Life insurance
Who is a third-party owner?
A policyowner who is not the insured
In a survivorship life policy, when does the insurer pay the death benefit?
Upon the last death
Variable Universal Life
Which of the following life insurance policies allows a policyowner to take out a loan from the policy's cash value?
Discrimination
the company charged him a higher rate for his insurance. This practice is considered
feature of variable annuity
Benefit payment amounts are not guaranteed.
When the insured selects the extended term nonforfeiture option, the cash value will be used to purchase term insurance with what face amount?
Equal to the original policy for as long as the cash values will purchase.
Key Person Life Insurance policy
The employer is the owner and beneficiary.
Which of the following statements is TRUE concerning the Accidental Death Rider?
It will pay double or triple the face amount.
Which of the following is an example of a producer's fiduciary duty?
The trust that a client places in the producer in regard to handling premiums.
continuing education requirements in this state Except
Producers may repeat the same courses to meet the required CE hours for a licensing period.
Which of the following is called a "second-to-die" policy?
Survivorship life