Homework Answers
The correct option is B) Reduced premium
The reason is that reduced premium is a nonforfeiture option.
Add Answer to:
Life Insurar Life Insurance Certification Exam 00:10:10 Question #17 of 50 Which of the following is...
Life Insurar Life Insurance Certification Exam O 00-08:31 Question #16 of 50 Restoration of a lapsed...
Life Insurar Life Insurance Certification Exam O 00-08:31 Question #16 of 50 Restoration of a lapsed policy as it was originally purchased is known as A) incontestability B) reinstatement c) consideration D) grace period Previous Question 16 of 50 Kaplan, Inc. All Rights Reserved
Life Insurance Certification Exam 00:03:58 Question #14 of 50 The term nonforfeiture values refers to the...
Life Insurance Certification Exam 00:03:58 Question #14 of 50 The term nonforfeiture values refers to the fact that: A) when a policyowner stops paying premiums on a permanent policy, all premiums previously paid may be returned by the insurance company upon application B) when a term policy expires, the policyowner need not forfeit nis protection and may purchase permanent insurance for the same amount as the term policy within 30 days c) when a policyowner stops paying premiums on a...
16) Beth purchased a participating life insurance policy 15 years ago. Her life insurance needs have...
16) Beth purchased a participating life insurance policy 15 years ago. Her life insurance needs have decreased dramatically since she purchased the policy. Beth's job situation has become uncertain and she no longer wants to continue to make premium payments on her whole life policy. Which non-forfeiture option makes sense for Beth to use? A) extended term option B) interest only option C) reduced paid up option D) paid-up additions
00:16:47 Question #32 of 50 With regard to life insurance, all of the following statements are...
00:16:47 Question #32 of 50 With regard to life insurance, all of the following statements are correct EXCEPT O A) a creditor has an insurable interest in a debtor WB) all individuals are considered to have insurable interests in themselves O C) insurable interest must be maintained throughout the life of the contract D) spouses are automatically considered to have insurable interests in each other Previous Question 32 - of 50 Chec s Reserved
17. Which type of term life insurance is most commonly used by people with mortgages increasing...
17. Which type of term life insurance is most commonly used by people with mortgages increasing term b. level term C. decreasing term d. straight term whole term 18. Which Which one of the following most accurately describes the taxability of life insurance? a. death benefits are income-tax-free to the beneficiary b. annual increases in cash value are tax deductible c. death benefits are always estate-tax-free d. premiums are tax deductible e. none of the above are true 19. Frankie...
Question 10of 12 Step 8 of 10 00:09 16 A manager for an insurance company beleves...
Question 10of 12 Step 8 of 10 00:09 16 A manager for an insurance company beleves that customers have th 30 % prefer Universal Life, and 50 % sales manager's cdaimed proportions of customers who prefer each product using the data? e following preferences tor fe insurar ce products 20 %prefer week. prefer Life Annuities The results or a survey of 271 customers were tabulated. possble to refute the Product Number Whole 134 Universal11 Arnnuities 26 Copy Data Step 8...
14) Which of the following statements about life income settlement options is (are) true 1. Under...
14) Which of the following statements about life income settlement options is (are) true?I. Under a joint-and-survivor life income option, payments cease at the death of the second (last) surviving) annuitant,II. Under a life income with guaranteed period, a contingent beneficiary is guaranteed a minimum number of payments regardless of when the primary beneficiary dies.A) I onlyB) II onlyC) both I and II]D) neither I nor II15) Bruce left a question about heart disease blank on his life insurance application...
08: Assignment - Insuring Your Life 6. Understanding whole life insurance Suppose you are a life...
08: Assignment - Insuring Your Life 6. Understanding whole life insurance Suppose you are a life insurance broker with a client who is interested in buying a whole life insurance policy. You explain to him the three major types of whole life insurance: continuous premium, also known as limited payment, and single premium. Your client is a 33-year- old man and a father of four who is looking for the policy that provides the most permanent death protection for a...
Question 37 remaining letter. D) If a departing employee elects to convert a lofe insurance policy,...
Question 37 remaining letter.
D) If a departing employee elects to convert a lofe insurance
policy, the insurer must offer term insurance as one of the
choices.
34 If an insured commits suicide after the suicide clause in the insured's life insurance policy has expired, the insurer will take which of the following actions? a) Refuse to pay the death benefit or refund any premiums b) Refund only the premiums paid c) Refund the premiums paid plus interest d) Pay...
104 Life Insurance-Term and Other The main purpose of life insurance is to provide financial protection...
104 Life Insurance-Term and Other The main purpose of life insurance is to provide financial protection for your dependents in case of your death. You may purchase term life insurance, whole life insurance, limited payment life insurance, of endowment life insurance. ANNUAL PREMIUM - NUMBER OF UNITS PURCHASED X PREMIUM PER $1000 Use the tables below to answer the problems. ANNUAL PREMIUM PER $1000 OF LIFE INSURANCE: 5-YR TERM Age 18 20 25 30 35 45 55 65 Male $...
Life Insurar Life Insurance Certification Exam O 00-08:31 Question #16 of 50 Restoration of a lapsed policy as it was originally purchased is known as A) incontestability B) reinstatement c) consideration D) grace period Previous Question 16 of 50 Kaplan, Inc. All Rights Reserved
Life Insurance Certification Exam 00:03:58 Question #14 of 50 The term nonforfeiture values refers to the fact that: A) when a policyowner stops paying premiums on a permanent policy, all premiums previously paid may be returned by the insurance company upon application B) when a term policy expires, the policyowner need not forfeit nis protection and may purchase permanent insurance for the same amount as the term policy within 30 days c) when a policyowner stops paying premiums on a...
16) Beth purchased a participating life insurance policy 15 years ago. Her life insurance needs have decreased dramatically since she purchased the policy. Beth's job situation has become uncertain and she no longer wants to continue to make premium payments on her whole life policy. Which non-forfeiture option makes sense for Beth to use? A) extended term option B) interest only option C) reduced paid up option D) paid-up additions
00:16:47 Question #32 of 50 With regard to life insurance, all of the following statements are correct EXCEPT O A) a creditor has an insurable interest in a debtor WB) all individuals are considered to have insurable interests in themselves O C) insurable interest must be maintained throughout the life of the contract D) spouses are automatically considered to have insurable interests in each other Previous Question 32 - of 50 Chec s Reserved
17. Which type of term life insurance is most commonly used by people with mortgages increasing term b. level term C. decreasing term d. straight term whole term 18. Which Which one of the following most accurately describes the taxability of life insurance? a. death benefits are income-tax-free to the beneficiary b. annual increases in cash value are tax deductible c. death benefits are always estate-tax-free d. premiums are tax deductible e. none of the above are true 19. Frankie...
Question 10of 12 Step 8 of 10 00:09 16 A manager for an insurance company beleves that customers have th 30 % prefer Universal Life, and 50 % sales manager's cdaimed proportions of customers who prefer each product using the data? e following preferences tor fe insurar ce products 20 %prefer week. prefer Life Annuities The results or a survey of 271 customers were tabulated. possble to refute the Product Number Whole 134 Universal11 Arnnuities 26 Copy Data Step 8...
08: Assignment - Insuring Your Life 6. Understanding whole life insurance Suppose you are a life insurance broker with a client who is interested in buying a whole life insurance policy. You explain to him the three major types of whole life insurance: continuous premium, also known as limited payment, and single premium. Your client is a 33-year- old man and a father of four who is looking for the policy that provides the most permanent death protection for a...
Question 37 remaining letter.
D) If a departing employee elects to convert a lofe insurance
policy, the insurer must offer term insurance as one of the
choices.
34 If an insured commits suicide after the suicide clause in the insured's life insurance policy has expired, the insurer will take which of the following actions? a) Refuse to pay the death benefit or refund any premiums b) Refund only the premiums paid c) Refund the premiums paid plus interest d) Pay...
104 Life Insurance-Term and Other The main purpose of life insurance is to provide financial protection for your dependents in case of your death. You may purchase term life insurance, whole life insurance, limited payment life insurance, of endowment life insurance. ANNUAL PREMIUM - NUMBER OF UNITS PURCHASED X PREMIUM PER $1000 Use the tables below to answer the problems. ANNUAL PREMIUM PER $1000 OF LIFE INSURANCE: 5-YR TERM Age 18 20 25 30 35 45 55 65 Male $...
Most questions answered within 3 hours.
-
Assume that capital markets are competitive and that the
international Fisher hypothesis holds. The one-year interest...
asked 19 minutes ago -
Solid potassium phosphate is slowly added to 150 mL of a 0.0518
M calcium nitrate solution....
asked 34 minutes ago -
(CO 2) A field can be added to a report to
values for two or more...
asked 2 hours ago -
Identify 3 research scenarios that might provide a low,
medium, and high degree of variability in...
asked 2 hours ago -
how
does gravity affect the trajectory of projectile? what would be the
shape of the trajactory...
asked 3 hours ago -
Two small plastic spheres are given positive electrical charges.
When they are a distance of 15.4...
asked 3 hours ago -
An acidic solution containing gold ions is
electrolyzed, producing gaseous oxygen (from water) at the anode...
asked 4 hours ago -
Assume that the population of Mexico is 128
million and that the population increases 1.01
percentannually....
asked 4 hours ago -
Can someone please help me add appropriate descriptive
comments to each line of code in the...
asked 5 hours ago -
Romeo wishes to throw a bouquet of flowers to Juliet, who is on
a second-story balcony,...
asked 6 hours ago -
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 6 hours ago -
Principles of Programming midterm study guide help!
1.)
______ Which of the following would reference the...
asked 5 hours ago