Mississippi Life and Health Insurance 276 Questions with verified Answers Graded A+

Mississippi Life and Health Insurance 276 Questions with verified Answers Graded A+ Absolute assignment - Correct Answer -Policy assignment under which the assignee (person to whom the policy is assigned) receives full control over the policy and also full rights to its benefits. Generally, when a policy is assigned to secure a debt, the owner retains all rights in the policy in excess of the debt, even though the assignment is absolute in form. (See assignment) Accelerated benefits rider - Correct Answer -A life insurance rider that allows for the early payment of some portion of the policies face amount should the insured suffers from a terminal i l l n e s s or injury. Acceptance - Correct Answer -(See offer and acceptance) Accidental bodily injury provision - Correct Answer -Disability income or accident policy provision that requires that the injury be accidental in order for benefits to be payable.