Intentionally omitting a history of heart problems on an application is

What is the risk classification for those who are insurability but have a higher then average risks

Which provision allows a lapsed policy to be put back in force

An insured who submits a fradulent claim to an insure is an example of an

If a misstatement of each is discovered during the process of a life insurance claim the insurer will

Which of the following statement is NOT true about participating polices

A policy that combines whole life on the breadwinner and term on the spouse and children is called a

An arrangement where the employer and employee agree to purchase and fund life insurance on an employee is known as a

The rider that prides for partial payment of the death benefit in advance to help with. Nursing or convalescent home expense in the

To be insurable a risk must NOT be

A produce who knowingly misrepresents material information for the purpose of including a client to a lapse , forefeir , change or surrender a life insurance policy or annuity has committed an illegal practice is know as

Which nonforfeirutre values maintain the original face value contract but sacrifices the length of the contract

Which annuity pay guarantees you the return of all the principal invested in the contract

The cost of a loss is known as

A private and civil wrong for which a remedy may be sought through legal action is known as a

They type of policy that can be changes from one that does not have cash value to one that doe is a

When completing an apllication for life insurance a producer should do which of the following

A person who signs a fraudulent claim form may be found guilty of

Which document describes the specific features and elects of a policy

The paying time for different and notice is also known as

Which policy is a combination of annual renewable term insurance and interest-sentive cash values

A contract agreements for life insurance is composed of a/an

An annuity that is purchased with a lump sum and whose benefits begin after 12 months is called a

A technique used to determine the amount of life insurance needed by focusing on the project earning potential of an insured is called the

According to the California department of insurance an instrument whose article s of incorporation are registered in OSLO, Norway is considered an

If the cash value exceeds the premium paid in whole life policy what are the tax consequences if the policy is surrendered

Which of the following characterizes a secular risk

In an insured legal reserve fund are found to be less than the minimum required by law the insurer is considered

Which of the following policies could be expected to have the lowest premium

Insurance contract are based upon a doctrine which requires all parties to the contract to be honest this is know ad the doctrine of

Statements made by an advocate on an application for insurance are considered to be

Unerwritng is the process of

According to the California insurance code ,life-only producers must records of their transaction for at least

Which if these si NOT an element of a legal contract

A tax sheltered annuity (TSA) is a qualified plan available for

Which of the following is NOT a risk management technique

A life policy that covers two lives and provides for payments of the death benefit upon the death of the fist insured is called

The risk of a loos to an insurance company is also referred to as a /an.

The right to a full refund of premium for insured age 60 or older is

When a producer collects the initial premium and issues a conditional receipt the receipt

Life-only agents may transact all of the following type of insurance EXCEPT

The type of whole life insrance where premiums are payable over the whole life of the insured to age 100 is called

Which of the. Following is not a characteristic of group life insurance

When a producer ,broker , or solicitor handles premium for an insurer they are acting in which the following capacities

The intent of replacement regulation is to protect the

Which type of policy would be suitable to protect the balance of home mortgage

Selling which of the following policies would require a license by FINRA

Which statement is INCORRECT about fixed annuity

Social security benefits do NOT include

The medical information bureau (MIB) is a nonprofit trade association that maintains

The attempt that an insurer makes to keep its existing insurance policy in force after receipt of notice of replacement from another company is called

Term limit on liability refers to the

The possibly of a financial loss incurred by a life insurance company for the premature death of a insured is known as a

Which policy provision include the application and the first premium from the insured and the promise to par from the insurer

When replacing a policy the producer must present with a notice regarding replacement of life insurance

Which of the. Following is not a characteristic of group life insurance

Money bored dorm a life insurance policy cash value is

The option that pays a specified amount to the annuitant with remaining value payable to a beneficiary is

The premium modes can be best described as the

If an annuitant before the annuilization period , what preoccupations will the beneficiary receive

In a group policy the employer receives

The law of larger nunmebrs allows an insurance company to predict he expected losses among

Whose signature is required to make changes to a written application for a life insurance policy

With a modified premium whole life contract premium payment are

The transfer of possible financial loss to another party refers to

The guaranteed insurability rider allows the policy owner to purchase additional insurance at the insured

A life insurance death benefit paid in a lump sum to a beneficiary is

When must insurable inrest exist

Two business partner own life insurance on each other. If one partner dies which contract will allow the surviving arbiter to use the death benefit to purchase the deceased business intrest

Which methods of handiling risk is self insurance

Mortability is defined as the