1)Statement of continued good health Tamara purchased a term insurance policy when she had high life insurance needs and limited income. All of the following statements about the settlement of a claim are true EXCEPT. B. ~~~\text{Utilities expense}&12,000\\ &\text { Rental Class }\\ Permanent Insurance have 3 words in common, what are they? (c) both I & II (d) neither I nor II. A) They must be given to all Life insurance applicants. C. Whole life A. All of the following are true about health insurance except: InventoryJul1Jul3122,000???? Why?". After Alex has made 20 premium payments, his life insurance policy is considered Taxes, Retirement, and Other Insurance Concep, State Laws, Rules, and Regulations Quizzes, Life Insurance Policy Provisions, Options and, Fundamentals of Financial Management, Concise Edition. The interest rate credited to the cash value at the time of issuance remains fixed over the life of the policy. All of the following statements are TRUE concerning Debtor Groups EXCEPT c) Guides describing company financial integrity The Waiver of Cost of Insurance rider is found in what type of insurance? 3)increase the length of coverage C. Social Security works exactly same as private insurance. ~~~\text{Selling and administrative salaries}&75,000\\ (3), WHat is the difference between universal and whole life policies? Waiver of premium is a rider that can be added to a life insurance policy, and not something to be obtained from the applicant. By William Lb Qtjetjx, Author of . Which of the following is TRUE regarding assignment rights for . The companys president is concerned about the accuracy of the income statement. Appoint a solicitor as his or her representative What does it mean when a policy is limited pay life? 1)cont. The purpose of an estate clearance fund is to pay all of the following EXCEPT. 2)Explain and collect any ratings "Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. b) Human life value approach (b) Most policies can be renewed without evidence of insurability. D. Unilateral Contract c) 10 years. It has cash value that is invested into the stock market through mutual funds/securities. (d) annual premium and the annual policy dividend. Which of the following about a VUL insurance policy is (are) true? -pays an additional death benefit if the insured dies from an accident The issuance of a policy or binder is not part of the consideration element of an insurance contract, it is part of the _______ ________. \text{Sales revenue}&&\$780,000\\ a) A retail clerk. D) Obtaining a bachelor's degree. Increasing term 1.1K 64K views 1 year ago In this video I show you how to one shot Hazard C. A husband or wife has an insurable interest in their spouse Insurance companies can charge an interest rate based on the policyowner's credit report. Participating policy. (d) indeterminate-premium whole life. d) An insurer may exclude any debtors as to whom evidence of individual insurability is not satisfactory to the insurer. PracticeTest Flashcards by Gabriel Martinez | Brainscape (c) two-income earner family. also known as acceptance.

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