Insurance Minnesota 90 Exams Prep Questions And Answers

Pay next year's premium in advance - ️️In order to reinstate a life insurance policy the insured must do all of the following EXCEPT: At the insured's age 100 - ️️In whole life insurance, when is the policy cash value scheduled to equal the face amount. Twisting - ️️An agent tells an insured to replace insurance with newer one. What type of misrepresentation is being committed? Disability - ️️Which of the following is NOT a standard exclusion in life insurance policies? Revocable - ️️An individual purchases a life insurance policy and lists as the beneficiaries. He is able to change beneficiaries at any given time, which type is this? The insured - ️️With Adjustable Life, the owner can change all of the following EXCEPT? --Universal Life - ️️Described as a flexible premium adjustable life policy? Misrepresentation - ️️Guaranteeing future dividends is considered to be an unfair or deceptive act know as Peril - ️️An insured's home is destroyed by a fire. In this example, the fire is a The employer is the beneficiary - ️️All of the following are true about group life EXCEPT