State Farm Correct Questions & Answers!!

Absolute Assignment - ANSWER Policy assignment when assignee receives full control over the policy and full rights to its benefits. Accelerated benefits rider - ANSWER Life insurance rider that allow for early payment of some portion of policy's face amount, should the insured suffer from terminal illness/injury. adhesion - ANSWER Contract must be accepted by the insured exactly as it is written by the insurer. Terms of contract cannot be negotiated. Contract is offered on a take it or leave it basis. admitted insurer - ANSWER An insurance company that has been approved to operate within a given jurisdiction. accidental death benefit rider - ANSWER Life insurance policy rider providing for payment of an additional benefit when death occurs by accidental means. adjustable life - ANSWER Policy allows the policymaker to adjust the policy's face amount, premium, and type of protection without having to complete a new application or any additional underwriting.