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under a 20 pay whole life policy
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under a 20 pay whole life policy, in order for the policy to pay the death benefit to a beneficiary, the premiums must be paid for what time period?
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under a 20 pay whole life policy
under a 20 pay whole life policy, in order for the policy to pay the death benefit to a beneficiary, the premiums must be paid for what time period? for 20 years or until the insureds death, whichever occurs first
during partial withdrawal from a universal life policy, which portion, of any, will be taxed? interest earned on the withdrawn cash value
an individual has just borrowed $10,000 on a 5-year note from his bank. The note is due in installments. what type of life insurance policy would be best suited to this situation?
between adjustable life and universal life policies, which one provides more flexibility to the policy owner universal life
regarding taxation, how does the cash value of life policy accumulate tax deffered
what happens to the cash value when a whole life insurance policy matures cash value is paid to the policy owner
universal life policies have two types of interest rates. what are they guaranteed and current
what elements of an adjustable life policy can be changed by the policyowners the amount and payment period of the premium, the face amount, and the period for protection
what type of premium is charged on a straight life policy a level premium for the life of the insured
what is the purpose of establishing the target premium for a universal lie policy to prevent the policy from lapsing
if an employee want to join group life insurance coverage outside of the open enrollment period, what would the employee have to provide evidence of insurability
what type of life insurance policy provides permanent protection whole life
a whole life policy that requires that the policy owner only pays premiums for a specified number of years is known as what kind of policy
in variable universal life insurance, to what policy component does the term 'variable' refer cash value and death benefit
what policy component must decrease in decreasing term insurance face amount
whole life policies provide protection until the insured reaches what age
how is the premium determined in joint life insurance policy the premium is based on the average age of the insureds
what type of life insurance policy offers pure death protection term
group life insurance policies are written as what type of insurance
what type of whole life insurance policy generates immediate cash value single premium whole life
in term policies, what happens to the premium throughout the term of the policy the premium remains level
what happens to the premium in annually renewable term life policy the premium increases with each renewal
if an insured terminates membership in a group life insurance, to what type of insurance can the insured convert the coverage whole life
what are the characteristics of the group that underwriters will consider before issuing a group life policy groups purpose, size, financial strength and turnover
when would a 20 pay whole life policy endow when the insured reaches age 100
what are the death benefit options in universal life policies option A-level death benefit option B - increasing death benefit
what does 'level; refer to in level term insurance face amount
what is the major difference between the most common types of whole life policies: straight life, limited payment and single premium premium payment mode
who is insured under a juvenile life policy a minor
who is entitled to the cash values in a life insurance policy the policyowner
what is the main advantage of converting from group life insurance to individual coverage evidence of insurability is not required
what type of whole life insurance policies only requires a payment of premium at its inception, and in addition to providing insurance protection for the life of the insured, endows at the insureds age of 100 single premium whole life
what type of life insurance policy can be changed from a policy with no cash value to one that generates cash value
when does an adjustable life policy accumulate cash when the premiums paid are more than the cost of the policy
what age must the insured attain in order to receive the policy face amount 100
when the amount of the insurance is increase in adjustable life policy, what will the insurer require from the insured evidence of insurability
in what type of life insurance policies can the policy owner skip premium payments without the policy lapsing universal life
why are the policy loans not available on term insurance there is no cash value to borrow against
in a joint life policy when is the death benefit paid upon the first death
what type of life insurance policy is life paid up at age 65 limited pay whole life
a policyowner borrowed a portion of cash value from his whole life policy, if the loan is not repaid, how will that affect the death benefit to the beneficary the amount of the loan will be subtracted from the death benefit
whole life insurance policies mature when age 100 hits. if the owner dies at 80 and there are no outstanding loans on the policy, what portion of the death benefit will be paid to the beneficiary the full death benefit
the death protection component of a universal life policy is expressed as what type of coverage annually renewably term
what universal life option has a gradually increasing cash value and a level death benefit option A
what type of life insurance is best suited to cover a mortgage decreasing term
under a 20 pay whole life policy, in order for the policy to pay the death benefit to a beneficiary , the premiums must be paid for what time period
Created by: breerobz94
 

 



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