wrong answer 3

According to the Entire Contract provision, a policy must contain

A copy of the original application for insurance

What descibes the specific information about a policy

policy summary

Childrens riders attached to whole life policies are usually issued at what type of insurance

term

Nonforfeiture values guarantee which of the following for a policyower

that the cash value will not be lost

all of the following are characteristics of a universal life policy Except

the planned premium pays for mortality charges and expenses and any excess is returned to the policyower

if a consumer requests additional information concerning an investigative consumer report, how long does the insurer or reporting agency have to comply

3 days

Which type of life insurance policy allows the policyowner to pay more or less than the planned premium

Universal life

When is the earliest a policy may go into effect

When the application is signed and a check is given to the agent

An individual borrowed money at the bank to send his daughter to college. Instead of purchasing Credit life insurance, he used an existing life insurance policy to secure the debt. This would be called a

collateral assignment

Which of the following is the closet term to an authorized insurer

Admitted

While of the following would be deducted from the death benefit paid to a beneficiary, if a partial accelerated death benefit had been paid while the insured was still alive

Amount paid with teh accelerated benefit, plus the earnigns lost by the insurance company in interest income from teh accelerated benefit

Which nonforfeiture option has the highest amount of insurance protection

Extended term

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

Life paid up at age 65

an insured has a life insurance policy that requires him to only pay premiums for a spcified number of years until the policy is paid up. What kind of policy is it

Limited-pay life

Life income joint and survivor settlement option guarantees

Income for 2 or more recipients until they die

Vaiable lfie insurance is based on what kinds premium

Level fixed