Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Who would NOT be covered under an additional insured rider attached to a life insurance policy? A. A spouse. B. Employees. C. Minor children. D. Dependent parents. Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A policyowner may choose to have his/her life insurance policy dividends do all of the following EXCEPT A. reduce the policy premium. B. accumulate without interest. C. be paid to the policyowner in cash. D. purchase additional insurance protection. Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which of the following products is designed to pay benefits that can provide a stream of retirement income to the purchaser? A. annuity contract B. tax-deferred growth C. variable life insurance D. modified endowment contract Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A policyowner wants to name their 10-year-old child as the beneficiary of their life insurance policy. What is the most effective way to ensure the proceeds are managed responsibly until the child reaches adulthood? A. Name the estate as the beneficiary. B. Name the child directly as the beneficiary. C. Rely on the insurer to hold the proceeds. D. Establish a trust and name it as the beneficiary. Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A life insurance policy's double indemnity provision would apply when the policyowner's death occurs due to A. war. B. illness. C. an accident. D. natural causes. Submit Answer