Auto
This is how long we give Foreign Driver's to obtain a valid U.S. License after coverage start date.
What is 12 months or 1 Year.
This Document/Tool cannot be sent to Lender's or Customers.
Estimated Replacement Cost Information
In regards to a Disability policy, the applicant must fall within what age range?
18-59
What term allows for policy owners to purchase additional amounts of life insurance at specific option ages or during specific life events without evidence of insurability.
GIO - Guaranteed Insurability Option.
What is the best or highest classification an insured can qualify for on a Life Product?
Elite Preferred.
A canceled auto policy can be reinstated if payment is received within how many days of the cancellation date
What is 39.
At which coverage amount will underwriting require a home to have proof of home security system installation?
Greater than or equal to $1,500,000
What is the Monthly benefit range on a STDI Policy?
$300 - $3,000
At what age does an Instant Answer Term Policy provide coverage until?
50
OR
T or F: An applicant may be ineligible for an Instant Answer Term Insurance policy but eligible for coverage on another fully underwritten product type. However, the applicant will not be eligible for an Instant Answer Term Insurance policy based upon the underwriting decision on the other product type.
True
If an applicant receives a "lower score," making their private passenger vehicles ineligible for Mutual, should the applicant's recreational vehicles be placed in Standard as well?
No, Recreational Vehicles cannot be written in standard company.
A dwelling amount of 100% of the replacement cost is suggested, but only what percentage of replacement cost is required to receive the Coverage B amount of 75% of the Dwelling (Coverage A).
80%
What is the maximum payout on an HI Policy within any given year?
$109,500
At which ages is an insured eligible for the respective products, IA, Term, and WL products?
16, 18, and 0.
What are the two main reasons Instant Answer Term policies are declined or sent to UW for further review?
Height and Weight
Prescription Drug History
This value can be improved with fewer losses, a clean driving record, good credit history, and long tenure with an insurance carrier.
What is CUI. Consumer Underwriting Index
Dwellings located on hillsides of greater than what degree grade will be ineligible with State Farm Fire Company.
30o
Long Term Disability Insurance provides up to what monthly income benefit up to age 67 based on occupation class?
$20,000
What are the application Death Benefit minimum(s) for a Whole Life Product?
0 - 49 yrs $25,000
0 – 85 yrs $15,000
In regards to a life policy, if the base insured becomes disabled prior to age 60, this coverage will waive all future policy and rider premiums (including any additional insured rider premiums) as they become due, so long as the base insured continues to be so disabled.
Waiver of Premium for Disability (WPD)
Auto rate revision effective May 30, 2022 will implement what percentage of change in base rates?
What is +6.9%
What is required of a renter's or CUP policy with one or more losses in the last 3 years.
$1,000 Deductible minimum.
In Regards to a Hospital Income Policy, One confinement means any and all successive periods of confinement due to the same or related cause or causes, unless separated by a period of how long?
What is 6 months.
What are the 4 types of dividend options on a WL product?
Paid Up Additions
Accumulation
Cash
Reduce Premium
Final Expense Life Products are offered at what death benefit, and to customers of what age bracket?
$10,000
Between the ages of 50 - 80