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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| The waiver of premium rider allows an insurance company to | show 🗑
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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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| show | It is renewable at the option of the insured without proof of insurability.
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| show | Disability Income rider waives the premium and pays a monthly benefit to the insured
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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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| Which of the following components increases in a Jumping Juvenile policy | show 🗑
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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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| The exclusion ratio is used in annuities to determine the | show 🗑
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| show | 3 years
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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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| show | Incontestability Clause
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| show | An offer and acceptance
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| show | Unilateral
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| show | Modified endowment contract
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| What is the minimum administrative penalty for a producer who violates the replacement provisions of the California Code | show 🗑
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| show | Each party relies upon the truthfulness of the other
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| According to California Insurance Code, the term “shall” describes what kind of actions | show 🗑
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| Which type of beneficiary designation cannot be changed without the written consent of the beneficiary | show 🗑
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| An indexed whole life policy would have a minimum guaranteed interest rate but may have a higher rate of restrung based upon the | show 🗑
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| Limited-Pay whole life is designed so that the premium | show 🗑
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| show | Offer & Acceptance, competent parties, legal purpose, consideration
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| show | Credit life, Group life and Group annuities
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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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| show | Morale-Carelessness and irresponsibility
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| A financial transaction where an owner sells a life insurance policy to a third party for compensation | show 🗑
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| show | The insurers fraud prevention unit
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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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| show | 90 days usually two times(double indemnity) or three times (triple indemnity)
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| Which provision allows a permanent transfer of ownership | show 🗑
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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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| The annuity period is defined as the time during which the annuitant | show 🗑
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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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