums remain level for the life of the insured, the face amount of whole life insurance is level (in most cases). Synonymous with permanent life insurance. Endowment Policy - correct answer A whole life policy that will pay the face amount under one of two situations: 1.) if the insured is alive at the contract maturity date, or 2.) if...

NC life and health insurance study questions with certified answers Which of the following is NOT a characteristic of universal life insurance? A Flexible death benefit B Cash account C Fixed premium D Unbundled premium C Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again. They may even skip a premium payment. The rest of the features apply to universal life policies. Which of the following would help ...

NC life and health insurance study questions with certified answers Which of the following is NOT a characteristic of universal life insurance? A Flexible death benefit B Cash account C Fixed premium D Unbundled premium C Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again. They may even skip a premium payment. The rest of the features apply to universal life policies. Which of the following would help ...