If an insured's age on a life insurance policy has been misstated, what is the insurers
liability if the insured dies:
-no death benefit is owed because of the misstatement of age
-the full original death benefit listed on the policy
-a prorated death benefit based on the amount of insurance the insured's premiums
would have been if purchased at the correct age
-the original death benefit listed on the policy minus any outstanding loans and
interest
Give this one a try later!
, A prorated death benefit based on the amount of insurance the insured's
premiums would have been if purchased at the correct age
Which of these is considered to be a document that describes the critical segments of
a life insurance policy:
-Buyer's Guide
-Policy Summary
-consumer report
-buyer's summary
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Policy Summary
One of the most important considerations when replacing health insurance would be
the:
-age of the insured
-exclusions on a new policy
-occupation of the insured
-cost
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Exclusions on a new policy
All of the following riders can increase the death benefit amount except:
-Cost of Living
-Waiver of Premium
-Accidental Death Rider
-Guaranteed Insurability Rider
,Give this one a try later!
Waiver of Premium
Joanne has a $100,000 whole life policy with an accumulated $25,000 cash value. She
would like to borrow $15,000 against the cash value. Which of the following
statements is true:
-net death benefit will be reduced if the loan is not repaid
-no interest will be charged on the loan balance
-term life policies are the only type of insurance that allows policy loans
-a long can be taken out for up to the face amount of the policy
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The net death benefit will be reduced if the loan is not repaid
A group Disability Income plan that pays tax-free benefits to covered employees is
considered:
-non-contributory
-partially contributory
-group contributory
-fully contributory
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Fully contributory
The free-look provision gives the policyowner:
-the right to return the policy for a partial refund within a specified number of days
, -the right to contest the terms of the policy
-the right to change a policy provision
-the right to return the policy for a full refund within a specified number of days
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The right to return the policy for a full refund within a specified number of
days
How long is the Contestable Period for health insurance policies sold in New Jersey:
-2 years
-3 years
-4 years
-5 years
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2 years
Replacement forms must be kept on file by the agent for a minimum of how many
years:
-1
-3
-5
-7
Give this one a try later!
5 years
liability if the insured dies:
-no death benefit is owed because of the misstatement of age
-the full original death benefit listed on the policy
-a prorated death benefit based on the amount of insurance the insured's premiums
would have been if purchased at the correct age
-the original death benefit listed on the policy minus any outstanding loans and
interest
Give this one a try later!
, A prorated death benefit based on the amount of insurance the insured's
premiums would have been if purchased at the correct age
Which of these is considered to be a document that describes the critical segments of
a life insurance policy:
-Buyer's Guide
-Policy Summary
-consumer report
-buyer's summary
Give this one a try later!
Policy Summary
One of the most important considerations when replacing health insurance would be
the:
-age of the insured
-exclusions on a new policy
-occupation of the insured
-cost
Give this one a try later!
Exclusions on a new policy
All of the following riders can increase the death benefit amount except:
-Cost of Living
-Waiver of Premium
-Accidental Death Rider
-Guaranteed Insurability Rider
,Give this one a try later!
Waiver of Premium
Joanne has a $100,000 whole life policy with an accumulated $25,000 cash value. She
would like to borrow $15,000 against the cash value. Which of the following
statements is true:
-net death benefit will be reduced if the loan is not repaid
-no interest will be charged on the loan balance
-term life policies are the only type of insurance that allows policy loans
-a long can be taken out for up to the face amount of the policy
Give this one a try later!
The net death benefit will be reduced if the loan is not repaid
A group Disability Income plan that pays tax-free benefits to covered employees is
considered:
-non-contributory
-partially contributory
-group contributory
-fully contributory
Give this one a try later!
Fully contributory
The free-look provision gives the policyowner:
-the right to return the policy for a partial refund within a specified number of days
, -the right to contest the terms of the policy
-the right to change a policy provision
-the right to return the policy for a full refund within a specified number of days
Give this one a try later!
The right to return the policy for a full refund within a specified number of
days
How long is the Contestable Period for health insurance policies sold in New Jersey:
-2 years
-3 years
-4 years
-5 years
Give this one a try later!
2 years
Replacement forms must be kept on file by the agent for a minimum of how many
years:
-1
-3
-5
-7
Give this one a try later!
5 years
