Life insurance exam prep types of policies and

Which of the following is an example of a limited pay life policy

Life paid up at age 65

What type of policy does not pay dividends

Nonparticipating policy

What does level referred to in level term insurance

Face amount

The mode of premium payment

It's defined as the frequency and the amount of premium payment

Policy policy owner of a life insurance company which will increase significantly in the face amount that benefit when the insured reaches an age specified in the policy this is referred to as a

Jumping juvenile policy

A policy will pay definitely to be sure if you guys are in the 20 your premium pay in. Nothing of hers after the 20 year. What type of policy is this

Level term

Bill just bought a new car he anticipates it will be paid off in four years from now he also wants to buy a life insurance policy but he will be limited until the car is paid off which of the following types of policies would bill need

Modified life

A young father would like life insurance policy to provide coverage for all five family members at the lowest cost which type of policy will be most likely by

Level term

The following are pictures of an indexed Universal life except

Of this product requires a security license

A person has a major medical policy with a $500 deductible and an 8020 coinsurance L is a hospitalized and sustains $2500 loss what is the maximum amount else will have to pay

$900 deductible +20% of the bill after deductible 20% of $2000 so they're taking the 500 off the top 20% so there you go

Policy which pays monthly income upon the death of a breadwinner for a predetermined number of years after the death plus a lump sum a death combines level term with whole life is not as what type of policy

Family maintenance

A young father would like life insurance policy to provide coverage for all five family members at a low cost which type of policy would most likely by

Family protection policy

Which of the following writer does not cause the death but if it to increase

Pay your benefit rider

Which of the following allow scene sure to relieve a minor insured for me premium payments if the minors parents have died or become disabled

Payer benefit

Following writers would not cause death benefits to increase

Payer benefit rider

Which is true in regards to the illumination. And cost of coverage

The longer the elimination. The lower the cost of coverage

Which of the following might be considered an advantage of a family life insurance policy that provides coverage for children

The policy may be converted into a permanent insurance for the children without proof of insurability

What is the purpose of an annuity writer

To allow investors to obtain additional benefit

When a group health insurance plan is terminated how long is the extension of the benefit provided to the totally disabled employee or dependent

12 months

Ray has an individual major medical policy that requires a coinsurance payment rate rarely visit the physician and brother piccolos premier possible which type of coinsurance would be best for Ray

5050

Onto health insurance how many eligible employees must be included in a contributory plan

75%

A policy that does not pay dividends to the policy owner

A nonparticipating policy

A universal life insurance policy best described as

And annually renewable term policy with cash value account

Which of the following would not be true regarding $100,000 level term policy

At the end of 20 years the policy Will equal $100,000

A long stretch of national economic hardship causes a 7% inflation Evon notices that the face value of her insurance policy has race ever present as a result what is the name of the provision that causes the

Cost-of-living rider

What's the following is not true regarding basic surgical expense coverage

Coverage is limited

The definite fit in a variable universal life policy

Depends on the performance of a separate account

Which of the following annuity writers pictures that the owner will receive an annuity at least the amount paid for the annuity

Guaranteed income withdraw

Which of the following annuity writers that the owner will receive an annuity at least the amount paid for the annuity

Guaranteed lifetime withdrawal

Which of the following would be right in church that will appreciate overtime

Guaranteed minimum accumulation

Which of the following two directors insurance investors will receive a set amount of income

Guaranteed minimum accumulation benefit

Which of the following annuity writers ensures investors will receive a set amount of income annually

Guaranteed minimum income benefit

All of the following are true regarding decreasing term policies except

Hey payable premium amount steadily declined throughout the duration of the contract

A father purchases a life insurance policy in his teenage daughter and adds a pay your benefit rider and which of the following scenarios will the writer waive the

If the father is disabled for more than six months

And a variable whole life policy where are the premiums allocated

In a separate account

What are the two components of the universal life policy

Insurance and cash account

The mode of premium payment

Is defined as the frequency and the amount of the premium payment

Which of the following best describes annually renewable term insurance

It is a level term insurance

Which of the following best describes a guaranteed minimum accumulation annuities

It is original investment is secured will appreciate overtime

Which of the following she's a true of participating life insurance policy

It may pay dividends to policy owners

Which of the following statements best describes the effect fix already benefit provision would have on the benefits paid to the beneficiary

It would decrease the benefits paid to the beneficiary The reason for this is that they're taking a portion of the insurance benefit to handle expenses of a terminally ill person that's reducing the face value

Bill just bought a new car which anticipates will be paid in four years from now he also wants to buy life insurance policy but is financially limited until the car is paid off which of the following types of policies would be best for Bill

Modified life

Which of the following writers would not cause the death benefit to increase

Payor benefit rider

Which of the following features of a variable life policy may be fixed

Premium premium will be fixed

A man decided to purchase $100,000 annually renewable term policy life policy to provide additional protection and tell his children finish college he discovered that his policy

Required a premium increase each renewal

Which of the following is not true regarding a variable life policy

The death benefit is fixed

What is the purpose of establishing a target premium in a universal life policy

To keep the policy in force

Which of the following is not the purpose of HIPPA

To provide immediate coverage to do employees who had been previously covered for 18 months H I PPA does not provide employers or providers for waiting periods are pre-existing condition exclusion in which case covered no employees would not be immediate

A life insurance policy skipped her premium payment but the policy does not lapse instead the premium amount is deducted from the cash value of the policy what type of policy is this

Universal life

All of the following are true regarding the convertibility option under a term life insurance policy except

Upon conversion the definite fit of the permanent policy will be reduced by 50%