Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Insurance 16
| Question | Answer |
|---|---|
| A rider that assures premiums will be paid on a juvenile policy until the child reaches a specific age is called a(n) | payor rider |
| Which of these is considered to be a Living Benefit option in a life insurance policy? | Accelerated death benefit |
| All of these are considered sources of information that can assist an underwriter in determining whether or not to accept a risk EXCEPT | National Association of Insurance Underwriters |
| A guaranteed issue insurance policy has no | medical underwriting |
| An error was made on Mary's life insurance application. Which of the following areas do errors commonly occur on applications and for which the incontestable clause does NOT apply? | Age |
| In order to activate the reinstatement clause of a lapsed life insurance policy, the insured MUST | provide evidence of insurability to the insurer |
| Pat owns a 20-pay life policy with a paid-up dividend option. Which of the following statements is true? | The policy may be paid up early by using policy dividends |
| Dorian exercised a nonforfeiture option by using his life policy's cash value to purchase an extended term insurance option. When the term insurance expires, | the protection ends |
| The automatic premium loan provision authorizes an insurer to withdraw from a policy's cash value the amount of | past due premiums that have not been paid by the end of the grace period |
| Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? | $4,000 |
Created by:
johnnywaldron71