A.D. Banker Final Exam
, Which of the following Adjusting the face amount up on a Universal Life insurance policy
situations will require proof with Option A death benefit selected
of insurability?
Sean has a home with an Decreasing Term Rider
mortgage. He needs life
insurance to protect his
family but also wants to
leave them without a
mortgage payment if he dies.
Ideally which of the following
riders should he acquire?
What rider is designed to Cost of Living
help the insured offset the
effects of future inflation on
the policy's face amount?
A good example of Risk When one takes action to minimize the severity of a potential loss
Reduction might be:
In an insurance contract Consideration
the value that each party
gives the other is said to be
the:
When an applicant does Preferred status and pay a lower premium
not smoke, exercises
regularly, seldom drinks, and
eats moderately and is
considered to be an above-
average risk, they would
likely qualify for:
A group plan is designed to Creditors
insure all of the following,
except:
Which of the following is Family member's age and cause of death
included in Part II of a Life
Insurance Application?
All of the following policies Joint Survivorship
end when an insured dies,
except:
Money accumulated in a Cash Value
permanent policy that the
policyowner may borrow
via a policy loan or receive
if the policy is surrendered,
refers to:
The owner of a Variable Separate Account
Life Policy may allocate the
premium into a sub-account
which is owned by the
insurer, this sub- account is a
part of what is also known as
the:
, Which of the following Adjusting the face amount up on a Universal Life insurance policy
situations will require proof with Option A death benefit selected
of insurability?
Sean has a home with an Decreasing Term Rider
mortgage. He needs life
insurance to protect his
family but also wants to
leave them without a
mortgage payment if he dies.
Ideally which of the following
riders should he acquire?
What rider is designed to Cost of Living
help the insured offset the
effects of future inflation on
the policy's face amount?
A good example of Risk When one takes action to minimize the severity of a potential loss
Reduction might be:
In an insurance contract Consideration
the value that each party
gives the other is said to be
the:
When an applicant does Preferred status and pay a lower premium
not smoke, exercises
regularly, seldom drinks, and
eats moderately and is
considered to be an above-
average risk, they would
likely qualify for:
A group plan is designed to Creditors
insure all of the following,
except:
Which of the following is Family member's age and cause of death
included in Part II of a Life
Insurance Application?
All of the following policies Joint Survivorship
end when an insured dies,
except:
Money accumulated in a Cash Value
permanent policy that the
policyowner may borrow
via a policy loan or receive
if the policy is surrendered,
refers to:
The owner of a Variable Separate Account
Life Policy may allocate the
premium into a sub-account
which is owned by the
insurer, this sub- account is a
part of what is also known as
the:
