Florida life insurance Study guides, Class notes & Summaries

FLORIDA INSURANCE 2-14 EXAM TERMS QUESTIONS AND ANSWERS (100% SCORES) Insurance - CORRECT ANSWER-Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Life Insurance - CORRECT ANSWER-Is based on actuarial or mathematical principles and guarantees a specified sum of money upon the death of the person who is insured. Annuities - CORRECT ANSWER-Provid...

Replacing a life insurance policy correct answersWhen replacing a life insurance policy an insurance producer must submit a notice to both the applicant and the insurance producers own company regarding the replacement All must appear on all applications correct answersAgents name & signature, the name of the company and the agents license number disability benefits correct answersCan be delayed up to 90 days depending on the policy Transaction insurance correct answersIncludes all of t...

Florida Life Insurance Test 100% Correct Answers S buys $100,000 whole life policy in 2003 and pays an annual premium of $100. S dies five years later in 2008 and the insured pays the beneficiary $10,500. What kind of writer did S include on the policy? - Correct Answer ️️ -A Return of permium rider All of these statements about the Waiver of Premium provision are correct EXCEPT - Correct Answer ️️ -Insured must be eligible for Social Security disability for claim to be excepted W...

FLORIDA LIFE INSURANCE ACTUAL EXAM 2024 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) AGRADE

Florida Life Insurance Health Provisions Questions and Answers Already Passed The Notice of Claims provision requires a policyowner to notify an insurer of a claim within a specified time An insured must notify an insurer of a medical claim within how many days after an accident? 10 20 Which of the following health insurance policy provisions specifies the health care services a policy will provide? Insuring clause Which health policy clause specifies the amount of benefits to be paid? Insuri...

FDLE SOCE Review Exam Questions With Correct Answers Latest 2023/2024 (100% Correct). A correctional probation officer is responsible for: - ANSWER-• performing professional work to investigate and assess offenders • ensuring that offenders comply with any statutory or special conditions of supervision ordered by the sentencing authority • evaluating offender progress and making recommendations throughout the period of supervision • assisting offenders in securing employment and ma...

Florida Life Insurance: Study Guide for the Licensing Exam 100% Correct IMPORTANT NUMBER FOR LIFE INSURANCE: Free look period for life insurance policies. 14 days Grace period, from second notice, to which a life policy-owner at least 64 years of age is entitled. Free look period for Annuities and Variable Annuities. 21 days Grace period for industrial life insurance. 28 days Grace period for life insurance. Notice agent must give Department after felony conviction. Notice insurer must give ...

Florida 2-15 Insurance License Actual Exam Questions and Answers Already Graded A Accumulation units are converted into annuity units: at the time of annuity payout. A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. noncontributory If a disabled worker covered under Social Security disability benefits recovers and then is disabled again within five years, a new waiting period is required before benefits begin again. FALSE ...

Which of the following statements about guaranteed renewable health insurance policy is correct? - Premiums normally increase at the time of renewal. The issuer must provide a perspective buyer with an? - Buyers guide and policy summary T would like to be assured $10,000 is available in 10 years to replace a roof on his house. What kind of $10,000 policy should T purchase? - Ten-year Endowment According to the time payment of claims provision, the insurer must pay disability income benefits...