NJ Primerica Simulated Test
What is a branch office? a)An office in this state where the license conducts insurance business, other than a principal office b)The licensee's principal office c)The insurer's principal office in this state d)the insurer's office in another state where nonresident producers conduct business
a)
By how many days does the discontinuance of a group insurance policy reduce the time limit for providing notice of claim or proof of loss? a)0 days b)5 days c)15 days d)30 days
a)0 days
Within how many days of requesting an investigating consumer report must an insurer notify the commissioner in writing that the report will be obtained? a)3 days b)5 days c)10 days d)14 days
a)3 days
Which of the following provides funding for the New Jersey Life and Health Guaranty Association? a)Tax payers b)Fundraising c)Insolvent insurers d)Member insurers
d)Member insurers
Producer's and insurer's actions related to insurance transactions, from selling insurance to processing claims are referred as.. a)Licensee's responsibility b)Agent's authority c)Insurance related conduct d)Producer actions
c)Insurance related conduct
Why is an equity indexed annuity considered to be a fixed annuity? a)It has a fixed rate of return b)It is not tied to an index like the S&P 500 c)It has a guaranteed minimum interest rate d)It has modest investment potential
c)It has a guaranteed minimum interest rate
An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a)Reciprocal b)Nonprofit Service Organization c)Stock d)Mutual
d)Mutual
Which of the following most likely would NOT be required to complete continuing education in this state? a)Insurance brokers b)Resident producers c)Insurance consultants d)Nonresident producers
d)Nonresident producers
Twin brothers are starting a new business. They know it will take several years to build the business to the point that they can pay off the debt incurred in starting the business. What type of insurance would be the most affordable and still provide a death benefit should one of them die? a)whole life b)ordinary life c)Joint life d)decreasing term
c)Joint life
Who might receive dividends from a mutual insurer? a)Stockholders b)Agents c)Policyholders d)Subscribers
c)Policyholders
All of the following are considered unfair trade practices in the business of insurance EXCEPT... a)Rebating b)Defamation c)Sharing commissions d)Boycott
c)Sharing commissions
What is the maximum penalty for habitual willful noncompliance with the Fair Credit Reporting Act? a)Revocation of license b)$2,500 c)$1,00 d)$100 per violation
b)$2,500
If an insured requires an application in order to reinstate a policy, and if the insured requests reinstatement in writing, an application must be delivered to the insured within.. a)7 days b)10 days c)15 days d)30 days
b)10 days
If an insurer cancels an agency contract, it must notify the Commissioner in writing within how many days? a)10 b)15 c)20 d)30
b)15
Which of the following is another term for an authorized insurer? a)Legal b)Admitted c)Certified d)Licensed
b)Admitted
In accordance with the Administrative Procedure Act, what entity has the authority to make and enforce rules and regulations to implement and carry out the purposes of the Insurance Laws of New Jersey? a)NAIC b)Insurance Regulation Board c)Commissioner d)Governor
c) Commissioner
Death benefits payable to a beneficiary under a life insurance policy are generally a)Exempt from income taxation if under $10,000 b)Exempt from income taxation if over $10,000 c)Not subject to income taxation by the Federal Government d)Subject to income taxation by the Federal Government
c) Not subject to income taxation by the Federal Government
What is the maximum allowed value of a gift that an agent can give to an insured without violating the regulation on rebating? a)$10 b)$50 c)$100 d)$200
c)$100
What is the fine for violating the Commissioner's cease and desist order? a)$20,00 b)$1,000 c)$5,000 d)$10,000
c)$5,000
Who can make a fully deductible contribution to a traditional IRA? a)Someone making contributions to an educational IRA b)A person whose contributions are funded by a retirn on investment c)An individual not covered by an employer-sponsored plan who had earned income d)Anybody; all IRA contributions are fully deductible regardless of income level
c)An individual not covered by an employer-sponsored plan who had earned income
The maximum the Insurance Guaranty Association will pay to an individual for life insurance death benefitis.. a)$1,000,000 b)$100,000 c)$250,000 d)$500,000
d)$500,000
Bill's license was revoked 2 years ago. How much longer will he have to wait in order to request his license to be reinstated? a)How can apply now b)1 year c)2 years d)3 years
d)3 years
If a consumer requests additional information concerning an investigative consumer report, how long does the insurer or reporting agency have to comply? a)7 days b)10 days c)3 days d)5 days
d)5 days
If a credit life policy lapses for nonpayment before the debt is satisfied, within how many days must the creditor either refund the premium paid or apply it against the debt? a)3 b)10 c)30 d)60
d)60
Which of the following is NOT fundable by annuities? a)A person's retirement b)Estate liquidation c)Death benefit d)Cash accumulation for any reason
c)Death benefit
The buyer's guide and policy summary can be delivered with the policy or earlier if the policy contains unconditional refund provision of at least.. a)10 days b)15 days c)30 days d)7 days
a)10 days
All of the following are duties and responsibilities of producersat the time of application EXCEPT... a)Change any incorrect statement on the application by personally initialing next to the correct statement b)Explain the nature and type of any receipt the producer is giving the applicant c)Probe beyond the stated questions if the producer feels the applicant is misrepresenting or concealing information d)Check to make sure that there are no unanswered questions on the application
a)Change any incorrect statement on the application by personally initialing next to the correct statement
An insured pays an annual premium to his insurer. In return, the insurer promises to pay benefits in accordance with the terms of the contract. This called.. a)Consideration b)Conditions c)Utmost good faith d)Acceptance
a)Consideration
An individual applied for an insurance policy and paid the initial premium. The insurer issued a conditional receipt. 5 days later the applicant had to submit to a medical exam. If the policy is issued, what would be the policy's effective date? a)Date of medical exam b)Date of policy delivery c)Date of issue d)Date of application
a)Date of medical exam
In life insurance policies, cash value increases.. a)Grow tax deferred b)Are income taxable c)Are taxed annually d)Are only taxed when the owner reaches age 65
a)Grow tax deferred
The policyowner wants to make sure that upon his death, the life policy will pay a portion of the proceeds annually to his spouse, but that the principal will be paid to their children when they reach a certain age. Which settlement option should the policyowner choose? a)Interest only option b)Life income with period certain c)Joint and survivor d)Fixed amount options
a)Interest only option
Which of the following is NOT true regarding a Certificate of Authority? a)It is issued to group insurance participants b)It may be necessary for transacting business in a specific state c)It is equivalent to an insurance license d)It is issued by the state department of insurance
a)It is issued to group insurance participants
Which of the following statements about the reinstatement provision is true? a)It requires the policyowner to pay all overdue payments with interest before the policy is reinstated b)It permits reinstatement within 10 years after a policy has lapsed c)It provides for reinstatement of a policy regardless of the insured's health d)It guarantees the reinstatement of a policy that has been surrendered for cash
a)It requires the policyowner to pay all overdue payments with interest before the policy is reinstated
Which option for Universal life allows the beneficiary to collect both the death benefit and cash value upon the death of the insured? a)Option B b)Corridor Option c)Variable Option d)Option A
a)Option B
In New Jersey, the public is protected by a notice of discontinuance when a policy is discontinued for nonpayment of premiums. When a policy is discontinued, all of the following are required EXCEPT.. a)Refund of Premiums b)Written notice to policyholder c)A reminder of the date of discontinuance d)Ceasing to collect premium payments from group participants unless the group policyholder remains fully responsible for the benefits
a)Refund of Premiums
Which rule would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase new insurance? a)Replacement Rule b)Reinstatement Rule c)Conversion Rule d)Disclosure Rule
a)Replacement Rule
Which of the following statements about a suicide clause in a life insurance policy is true? a)Suicide is excluded for a specific period of years and covered thereafter b)Suicide is covered for a specific period of years and excluded thereafter c)Suicide is covered as long as the policy is in force d)Suicide is excluded as long as the policy is in force
a)Suicide is excluded for a specific period of years and covered thereafter
All of the following entities regulate variable life policies EXCEPT.. a)The Guaranty Association b)Federal government c)The SEC d)The insurance department
a)The Guaranty Association
Which of the following describes the tax advantage of a qualified retirement plan? a)The earnings in the plan accumulate tax deferred b)Distribution prior to age 59 1/2 are tax deductible c)Employer contributions are deductible as a business expense when the employee receives benefits d)Employer contributions are not taxed when paid out to the employee
a)The earnings in the plan accumulate tax
All of the following are true regarding decreasing term policy EXCEPT.. a)The payable premium amount steadily decreases throughout the duration of the contract b)The death benefit is $0 at the end of the policy term c)The contract pays only in interest in the event of death during the term and there is no cash value d)The face amount steadily declines throughout the duration of the contract
a)The payable premium amount steadily decreases throughout the duration of the contract
What does "level" refer to in level term insurance? a)face amount b)premium c)cash value d)interest rate
a)face amount
Children's riders attached to whole life policies are usually issued as what type of insurance? a)term b)variable life c)adjustable life d)whole life
a)term
The LEAST expensive first-year premium is found in which of the following policies? a)Level Term b)Annually Renewable Term c)Increasing Term d)Decreasing Term
b)Annually Renewable Term
A universal Life insurance policy is best described as an... a)Flexible Premium Variable Life policy b)Annually Renewable Term policy with a cash value account c)Variable Life with a cash value account d)Whole Life policy with two premiums: Target and Minimum
b)Annually Renewable Term policy with a cash value account
Which authority has the power to deny someone's an insurance producer's license? a)Federal Insurance Licensing Regulation Board b)Commissioner c)Insurance company d)Guaranty Association
b)Commissioner
The type of insurance sold to a debtor and designed to pay the amount due on a loan if the debtor dies before the loan is repaid is called.. a)Multiple Protection insurance b)Credit life c)Credit health d)Decreasing whole life
b)Credit life
Which of the following would be the beneficiary in credit life insurance? a)Borrower b)Creditor c)Insured d)Company
b)Creditor
All of the following could be considered rebates if offered to an insured in the sale of insurance EXCEPT.. a)An offer to share commissions generated by the sale b)Dividends from a mutual insurer c)An offer of employment d)Stocks, securities, or bonds
b)Dividends from a mutual insurer
The requirement that agents must account for all insurance funds collected, and are not permitted to comingle those funds with their own is known as.. a)Fiscal Responsibility b)Fiduciary Responsibility c)Premium Accountability d)Insurance-Related Conduct
b)Fiduciary Responsibility
An individual is purchasing a permanent life insurance policy with a fave value of $25,000. While this is all the insurance that he can 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? a)Nonforfeiture options b)Guaranteed Insurability option c)Dividend option d)Guaranteed renewable option
b)Guaranteed Insurability option
An insurer devises an intimidation strategy in order to corner a large portion of the insurance market. Which of the following best describes this practice? a)Defamation b)Illegal c)A legal advertising strategy d)Unfair discrimination
b)Illegal
A Certification of License Status must include all of the following information EXCEPT .. a)License reference number b)Number of years a licensee has been in the business c)Licensee's date of birth d)Types of insurance for which the license is authorized
b)Number of years a licensee has been in business
All of the following are requirements for a nonresident license EXCEPT.. a)Paying the required fees b)Passing the New Jersey licensing examination c)Holding an active license in the same line of authority in another state d)Submitting a licensing application from the home state
b)Passing the New Jersey licensing examination
Under the Fair Credit Reporting Act, if the consumer challenges the accuracy of the information contained in his or her report, the reporting agency must.. a)Send an actual certified copy of the entire report to consumer b)Respond to the consumer's complaint c)Defend the report if the agency feels it's accurate d)Change the report
b)Respond to the consumer's complaint
Which of the following is a person or organization that is allowed to write business in New Jersey for insurance companies that do not possess a certificate of authority in New Jersey, if no authorized insurers in New Jersey offer the specific type of insurance in question? a)Fiduciary agent b)Surplus lines agent c)Insurance intermediary d)Unauthorized broker
b)Surplus lines agent
In comparison to consumer reports, which of the following describes a unique characteristic of investigative consumer reports? a)The customer has no knowledge of this action b)The customer's associates, friends, and neighbors provide the reports data c)They provide additional information from an outside source about a particular risk d)They provide information about a customer's character and reputation
b)The customer's associates, friends, and neighbors provide the reports data
A small employer owns a group health insurance policy. The employer does not pay the premium by the premium date and fails to pay again by the end of the grace period. The insurer cancels the policy. Which of the following is true? a)The insurer will pay all losses only up to the premium date b)The insurer will pay all losses through the end of the grace period c)The insurer will pay all losses continuing after the grace period ends d)This varies with every insurer, so there is not enough information to answer this question
b)The insurer will pay all losses through the end of the grace period
All of the following are true of an annuity owner EXCEPT.. a)The owner is the party who may surrender the annuity b)The owner must be the party to receive benefits c)The owner pays the premium on the annuity d)The owner had the right to name the beneficiary
b)The owner must be the party to receive benefits
What is the purpose of establishing the target premium for a universal life policy? a)To cover all policy expenses b)To keep the policy in force c)To accumulate cash value faster d)To pay up the policy faster
b)To keep the policy in force
The Waiver of Cost of Insurance rider is found in what type of insurance? a)Juvenile life b)Universal life c)Whole life d )Joint and survivor
b)Universal life
If a policy includes a free-look period of at least 10 days, the Buyer's Guide may be delivered to the applicant no later than.. a)Prior to filling out an application for an insurance b)With the policy c)Upon issuance of the policy d)Within 30 days after the first premium payment was collected
b)With the policy
Which of the following is the basic souce of information used by the company in the risk selection process? a)Warranty b)Consumer Report c)Application d)Agents Report
c)Application
Which of the following is the basic source of information used by the company in the risk selection process? a)Warranty b)Consumer report c)Application d)Agents report
c)Application
All of the following could be considered rebates if offered to an insured in a sale of insurance EXCEPT.. a)Stocks, securities or bonds b)An offer to share in commissions generated by the sale c)Dividends from a mutual insurer d)An offer of employment
c)Dividends from a mutual insurer
When an employee terminates coverage under a group insurance policy, coverage continues in force.. a)Until the employee can obtain coverage under a new group plan b)Until the employee notifies the group insurance provider that coverage conversion policy is issued c)For 31 days d)For 60 days
c)For 31 days
Applicants for surplus lines authority must fulfill all of the following requirements EXCEPT.. a)Hold a property and casualty license b)Pass an insurance licensing exam c)Hold a bond as a condition for licensure d)Be a New Jersey resident
c)Hold a bond as a condition for licensure
All of the following professional designations are recognized by the department as acceptable substitutes for education and examination requirements EXCEPT... a)Charted Financial Consultant (ChFC) b)Charted Life Underwriter (CLU) c)Professional Insurance Agent d)Charted Property/Casulty Underwriter (CPCU)
c)Professional Insurance Agent
Which nonforfeiture option provides coverage for the longest period of time? a)Paid up addition b)Accumulated at interest c)Reduced paid up d)Extended term
c)Reduced paid up
What method do insurers use to protect themselves against catastrophic losses? a)Pro raga liability b)Risk management c)Reinsurance d)Nonresident producers
c)Reinsurance
Proceeds from life insurance policies are protected from the beneficiary's debts under all of the following circumstances EXCEPT.. a)The amount of debt exceeds 50% of the policy's fave value b)There are no circumstances under which proceeds are protected from the beneficiary's debts c)Some of the premiums were paid in an attempt to defraud creditors d)The amount of debt exceeds the policy's face value
c)Some of the premiums were paid in an attempt to defraud creditors
All of the following employees may use a 403(b) plan for their retirement EXCEPT.. a)A part time classroom aide b)The vice president of a charitable organization c)The CEO of a private corporation d)A school bus driver
c)The CEO of a private corporation
Which of the following information will be stated in the consideration clause of a life insurance policy? a)The time period allowed for the payment of premium b)The conditions for insurability c)The amount of premium payment d)The parties to the contract
c)The amount of premium payment
Which of the following entities is held responsible for the contents of an insurer's advertisement on local TV station? a)The TV station b)The Guaranty Association c)The insurance company d)The department of insurance
c)The insurance company
If an insurer requires a medical examination of an applicant in connection with the application for life insurance, who is responsible for paying the cost of the examination? a)The examiner b)The applicant c)The insurer d)The cost of examination will be waived
c)The insurer
What kind of policy allows withdrawals or partial surrenders? a)Term policy b)Variable whole life c)Universal life d)20 pay life
c)Universal life
Which of the following policies allows a policyowner to take out a loan from the policy's cash value? a)Credit term life b)Decreasing term c)Variable universal life d)Increasing term
c)Variable universal life
Which of the following must an insurer obtain in order to transact insurance within a given state? a)business entity license b)insurer's license c)certificate of authority d)producer's certificate
c)certificate of authority
An insurance company is domiciled in Montana and transacts insurance in Wyoming. Which term best describes the insurer's classification in Wyoming? a)Domestic b)Unauthorized c)Foreign d)Alien
c)foreign
In a direct transfer, how is money transferred from one retirement plan to a traditional IRA? a)from the participant to the new plan b)from the original plan to the original custodian c)from trustee to trustee d)from trustee to the participant
c)from trustee to trustee
The Federal Fair Credit Reporting Act.. a)regulates telemarketing b)prevents money laundering c)regulates consumer reports d)protects customer privacy
c)regulates consumer reports
All of the following would be considered rebating EXCEPT.. a)An agent offers the use of his lake house to a client as an inducement to buy an insurance policy from him b)An agent offers to share his commission with a policyholder c)An agent offers tickets to a baseball game as an inducement to buy insurance d)An agent misrepresents policy benefits to convince a policyowner to replace policies
d)An agent misrepresents policy benefits to convince a policyowner to replace policies
Partners in a business enter into a buy-sell agreement to purchase life insurance, which states that should one of them die prematurely, the other would be financially able to buy the interest of the deceased partner. What type of insurance policy may be used to fund this agreement? a)Term insurance only b)permanent insurance only c)Universal life insurance only d)Any form of life insurance
d)Any form of life insurance
Which of the following is INCORRECT regarding a $100,000-20 year level term policy? a)The policy premiums will remain level for 20 years b)If the insured dies before the policy expired, the beneficiary will receive $100,000 c)The policy will expire at the end of the 20 year period d)At the end of 20 years, the policy's cash value will equal $100,000
d)At the end of 20 years, the policy's cash value will equal $100,000
How is the Insurance Guaranty Association funded? a)By the Department of Insurance b)By NAIC c)By the Government d)By its members-authorized users
d)By its members-authorized users
When twin brothers applied for life insurance from Company A, the company found that while neither of them smoked and both had a very similar lifestyle, one of the twins was in a much stronger financial position than the other. Because of this, the company charged him a higher rate for his insurance. This practice is considered.. a)Twisting b)Controlled Business c)Adverse Selection d)Discrimination
d)Discrimination
An insurance company has published a brochure that inaccurately portrays the advantages of a particular insurance policy. What is this an example of? a)Unfair claims b)Twisting c)Defamation d)False advertising
d)False advertising
What do individuals use to transfer their risk of loss to a larger group? a)Insurable interest b)Exposure c)Indemnity d)Insurance
d)Insurance
The Medical Information Bureau (MIB) was created to protect a)Insurance departments from lawsuits by policyowners b)Insureds from unreasonable underwriting requirements by the insurance companies c)Medical examiners that perform insurance physical examinations d)Insurance companies from adverse selection by high risk persons
d)Insurance companies from adverse selection by high risk persons
What is the benefit of choosing extended term as a nonforfeiture option? a)it matures at age 100 b)It allows for coverage to continue beyond maturity date c)It can be converted to a fixed annuity d)It has the highest amount of insurance protection
d)It has the highest amount of insurance protection
A life insurance policy has lapsed, and the policy owner would like to reinstate it. In order to initiate the reinstatement process, he must submit an application to his insurer. Which of the following is true? a)It is the policyowner's responsibility to request the reinstatement application; the insurer must deliver it within 10 days b)It is the insurer's responsibility to deliver this application to the policyowner within 30 days c)It is the insurer's responsibility to deliver this application to the policyowner within 10 days of policy lapse d)It is the policyowner's responsibility to request the reinstatement application; the insurer must then deliver it within 30 days
d)It is the policyowner's responsibility to request the reinstatement application; the insurer must then deliver it within 30 days
Which of the following settlement options i. life insurance is known as straight life? a)Single life b)Life with period certain c)Fixed amount d)Life income
d)Life income
Which of the following is an example of a limited-pay life policy? a)renewable term to age 70 b)level term life c)straight life d)Life paid up at age 65
d)Life paid up at age 65
Which of the following riders added to a life insurance policy can pay part of the death benefit to the insured to cover expenses incurred in a nursing or convalescent home? a)Accidental death b)Guaranteed insurability c)Payor benefit d)Long term care
d)Long term care
What is the major difference between a stock company and a mutual company? a)Amount of benefits b)Number of producers c)Types of policies used d)Ownership
d)Ownership
The Ownership provision entitles the policyowner to do all of the following EXCEPT.. a)Receive a ploicy loan b)Assign the policy c)Designate a beneficiary d)Set premium rates
d)Set premium rates
Which of the following is an example of a producer being involved in an unfair trade practice? a)Inducing the insured to drop a policy in favor of another one when it is not in the insured best interest b)Charging a client a higher premium for the same policy as another client in the same insuring class c)Making deceptive statements about a competitor d)Telling a client that his first premium will be waived if he purchases the insurance policy today
d)Telling a client that his first premium will be waived if he purchases the insurance policy today
The Supreme Court stated that insurance is interstate commerce and is therefore subject to regulation by the Federal Government in the decision of what case? a)McCarran-Ferguson vs. New York b)Rosche-Wall vs. Alabama c)Pual vs. Virginia d)The US vs. the South-Eastern Underwriters Association
d)The US vs. the South-Eastern Underwriters Association
The initial amount of credit life insurance may NOT exceed.. a)An amount set by statue and adjusted regularly for inflation b)The borrower's monthly income c)The borrower's annual income d)The amount to be repaid under the contract
d)The amount to be repaid under the contract
The annuitant dies while the annuity is still in the accumulation stage. Which of the following is true? a)The owner's estate will receive the money paid into the annuity b)The insurance company will retain the cash value and pay back the premiums to the owner's estate c)The money will continue to grow tax-deferred until the liquidation period, and then will be paid to the beneficiary d)The beneficiary will receive the greater of the money paid into the annuity or cash value
d)The beneficiary will receive the greater of the money paid into the annuity or cash value
Which of the following is INCORRECT concerning a noncontributory group plan? a)They help to reduce adverse selection against the insurer b)They require 100% employee participation c)The employer pays 100% of the premiums d)The employees receive individual policies
d)The employees receive individual policies
Who is the owner and who is the beneficiary on a Key Person Life Insurance Policy? a)The employer is the owner and the key employee is the beneficiary b)The key employee is the owner and beneficiary c)The key employee is the owner and Employer is the beneficiary d)The employer is the owner and beneficiary
d)The employer is the owner and beneficiary
An insured has chosen joint and 2/3 survivor as the settlement option. What does this mean to the beneficiaries? a)The beneficiary will receive 2/3 of the lump sum up front, and the remaining 1/3 will be paid over time b)The beneficiary will receive 2/3 of the total benefit, with the final 1/3 payable when the first beneficiary dies c)One of the beneficiaries will receive 1/3 and the other 2/3 of the proceeds when the insured dies d)The surviving beneficiary will continue receiving 2/3 of the benefit paid when both beneficiaries were alive
d)The surviving beneficiary will continue receiving 2/3 of the benefit paid when both beneficiaries were alive
In an Adjustable Life policy all of the following can be changed by the policy owner EXCEPT.. a)The length of coverage b)The premium c)The amount of insurance d)The type of investment
d)The type of investment
What is the purpose of the buyer's guide? a)To provide the name and address of the agent/producer issuing the policy b)To list all policy riders c)To provide information about the issued policy d)To allow the consumer to compare the costs of different policies
d)To allow the consumer to compare the costs of different policies
The paid-up addition option uses the dividend.. a)To purchase one year term insurance in the amount of the cash value b)To reduce the nect year's premium c)To accumulate additional savings for retirement d)To purchase a smaller amount of the same type of insurance as the original policy
d)To purchase a smaller amount of the same type of insurance as the original policy
Which of the following is included in the term "insurance-related conduct"? a)Insurer's acting with the scopeof the Insurance code b)Producer's ethical behavior c)Producer licensing d)Transmitting funds between producers and the insurance company
d)Transmitting funds between producers and the insurance company
Which of the following is a key distinction between Variable whole life and Variable universal life products? a)Variable universal life is regulated soley through FINRA b)Variable wholeife allows policy loans from cash value c)Variable universal life has a fixed premium d)Variable whole life has a guaranteed death benefit
d)Variable whole life has a guaranteed death benefit
Which rider, when attached to a permanent life insurance policy, provides an amount of insurance on every family member? a)spouse rider b)children's rider c)additional insured rider d)family term rider
d)family term rider
Who does an insurance agent represent? a)The insured b)The Department c)Him/herself d)The insurer
d)the insurer