Life Insurance Policy Riders, Provisions, Options, and Exclusions
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| show | Automatic premium loan
🗑
|
||||
| An individual is purchasing a permanent life insurance policy with a face value of $25k. this is all that he can afford , he wants to be sure that additional coverage will be available in the future. Which options should be included in the policy? | show 🗑
|
||||
| Which provision of a life insurance policy states the insurer's duty to pay benefits upon the death of the insured, and to whom the benefits will be paid? | show 🗑
|
||||
| When the insured selects the extended term nonforfeiture option, the cash value will be used to purchase term insurance with what face amount? | show 🗑
|
||||
| show | The surviving beneficiary will continue receiving 2/3 of the benefit paid when both beneficiaries were alive.
🗑
|
||||
| show | Reinstatement provision
🗑
|
||||
| show | 2 years
🗑
|
||||
| Which of the following best describes fixed-period settlement option? | show 🗑
|
||||
| show | That the cash value will not be lost
🗑
|
||||
| All of the following are Nonforfeiture options EXCEPT | show 🗑
|
||||
| show | Paid-up option
🗑
|
||||
| All of the following are dividend options EXCEPT | show 🗑
|
||||
| show | Interest only option
🗑
|
||||
| show | Cash option
🗑
|
||||
| When a life insurance policy was issued policyowner designated a primary n a cont beneficiary. years later, insured n the primary beneficiary died in the same car accident. it was impossible to determine who died first. Which would receive death benefit | show 🗑
|
||||
| show | Level or flexible
🗑
|
||||
| show | Policy loans can be made on policies that do not accumulate cash value.
🗑
|
||||
| show | The same face amount as in the whole life policy.
🗑
|
||||
| show | Automatic premium loan
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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
Created by:
Hayley92