state exam
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| under a 20 pay whole life policy | show 🗑
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| show | for 20 years or until the insureds death, whichever occurs first
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| during partial withdrawal from a universal life policy, which portion, of any, will be taxed? | show 🗑
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| show |
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| show | universal life
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| show | tax deffered
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| show | cash value is paid to the policy owner
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| show | guaranteed and current
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| show | the amount and payment period of the premium, the face amount, and the period for protection
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| what type of premium is charged on a straight life policy | show 🗑
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| what is the purpose of establishing the target premium for a universal lie policy | show 🗑
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| if an employee want to join group life insurance coverage outside of the open enrollment period, what would the employee have to provide | show 🗑
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| show | whole life
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| 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 | show 🗑
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| show | cash value and death benefit
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| show | face amount
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| show |
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| show | the premium is based on the average age of the insureds
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| what type of life insurance policy offers pure death protection | show 🗑
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| group life insurance policies are written as what type of insurance | show 🗑
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| what type of whole life insurance policy generates immediate cash value | show 🗑
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| show | the premium remains level
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| what happens to the premium in annually renewable term life policy | show 🗑
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| if an insured terminates membership in a group life insurance, to what type of insurance can the insured convert the coverage | show 🗑
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| what are the characteristics of the group that underwriters will consider before issuing a group life policy | show 🗑
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| when would a 20 pay whole life policy endow | show 🗑
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| what are the death benefit options in universal life policies | show 🗑
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| show | face amount
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| show | premium payment mode
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| show | a minor
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| show | the policyowner
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| what is the main advantage of converting from group life insurance to individual coverage | show 🗑
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| 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 | show 🗑
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| show |
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| when does an adjustable life policy accumulate cash | show 🗑
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| what age must the insured attain in order to receive the policy face amount | show 🗑
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| when the amount of the insurance is increase in adjustable life policy, what will the insurer require from the insured | show 🗑
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| in what type of life insurance policies can the policy owner skip premium payments without the policy lapsing | show 🗑
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| show | there is no cash value to borrow against
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| show | upon the first death
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| what type of life insurance policy is life paid up at age 65 | show 🗑
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| 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 | show 🗑
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| show | the full death benefit
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| the death protection component of a universal life policy is expressed as what type of coverage | show 🗑
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| show | option A
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| show | decreasing term
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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 | show 🗑
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