EXAMFX LIFE AND HEALTH EXAM | update|COMPLETE MOST TESTED QUESTIONS AND VERIFIED ANSWERS (100% Correct solutions)| GET IT RIGHT!! | ALREADY GRADED A+

EXAMFX LIFE AND HEALTH EXAM |
update|COMPLETE MOST TESTED
QUESTIONS AND VERIFIED
ANSWERS (100% Correct solutions)|
GET IT RIGHT!! | ALREADY GRADED
A+

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Terms in this set (100)

,1. What is the 3. $10,000
maximum civil
penalty for
violating the
Superintendent's
cease and desist
order?


(Choose from the
following options)
1. $1,000
2. $5,000
3. $10,000
4. $15,000

,2. Which option is 1. Paid-up additions
being utilized
when the insurer
accumulates
dividends at
interest and then
uses the
accumulated
dividends, plus
interest, and the
policy cash value
to pay the policy
up early?


(Choose from the
following options)
1. Paid-up
additions
2. Dividend
Accumulation
option
3. Paid-up option
4. Accumulation
at Interest

, 3. An insured $50,000
owns a $50,000
whole life policy. The face of the term policy would be
At age 47, the the same as the face amount provided
insured decides under the whole life policy.
to cancel his
policy and
exercise the
extended term
option for the
policy's cash
value, which is
currently $20,000.
What would be
the face amount
of the new term
policy?


(Choose from the
following options)
1. $20,000
2. $25,000
3. $50,000
4. The face
amount will be
determined by
the insurer.