Application
Fraud on a application
What is intentional and material?
What nonforfeiture option does the company pay the surrender value and have no further obligations to the policyowner.
What is cash surrender?
The following is incorrect concerning noncontributory group plans
What is employees receive individual policies?
What type of premium is variable whole life.
What is level fixed?
Continuing education requirements may be extended beyond the 2-year period
What is show good cause, 12 months?
When a consumer challenges the accuracy of information, under fair credit report act, the reporting agency must...
What is respond to consumer?
A beneficiary wants a guarantee that benefits paid from principal and interest would be paid for a period of 10 years before being exhausted, what settlement option should the beneficiary select
What is fixed period or period certain?
The owner and beneficiary on a Key Person Life Insurance policy.
What is the employer is applicant, owner, premium payer, and beneficiary.
Form of life annuity which pays benefits throughout lifetime of annuitant and guarantees payment for a minimum number of years
What is life income with period certain?
An insurance company inaccurately shows the advantages of a particularly insurance policy.
What is false advertising?
The type of risk classification that will pay the highest premium
What is substandard?
The term for how frequently a policyowner is required to pay the policy premium.
What is the premium mode?
For group life policies, certificate of insurance goes to
What is each insured person?
The policy that allows the policyowner to skip premium payments, if there is cash value.
What is universal life?
What is not considered an insurance transaction.
What is obtaining an insurance license?
What is not a requirement for life insurance illustrations
What is being a part of the contract?
Using a class designation for beneficiaries means
What is naming beneficiaries as a group?
What is not different about qualified and nonqualified retirement plans
What is taxation on accumulation?
A president of company what to start an annuity and have the company be the annuitant.
What is the annuitant must be a natural person?
A participating insurance policy may do which of the following.
What is pay dividends to policy owner?
The insured is not legally bound to contract, the insurer is legally obligated to pay losses
What is unilateral
Policyowner wants to use dividend check to help pay for next premium.
What is reduction of premium?
What plan is a nonqualified retirement plan
What is individual annunities, deferred compensation plans, split-dollar and section 162 executive bonus plans?
An agent selling variable annuities must be registered with
What is FINRA?
Which of the following types of insurers is owned by stockholders.
What is stock?