Life insurance 5
How many hours of centimeters would be needed to complete a against Holden a life insurance health properly and casually
24
A licensed agent with the insurer is not completely valid unless the insurer has also appointed. Within how many days from date of........first application must the agent be appointed
30 days
Which of the following statements are incorrect concerning modified endowment contracts
An MEC must pass the 7 day test
Under which of the following conditions would life insurance proceeds be taxable
When it's a transfer of value
Which of the following would be considered a peril
fire
When life insurance proceeds are used to pay inheritance taxes and federal estate taxes it's known as
Estate creation
Which of the following is a correct statement about annuities
Fixed annuities do not provide protection against inflation
A agent Holden which of the following types of license will be required to complete 24 hours of continuing education
Health and casualty
Which of the following is not true of the following is not true of the agents implied authenticity
It is specifically stated in the contract
Which of the following is true regarding pure life annuity settlement option
It provides the highest monthly benefit
Your client wants to provide a retirement income for his elderly parents in case something happens to him. He wants to make sure that both beneficiaries are .... And have income for life
Joint and survivor
Which statement best describe agreement as it relates to insurance contacts
One party accepts the exact terms of the other party's offer
In the case of policy renewal an insurer must issue to the policy holder a disclosure of info practices
Only when such disclosure has not been issue in the last 24 hours
Which risk classification represents of the majority of people in a certain
Standard
Which type of insurance policies pure life insurance protection without a savings element
Term
What happens to the face amount of whole life policy if the insured lives to 100
The face amount is paid to the insured
Life insurance create an immediate estate. Which of the following best explains this state
The face value of the policy is payabke to the beneficiary upon the death of the insured
In life insurance underwriting all of the following are true regarding HIV tasting except
The person may be denied coverage based solely on the person HIV test
