age 1 of 95
NEVADA Timeshare FINAL EXAM STUDY GUIDE
2025/2026 COMPLETE QUESTIONS WITH VERIFIED
CORRECT SOLUTIONS || 100% GUARANTEED PASS
<RECENT VERSION>
what is the purpose of the time of payment and claims provision?
.....Answer.......prevents delayed claim payments made by the
insurer
When is the face amount paid under a Joint Life and Survivor
policy? .....Answer.......upon death of the last insured
Waiver of Premium .....Answer.......Continuation of life insurance
coverage if the insured becomes totally disabled and is unable
to pay the premiums.
,age 2 of 95
Policy Loan Provision .....Answer.......Describes the conditions by
which a policyowner can borrow from the policy's cash value.
all of the statements about equity indexed life insurance are
correct accept: .....Answer.......premiums can be lowered, or
raised based on investment performances
Coordination of Benefits (COB) .....Answer.......avoid duplications
of benefits paid.
what is considered a valid reason for small businesses to ensure
the lives of its major share holders are: . ...Answer.......fund a buy
sell agreement..
How are surrender charges deducted in a life policy with a
rear-end loaded provision? .....Answer.......deducted when a
policy is discontinued.
,age 3 of 95
consumer reports requested by an underwriter during an
application process of life insurance policy can be determined to
tell: .....Answer.......probability of making timely premium
payments.
understated her age .....Answer.......reduced amount
life insurance arrangement that circumvents insurable interest
statues: .....Answer.......investigator-originated life insurance.
How are Roth IRA distributions normally taxed?
.....Answer.......Distributions are received tax-free
group term life policy that enables an individual to leave there
group and continue insurance w/ providing evidence of
insurability .....Answer.......conversion privilege
, age 4 of 95
which of the following is a standard provision of conversion
privileges in a group life policy .....Answer.......group life policy
can be converted to an individual policy at a regular rates on
an attained age-basis
the COBRA (Consolidated Omnibus Budget Reconciliation Act)
gives workers and their families whose employment has been
terminated the right to: .....Answer.......continue group health
benefits.
Insuring Clause .....Answer.......A general statement that identifies
the basic agreement between the insurance company and the
insured, usually located on the first page of the policy. defines
the payment amount outline
which of this is an example of a nonforfeiture option
.....Answer.......life income
NEVADA Timeshare FINAL EXAM STUDY GUIDE
2025/2026 COMPLETE QUESTIONS WITH VERIFIED
CORRECT SOLUTIONS || 100% GUARANTEED PASS
<RECENT VERSION>
what is the purpose of the time of payment and claims provision?
.....Answer.......prevents delayed claim payments made by the
insurer
When is the face amount paid under a Joint Life and Survivor
policy? .....Answer.......upon death of the last insured
Waiver of Premium .....Answer.......Continuation of life insurance
coverage if the insured becomes totally disabled and is unable
to pay the premiums.
,age 2 of 95
Policy Loan Provision .....Answer.......Describes the conditions by
which a policyowner can borrow from the policy's cash value.
all of the statements about equity indexed life insurance are
correct accept: .....Answer.......premiums can be lowered, or
raised based on investment performances
Coordination of Benefits (COB) .....Answer.......avoid duplications
of benefits paid.
what is considered a valid reason for small businesses to ensure
the lives of its major share holders are: . ...Answer.......fund a buy
sell agreement..
How are surrender charges deducted in a life policy with a
rear-end loaded provision? .....Answer.......deducted when a
policy is discontinued.
,age 3 of 95
consumer reports requested by an underwriter during an
application process of life insurance policy can be determined to
tell: .....Answer.......probability of making timely premium
payments.
understated her age .....Answer.......reduced amount
life insurance arrangement that circumvents insurable interest
statues: .....Answer.......investigator-originated life insurance.
How are Roth IRA distributions normally taxed?
.....Answer.......Distributions are received tax-free
group term life policy that enables an individual to leave there
group and continue insurance w/ providing evidence of
insurability .....Answer.......conversion privilege
, age 4 of 95
which of the following is a standard provision of conversion
privileges in a group life policy .....Answer.......group life policy
can be converted to an individual policy at a regular rates on
an attained age-basis
the COBRA (Consolidated Omnibus Budget Reconciliation Act)
gives workers and their families whose employment has been
terminated the right to: .....Answer.......continue group health
benefits.
Insuring Clause .....Answer.......A general statement that identifies
the basic agreement between the insurance company and the
insured, usually located on the first page of the policy. defines
the payment amount outline
which of this is an example of a nonforfeiture option
.....Answer.......life income
