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Nevada Life, Accident, Health Insurance Exam Practice Questions and answers latest update

Nevada Life, Accident, Health Insurance Exam Practice Questions and answers latest update

Nevada Life & Health Insurance QUESTIONS AND REVISED CORRECT ANSWERS | UPDATED !! Term insurance - ANSWER : temporary protection because it only provides coverage for a specific period of time Face amount - ANSWER : death benefit 3 basic types of term coverage - ANSWER : level, increasing, decreasing - based on how the face amount changes during the policy term What is the premium in term insurance? - ANSWER : regardless of type of term insurance purchased, premium is level t...

nevada life insurance 100% Verified Questions and Correct Answers 2024

Nevada Life & Health Insurance Exam Questions and Answers 100% Pass term insurance - Answer- temporary protection because it only provides coverage for a specific period of time face amount - Answer- death benefit 3 basic types of term coverage - Answer- level, increasing, decreasing - based on how the face amount changes during the policy term What is the premium in term insurance? - Answer- regardless of type of term insurance purchased, premium is level throughout the term of policy ...

nevada life insurance exam questions and answers 100% correct During replacement of life insurance, a replacing insurer must do which of the following? A Send a copy of the Notice Regarding Replacement to the Department of Insurance B Obtain a list of all life insurance policies that will be replaced C Guarantee a replacement for each existing policy D Designate a new producer for a replaced policy - Answer- B Which of the following documents must be provided to the policyowner or applic...

Nevada Life, Accident, Health Insurance Exam Practice Questions and Answers 100% Pass What are the 2 types of Flexible Spending Accounts? - Answer- Health care accounts and Dependent care accounts Concerning a Whole Life Policy, which of the following statements is correct? - Answer- Cash value is guaranteed According to the rights of renewability rider for cancellable policies, all of the following are correct about the cancellation of an individual insurance policy EXCEPT - Answer- Une...

Nevada Life and Health License Exam Prep Questions with 100% Correct Answers What are the four required elements of an insurance contract? - Answer- Agreement, consideration, competent parties, and legal purpose. What two parts make up a life insurance application? - Answer- General Information and the Medical Information. An agent's report can go in a life insurance application but is not included in the life insurance policy. When must insurable interest exist in life insurance? - Answ...

6. NV - Life Insurance Practice Final Examination Questions and Answers 100% pass Jason is the insured in a $100,000, 10 year renewable term policy. Soon after taking out the policy, he develops a serious heart condition. Which of the following statement is CORRECT? a. Since the condition manifested after the policy was issued, he will not be able to renew his policy. b. Jason will be able to renew his policy c. It will be necessary for Jason to show evidence of insurability in order to ...

Nevada Life Insurance 2024 Exam Questions With 100% Correct!!