Do you have trouble answering the question “ Carl would like to purchase life insurance. He would also like to invest in a mutual fund. An agent told Carl about a form of life insurance in which Carl could select where the saving component is invested. This form of life insurance has fixed premiums and ..
Category : Life Insurance MCQs
Do you have trouble answering the question ” How is a family plan life insurance policy normally structured? ” related to the concept of Life Insurance? There’s no need to worry about it anymore. This post contains the correct answer to your question. How is a family plan life insurance policy normally structured? Options Whole ..
Group life insurance policies are generally written as a) Monthly Renewable Term b) Quaterly Renewable Term c) Annually Renewable Term d) All of..
To sell variable life insurance policies a) FINRA registration. b) A securities license. c) A life insurance license. d) SEC reg..
When must insurable interest exist in a life insurance policy a) It must continue for the life of the policy. b) It must exist when a claim is submitted. c) Insurable interest must exist only at the time the applicant enters into a life insurance contract. d) If no insurable interest exists when a policyowner ..
All of the following are personal uses of life insurance except a) Cash accumulation. b) Buy-sell agreement. c) Survivor protection. d) Estat..
All of the following are considered appropriate uses of life insurance for business purposes except a) Attracting quality employees by offering a group life plan b) Funding an entity buy-sell agreement c) Protecting the business by covering key employees with life insurance d) Protecting the business by covering entry level employees with life..
Which type of life insurance policy generates immediate cash value A. Single premium B. Level Term C. Decreasing Term D. Continuo..
All of the following are characteristics of a group life insurance plan except A. Group underwriting B. Master contract C. Individual underwriting D. Probation..
The main purpose of having Life insurance is: a. As an avenue for long-term investment b. As a medium for getting income tax benefits from savings c. As a governmental programme for reducing poverty d. As an avenue for short-term investment e. None of..