life only
all of the following are the responsibilities of every long-term care insurer in california except
provide enough business to solicit long-term care insurance
the insured ordered a $100,000 life insurance policy with a triple indemnity rider for accidental that was killed in a car accident it was determined that the accident was his fault the triple indemnity rider in the policy specifies that the death must not be contributed to by the insured in any manner in case what will the policy beneficiary receive
$100,000
all of the following topics may be included in the continuing education requirement for long-term care insurance except
sales techniques and overcoming client objectives in the purchase of long-term care insurance
an insured purchased a 15-year termlife insurance policy with a face amount of $100,000 the policy contained an accidental death rider offering a double indemnity benefit the insured was severely injured in an auto accident and after 10 weeks of hospitalization died from the injuries what amount would his beneficiary receive as a settlement
$200,00 send his fatal injuries were caused by an accident and he died within the 90-day benefit limit stipulated in most policies
Guaranteed Insurability Rider
Allows insured to purchas additional amounts of disability income insurance at future dates - future dates are policy anniversary dates -added coverage can be attained but must prove income increase - AKA Additional Purchase or Future Increase Option
cost of living rider
annually adjust policies face value in accordance with the national rate of inflation and deflation they try to adjust the face amount of the policy to correspond with the rate of inflation in order to keep the initial value of the policy constant over time
a long stretch of national economic hardship causes a 7% rate of inflation a policyowner notices that the face value of her life insurance policy has been re 7% as a result which policy writer cost this change
cost of living rider
which of the following statements is true concerning the accidental death rider
it will pay double or triple the face amount
the rider in a whole life policy that allows the company to forgo collecting the premium in the insured is disabled is called
wavier of premium
if a policy allows the policyowner to make periodic additions to the face amount as standard rates without proving insurability policy includes a
Guaranteed insurability rider
a rider that may be attached to a life insurance policy that will adjust the face amount based upon a specific index such as the consumer Price Index is called
cost of living rider
all of the following are features and requirements of the living needs Rider except
diagnosis must indicate that that is expected within three years
an individual is purchasing a permanent life insurance policy with a face value of $25,000 while this is all the insurance that he can't afford at this time he wants to be sure that additional coverage will be available in the future which of the following options should be included in the policy?
guaranteed insurability option
after a back injury and insured is disabled for year his insurance policy carries a disability income benefit Rider which of the following benefits will he receive
monthly premium waiver and monthly income