Loma 281 Study guides, Class notes & Summaries

LOMA 281 Term Life Insurance Module Exam || Questions & Answers (Graded A)LOMA 281 Term Life Insurance Module Exam || Questions & Answers (Graded A)LOMA 281 Term Life Insurance Module Exam || Questions & Answers (Graded A)

LOMA 281 Module 2 Exam (2023/24) || All Questions & Answers (Rated A+) LOMA 281 Module 2 Exam (2023/24) || All Questions & Answers (Rated A+) Which type of whole life insurance policy will best be able to give Arabella lifetime protection without straining her retirement income? Single-premium whole life policy Limited-payment whole life policy Continuous-premium whole life policy - ANSWER - B Financial needs life insurance can meet - ANSWER - - paying household expenses - covering ...

LOMA 281 Module 2 with Complete Solutions Which type of whole life insurance policy will best be able to give Arabella lifetime protection without straining her retirement income? Single-premium whole life policy Limited-payment whole life policy Continuous-premium whole life policy - Answer-B Financial needs life insurance can meet - Answer-- paying household expenses - covering outstanding debts - Paying outstanding medical, hospital, and funeral expenses, - providing financial sup...

LOMA 281: Meeting Customer Needs with Insurance Annuities Test || Questions & Answers (100% Verified) LOMA 281: Meeting Customer Needs with Insurance Annuities Test || Questions & Answers (100% Verified) Assume you're applying for a life insurance policy. During his presentation, the insurance agent makes the following statements. Are they all true? (Select all that apply.) a. People buy insurance to reduce the financial risk they face but not every type of risk is insurable. b. both ...

LOMA 281 Module 4 Exam () || Questions & Answers (Graded A)LOMA 281 Module 4 Exam () || Questions & Answers (Graded A)LOMA 281 Module 4 Exam () || Questions & Answers (Graded A)LOMA 281 Module 4 Exam () || Questions & Answers (Graded A)

Group Insurance - A method of providing life or health insurance coverage for a group of people under one insurance contract. commonly provide: - life insurance, medical expense insurance, disability insurance, and dental insurance coverage Master group insurance contract - An insurance contract that insures a number of people. Group insured - An individual covered by a group insurance policy. Group policyholder - The person or organization that decides what types of group insurance ...

LOMA 281 Module 4 Questions with Correct Answers Group Insurance - Answer-A method of providing life or health insurance coverage for a group of people under one insurance contract. commonly provide: - life insurance, medical expense insurance, disability insurance, and dental insurance coverage Master group insurance contract - Answer-An insurance contract that insures a number of people. Group insured - Answer-An individual covered by a group insurance policy. Group policyholder - ...

LOMA 281 Exam Questions with Correct Answers waiver of premium for payor benefit - Answer-insurer waives renewal premiums if the policy owner, rather than the insured, dies or becomes totally disabled (must provide evidence of insurability) Contracts of Indemnity - Answer-base benefits on the actual amount of the financial loss that results from a covered event when it occurs, subject to maximum limits (other than life insurance) Valued Contract - Answer-life insurance policies which st...

LOMA 281 Module 3 Exam 2024 || Questions & Answers 100% VerifiedLOMA 281 Module 3 Exam 2024 || Questions & Answers 100% VerifiedLOMA 281 Module 3 Exam 2024 || Questions & Answers 100% VerifiedLOMA 281 Module 3 Exam 2024 || Questions & Answers 100% Verifiedv

LOMA 281 Practice Test with Complete Solutions Pure risk - Answer-Risks that involve either a loss or no loss Speculative risk - Answer-Risk that can result in a loss, gain or no change Insurance - Answer-A method for transferring risk from an individual to an insurance company Premium - Answer-The amount that the insured pays in exchange for a promise of money Risk pooling - Answer-Insurers collect premiums from all insured people and spread the cost of the relatively few anticipated...