CISR LIFE & HEALTH (Latest 2024) Questions With Complete Grade A+ Answers

CISR LIFE & HEALTH 1. The first step in understanding the elements of a life insurance contract is being able to: A. describe the personal and specific reasons people purchase life insurance B. describe the different parties to a life insurance contract and their relationship: Answer B) describe the different parties to a life insurance contract and their relationship 2. A policy owner has the power to: A. Name one or more beneficiaries B. Change the policy C. Select dividend options D. Change ownership of a policy with an absolute assignment of benefits in place: Answer A) Name one or more beneficiaries D) Change ownership of a policy with an absolute assignment of benefits in place 3. Truth or False: Risk is assessed on both medical and non-medical considerations: Answer True 4. Why do clients give written permission to an insurance professional to obtain personal medical information from medical providers? A. Insurance companies require it for their own protection B. The federal government requires it: Answer B) The federal government requires it 5. Select the term that completes the sentence correctly. A(n) beneficiary cannot be removed from a life insurance policy without the consent of the beneficiary. A. revocable B. irrevocable: Answer B) irrevocable 6. Select all that apply. People buy life insurance for various reasons, including: A. as a requirement for receiving a bank loan B. as an incentive for attracting and keeping talented employees C. as a court -imposed requirement D. personal and emotional reasons: Answer A) as a requirement for receiving a bank loan B) as an incentive for attracting and keeping talented employees C) as a court -imposed requirement D) personal and emotional reasons 7. Select the term that completes the sentence correctly. The agreement between the insurer and the applicant that can provide temporary life insurance coverage until the insurer has issued a policy is called the: A. Attending Physician Statement (APS) B. Conditional Receipt C. Survivorship Clause: Answer B) Conditional Receipt 8. Questions on an application for life insurance address which issues? Select all that apply. A. past occupations B. current occupations C. past medical history D. current medical history E. hobbies and sport participation F. past address G. present address: Answer B) current occupations C) past medical history