Chapter 2
Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!
All of the following are true of key person insurance EXPECT
The plan is funded by permanent insurance only
A producer agent must do all of the following when delivering a new policy to the insured but
disclose commissions earned from the sale of the policy
A key person insurance policy can pay for which of the following?
Costs of training a replacement
Which of the following methods of calculating the amount of life insurance needed takes into account the insureds wages, years until retirement and inflation?
Human life value approach
A producer is helping a married couple determine the financial needs of their children in the event one or both should die prematurely. This is a personal use of life insurance known as
Survivor Protection
