C Rebating What are the three basic types of term coverage available, based on how the face amount (death benefit) changes during the policy term: Best description of what an annuity period is: Policy which allows the partial withdrawal, or surrender, of the policy cash value. 1 Answer/Comment. A 15 The payments that that annuitant invests into the variable annuity are invested in the insurer's separated account. 1.Reasonable expectations 2.Subrogation 3.Ambiguities in a contract of adhesion 4.Utmost good faith - answerSubrogation There are various optional provision for health policies. The annuity income payments are scheduled to begin after 1 year since the annuity was purchased. D 2 years. Life Insurance Exam Quiz pt. 5 Flashcards - Cram.com When the policyowner specifies a dollar amount in which installments are to be paid, he/she has chosen which settlement option? B. the designee of a licensed insurance producer who enters active duty in the US Armed Forces B Business entity means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity. In this case, what will the policy beneficiary receive? She has decided that she would rather use the dividends to help pay for her next premium. Cash surrender, extended term, reduced paid-up. A producer is helping a married couple determine the financial needs of their children in the event one or both should die prematurely. all of the following would be considered rebating except Which of the following is not a standard mounting dimension for an electric motor? A Deals with insurance outside the scope of the license. Because of this, the company charged him a higher rate for his insurance. As it turns out, the answer to this question depends upon a variety of factors. Correct Answer: A. Question is All of the following species are considered coliforms except, Options are (A) Enterobacter aerogenes , (B) Klebsiella pneumoniae , (C) Salmonella typhi , (D) Escherichia coli , (E) , Leave your comments or Download question paper. A person required to be licensed under the laws of the state to sell, solicit, or negotiate insurance is known as. All other factors being equal, what would the premium be like in a survivorship life policy as compared to the premium in a joint life policy? A Defamation If she decides to do a direct transfer from her plan to a traditional IRA, how much will be transferred from one plan administrator to another and what is the tax consequence of a direct transfer? Whether an insurable interest exists between the individuals, An underwriter may obtain information on an applicant's hobbies, financial status, and habits by ordering a(n). Upon the death of the insured, the primary beneficiary discovers that the insured chose the interest only settlement option. Corporation is the owner and beneficiary of the key person life policy. In the best interests of the client, rebates are allowed. Life Insurance 3 Flashcards | Chegg.com If a licensee does not earn 24 hours of Continuing Education by the license review date, the license will be suspended for up to how many days? B Insurer financial requirements. An insured committed suicide 6 months after his life insurance policy was issued.
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