LIFE INSURANCE

Idaho Life Insurance Exam Complete Questions with 100% correct Answers Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance An insurance policy that provides payment if the insured's death is the res...

Life insurance state exam Complete Questions with 100% Correct Answers does the application of contract adhesion mean? Since the insured doesn't participate in preparing the contract, and ambiguities would be resolved in favor of the insured. which of the following is not an allowable reason for policy cancellation prior to expiration date? Any misrepresentation by the insured The maximum annual billing for any insurer cannot exceed what percentage of net premiums earned? 1% What is eff...

Idaho Life Insurance ExamComplete Questions with 100% Correct Answers Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance An insurance policy that provides payment if the insured's death is the resu...

LIFE INSURANCE PRACTICE EXAM QUESTIONS AND CORRECT ANSWERS Insurable Receipt The reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations Statements in the application for insurance that are believed to be true to the best of the applicants knowledge are Provide the annuitant with an interest rate that is lesser of the guaranteed or current rate An annuity is considered fixed when it does all of the f...

Life Insurance Exam-Illinois 150 Questions With 100% Correct Answers 2024 Passed.

LIFE INSURANCE PRACTICE EXAM QUESTIONS AND CORRECT ANSWERS Insurable Receipt The reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations Statements in the application for insurance that are believed to be true to the best of the applicants knowledge are Provide the annuitant with an interest rate that is lesser of the guaranteed or current rate An annuity is considered fixed when it does all of the...

LIFE INSURANCE PRACTICE EXAM QUESTIONS AND CORRECT ANSWERS Insurable Receipt The reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations Statements in the application for insurance that are believed to be true to the best of the applicants knowledge are Provide the annuitant with an interest rate that is lesser of the guaranteed or current rate An annuity is considered fixed when it does all of the...

LIFE INSURANCE PRACTICE EXAM QUESTIONS AND CORRECT ANSWERS Insurable Receipt The reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations Statements in the application for insurance that are believed to be true to the best of the applicants knowledge are Provide the annuitant with an interest rate that is lesser of the guaranteed or current rate An annuity is considered fixed when it does all of the f...

When can a policy owner change a revocable beneficiary? Anytime M purchased an Accidental Death and Dismemberment (AD&D) policy and named his son as beneficiary. M has the right to change the beneficiary designation at anytime. What type of beneficiary is his son? Revocable How would a contingent beneficiary receive the policy proceeds in an Accidental Death and Dismemberment (AD&D) policy? If the primary beneficiary dies before the insured What is the underlying concept regarding level pr...

CONTENTS Chapter no. Title Page no SECTION 1 COMMON CHAPTERS 1 Introduction to Insurance 3 2 Customer Service 8 3 Grievance Redressal Mechanism 13 4 Regulatory aspects of Insurance Agents 17 5 Legal Principle of an Insurance Contract 19 SECTION 2 LIFE INSURANCE 6 What Life Insurance Involves 23 7 Financial Planning 26 8 Life Insurance Products – I 30 9 Life Insurance Products – II 34 10 Applications of Life Insurance 38 11 Pricing and Valuation in Life Insurance 42 12 Docume...