Alabama Life Insurance 2024 exam with 100% correct answers

Dividend options are defined as ways in which the policy owner can: correct answersreceives dividends paid on any stock held A life insurance company may pay a death claim for less than the face amount of a policy under which of the following conditions? correct answersAll of the above Which policy will have immediate cash? correct answerssingle premium The process of underwriting primarily involves what two key steps? correct answersrisk selection and pricing Sherwood has no valid will but has named his estate as the beneficiary of his life insurance policy. As a result, he can expect that the policy proceeds correct answersare distributed according to state law the disability income rider of a life insurance policy normally correct answersall of the above Oliver has a life insurance policy with a $50,000 death benefit. At his death, there is a $5000 policy loan outstanding. Which of the following statement is CORRECT? correct answersthe insurer will subtract the amount of the loan and pay $45,000 to the beneficiary. which statement is correct? correct answersConcealment is the withholding of information that should have been provided to an insurer all of the following are requirements to receive an Alabama insurance producer license EXCEPT: correct answersAn applicant must have a diploma from an approved college or university You can withdraw money from an annuity without penalty(assuming no surrender penalty) beginning at what age? correct answers59.5 years of age