Life Insurance CA
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| An injured party to a contract is able to rescind the contract for | show 🗑
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| show | The initial training is 8hrs and the training is not required if the rider does not provide services
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| show | Waive premiums if the insured becomes totally disabled
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| The policy that pays a monthly income to the beneficiary for a stated period of time and pays the face amount at the end of that period | show 🗑
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| What type of insurance is frequently used in group life plans | show 🗑
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| What is true about renewable term policy | show 🗑
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| Which rider may provide a monthly benefit to an insured | show 🗑
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| the receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a | show 🗑
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| How many hours of continuing education are required per renewal for a life-only producer? | show 🗑
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| If a policy does not have a free look period, when must a producer provide a consumer with a Buyers guide | show 🗑
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| show | Face amount increases at predestined age, but the premium remains level
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| A group life insurance program in which the employer pays all of the premium would be considered | show 🗑
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| show | Conditional
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| What factors determine premiums | show 🗑
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| show | Untaxed portion of distributions
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| Replacing and existing insurers must retain evidence of all signed applications and disclosures used in replacement for no less than | show 🗑
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| A type of cash value policy that allows the policy-owner to select how to invest the policy’s cash value in securities is called | show 🗑
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| Which clause prohibits a company from challenging statements made on the original application after the policy has been in force for 2 years | show 🗑
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| An agreement between two or more parties consist of | show 🗑
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| A legal contract in which only one party makes a legally enforceable promise is called | show 🗑
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| show | Modified endowment contract
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| show | $1,000 1st and no less than $5,000 and no more than $50,000
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| show | Each party relies upon the truthfulness of the other
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| show | Mandatory
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| Which type of beneficiary designation cannot be changed without the written consent of the beneficiary | show 🗑
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| show | The main feature of indexed whole life(equity index whole life) is that the cash value is dependent upon the performance of an equity index, such as S&P 500
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| show | Will be paid-up before age 100 but coverage last until age 100
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| show | Offer & Acceptance, competent parties, legal purpose, consideration
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| The replacement regulation does not apply to | show 🗑
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| show | Level Term
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| show | Pay the full benefits minus the past due premium
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| The type of hazard that arises from an Attitude of indifference to loss is | show 🗑
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| show | Life Settlement contract
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| If an agent suspects that one of her clients may be attempting to collect on a false claim, the agent should report this to | show 🗑
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| show | Dividends are a return of excess premiums, and for that reason they are not taxable to the policy owner
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| Death must occur within how many days of an accident in order for the accidental death rider to pay the double or triple face amount? | show 🗑
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| show | Assignment clause: this clause provision Specifies the policy owners righ to assign(Transfer ownership) the policy
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| The equity indexed annuity has a minimum guaranteed interest rate, but may have a higher rate of return based upon the | show 🗑
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| Which annuity option guarantees payments for the lifetime of the annuitant and for a specified period of time | show 🗑
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| Which method determines the amount of life insurance needed by considering such factors as the cost associated with death, housing, and children’s education | show 🗑
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| An activity, such as scuba diving, which increases the chance of a loss occurring is called | show 🗑
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| show | Annuitization period, liquidation period, or pay-out period, is the time during which the sum accumulated is converted into a stream of income
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| What nonforfeiture option allows the policy owner to use to use the cash value as a single premium to purchase a smaller policy that will endow at age 100 | show 🗑
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