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Web.Ce With Questions And 100% Correct Life Insurace Answers
2025 Latest Edition.
Terms in this set (210)
Life Insurance Exam (WI) a fine of up to $1,000
Flashcards | Quizlet
Kate bought a universal life $150,000
policy with a
$200,000 death benefit and
chose death benefit option 1.
In year five of the policy, she
withdrew $50,000 from the
policy's cash value. If she dies
after withdrawing the
$50,000, what will her
beneficiary receive?
An insurer sends a premium estoppel
statement to a former
policyowner. However, the
policy has lapsed for non-
payment of premiums.
Believing that the policy is
still in effect, the policyowner
pays the premium, which the
insurer accepts. The insured
then suffers a loss and
makes a claim on the policy.
What legal doctrine
prevents the insurer from
denying the claim?
All the following are factors the applicant's economic value
in determining an
individual's life insurance
needs using the needs
approach EXCEPT:
Which of the following is not the fact that premiums will vary
,required to be included in a
variable contract?
, Pierre retires early and fixed period payout
purchases an annuity. He
wants his payout to begin
immediately and last only
for the next 15 years, at
which time his pension will
begin.
Which of the following
annuity options best suits
Pierre's wish?
Juanita notified her agent The insurer is considered to have received notice of cancelation.
that she wished to
immediately cancel her
policy but did not notify the
insurer. Which statement is
true?
Alpha Insurers paid Mary Alpha paid the claim in a timely
Jane's insurance claim 25 manner. (within 30 days)
days after receiving proof of
loss. Which statement is
true?
Increasing term insurance is The premium stays level while the death benefit increases.
characterized by which of
the following?
ABC Life Insurance has been exclude members based on their risk profile
chosen to
underwrite group life
insurance for the Big State
Alumni Association. In
underwriting the risk posed
by the group, ABC can
perform all of the following
EXCEPT:
At age 49, Caleb took a a penalty tax of $900
$20,000 distribution from
his deferred annuity, of
which $9,000 represents
Web.Ce With Questions And 100% Correct Life Insurace Answers
2025 Latest Edition.
Terms in this set (210)
Life Insurance Exam (WI) a fine of up to $1,000
Flashcards | Quizlet
Kate bought a universal life $150,000
policy with a
$200,000 death benefit and
chose death benefit option 1.
In year five of the policy, she
withdrew $50,000 from the
policy's cash value. If she dies
after withdrawing the
$50,000, what will her
beneficiary receive?
An insurer sends a premium estoppel
statement to a former
policyowner. However, the
policy has lapsed for non-
payment of premiums.
Believing that the policy is
still in effect, the policyowner
pays the premium, which the
insurer accepts. The insured
then suffers a loss and
makes a claim on the policy.
What legal doctrine
prevents the insurer from
denying the claim?
All the following are factors the applicant's economic value
in determining an
individual's life insurance
needs using the needs
approach EXCEPT:
Which of the following is not the fact that premiums will vary
,required to be included in a
variable contract?
, Pierre retires early and fixed period payout
purchases an annuity. He
wants his payout to begin
immediately and last only
for the next 15 years, at
which time his pension will
begin.
Which of the following
annuity options best suits
Pierre's wish?
Juanita notified her agent The insurer is considered to have received notice of cancelation.
that she wished to
immediately cancel her
policy but did not notify the
insurer. Which statement is
true?
Alpha Insurers paid Mary Alpha paid the claim in a timely
Jane's insurance claim 25 manner. (within 30 days)
days after receiving proof of
loss. Which statement is
true?
Increasing term insurance is The premium stays level while the death benefit increases.
characterized by which of
the following?
ABC Life Insurance has been exclude members based on their risk profile
chosen to
underwrite group life
insurance for the Big State
Alumni Association. In
underwriting the risk posed
by the group, ABC can
perform all of the following
EXCEPT:
At age 49, Caleb took a a penalty tax of $900
$20,000 distribution from
his deferred annuity, of
which $9,000 represents
