COMPLETING THE APPLICATION, UNDERWRITING, AND DELIVERING THE PO.ICY
WHAT REPORT IS USED BY UNDERWRITERS THAT STATES FINANCES, CHARACTER, WORK AND HOBBIES
CONSUMER REPORT
WHAT DECREASES IN A DECREASING TERM INSURANCE POLICY
FACE AMOUNT/COVERAGE/DEATH BENEFIT
WHAT IS INCLUDED IN AN ENTIRE CONTRACT CLAUSE
POLICY, COPY OF APPLICATION, AND RIDERS
HOW MANY DAYS DOES AN INDIVIDUAL HAVE WHEN COVERTING FROM GROUP TO AN INDIVIDUAL POLICY
31 DAYS
WHAT UNFAIR TRADE PRACTICE OCCURS WHEN AN ORAL OR WRITTEN STATEMENT IS MADE THAT IS INTENDED TO INJURE A PERSON ENGAGED IN THE INSURANCE BUSINESS
DEFAMATION
ALLOWING AN EXISTING POLICY TO LAPSE AND OBTAINING A NEW ONE
REPLACEMENT
THIS POLICY PAYS THE DEATH BENEFIT WHEN THE FIRST INSURED DIES
JOINT LIFE
WHAT IS THE WAIVER OF PREMIUM USED FOR
IF AN INSURED BECOMES TOTALLY DISABLED
QUALIFIED PLANS DO NOT REQUIRE IRS APPROVAL.
TRUE OR FALSE
FALSE
WHAT IS THE PENALTY FOR VIOLATING A CEASE AND DESIST ORDER
$10,000
WHAT ARE THE 4 ASPECTS OF A CONTRACT
CONTRACT OF ADHESION, ALEATORY, UNILATERAL, AND CONDITIONAL
ARE THE INTEREST RATES IN A FIXED ANNUITY GUARANTEED? YES OR NO
YES
WHAT DIVIDEND OPTION ALLOWS YOU TO BUY PAID-UP COVERAGE TO ADD TO THE POLICY
PAID-UP ADDITIONS
WHAT IS THE PENALTY FOR MONEY WITHDRAWN FROM A TRADITIONAL IRA BEFORE AGE 59 1/2?
10%
INSURERS MUST MAINTAIN A COMPLETE FILE OF ALL PRINTED ADVERTISEMENTS FOR HOW MANY YEARS?
4
STATEMENTS BELIEVED TO BE TRUE TO THE BEST OF ONE'S KNOWLEDGE
REPRESENTATIONS
WHAT TYPE OF INSURANCE PRODUCT REQUIRES A LIFE LICENSE AND A SECURITIES LICENSE
VARIABLE WHOLE LIFE
WHO/WHAT WILL RECEIVE THE DEATH BENEFIT IF THE INSURED AND SOLE BENEFICIARY BOTH DIE TOGETHER
THE INSUREDS ESTATE
WHO CAN DESIGNATE THE BENEFICIARY OF A KEY PERSON INSURANCE POLICY
THE COMPANY
OFFERING TO RETURN A PORTION OF THE PREMIUM TO AN APPLICANT AS AN INDUCEMENT TO BUY INSURANCE IS CALLED
REBATING
WHO MUST SIGN THE APPLICATION FOR INSURANCE
THE AGENT AND THE OWNER
UNIVERSAL LIFE IS A COMBINATION OF WHAT 2 COMPONENTS
ANNUALLY RENEWABLE TERM AND A CASH ACCOUNT
A PAYOR BENEFIT IS USED TO KEEP WHAT TYPE OF POLICY IN FORCE
A JUVENILE POLICY
WHST RETIREMENT PLAN IS A SPECIAL TAX FAVORED P,AN FOR NONPROFIT, CHARITABLE, EDUCATIONAL OR RELIGIOUS GROUPS?
TAX SHELTERED 403(B)
MUTUAL COMPANIES ARE OWNED BY WHO?
POLICYOWNERS