Missed question pt 5

Which of the following best describes a rebate ?

A producer returning part of her commission to her client , as an inducement to buy

If an insured dies , and it is discovered that the insured misstated his / her age or gender , the life Insurance company will

Adjust the death benefit to what the premium would have purchased at the actual age or gender

Which of the following types of policies would NOT be subject to Florida regulations on life insurance solicitation ?

Annuities

Which statement below is INCORRECT regarding the type of term insurance that fits best with the applicant's needs ?

Applicants who may require a larger death benefit in the future should buy convertible term Insurance

To purchase Insurance , the policyowner must face the possibility of losing money or something of value in the event of loss . What is this concept called ?

Insurable interest

Dividends received on participating life Insurance policies are

Not taxable because they are a return of unused premlumns

In order to reinstate a life insurance policy the Insured must do all of the following EXCEPT

Pay next year's premium in advance

If a life Insurance company uses HIV testing as a part of its underwriting when must an applicant be notified of the procedure ?

Prior to performance of the test

Which of the following types of insurance products would be appropriate for an individual with a low income and high insurance needs ?

Term insurance

true . All of the following are true about key - person insurance EXCEPT

The death benefit is taxable to the business

Which of the following is required in order for a plan to be qualified ?

The plan must be formally written and communicated to the employees .

All of the following are general requirements of a qualified plan EXCEPT

The plan must be temporary

An agent tells an Insured that if he replaces his current Insurance policy with a newer one , his dividends will be higher and his premiums will be slightly lower . The policy , however , would not offer either one of these things . What type of misrepresentation is being committed ?

Twisting