Life & Health

RI Pre-Licensing Life & Health Insurance ACTUAL QUESTIONS AND CORRECT ANSWERS In the event that an insured's premium is not paid by the due date, the result will be... - CORRECT ANSWERSCoverage will continue for not more than a maximum of 31 days, beyond which time the policy will lapse A Medicare Supplement policy may be cancelled for which of the following reasons? - CORRECT ANSWERSThe insured fails to pay the premium Which type of insurance company allows their policy owner...

Alabama Life & Health Insurance Exam ACTUAL QUESTIONS AND CORRECT ANSWERS Term Insurance - Correct answersTemporary protection because it only provides coverage for a specific period of time. Also known as pure life insurance Term insurance provides what is known as _________________ - Correct answerspure death protection Term insurance provides the greatest amount of coverage for the _______________ - Correct answerslowest premium Term insurance has no ____________ - Correc...

Alabama Life & Health Insurance Exam ACTUAL QUESTIONS AND CORRECT ANSWERS Which of the following would be considered a speculative risk? - Correct answersThe possibility the painting you bought might be a long-lost masterpiece A speculative risk is one in which there is a chance for either loss or gain. Example: Gambling, Casino's, Lottery, etc. All of the other choices describe pure risk, where there is no chance of gain, only a chance of loss exists. Which is the proper te...