An insured had a $10,000 term life policy. What does this mean to the beneficiaries? Log in for more information. Which of the following persons is required to hold a producer license? She would like to use the policy dividends to pay off her policy sooner than would have been possible otherwise. What characteristic makes whole life permanent protection? A temporary license may be issued for up to 180 days. If she decides to do a direct transfer from her plan to a traditional IRA, how much will be transferred from one plan administrator to another and what is the tax consequence of a direct transfer? Assuming that a policy does not contain an unconditional refund provision of at least 10 days, when must a Buyer's Guide and policy summary be provided? All riders that will cause the death benefit to increase? Search for an answer or ask Weegy. The purpose of the Tennessee Guaranty Association is to. A man decided to purchase a $100,000 Annually Renewable Term Life Policy to provide additional protection until his children finished college. D Business Entity. In which instance would the premium be tax deductible? Telling a client that his first premium will be waived if he purchases the insurance policy today. What option could the insured utilize? 180 days. 20/3 Rules of replacement apply to all of the following: An insurer must present a buyers guide and policy summary prior to accepting the applicant's initial premium, unless the policy contains an unconditional refund provision lasting at least how many days? A licensed counselor MAY NOT perform which of the following duties? All the following are true regarding rebates except? New answers. If an individual licensee's violation of the entrance code was known or should have been down by one or more of the partners, officers, or managers of the agency, what could happen to agency? How much energy is needed to move one electron through a potential difference of 1.0 102 volts, Includes procedures and techniques that are designed to protect a computer from intentional theft. Which type of life insurance policy generates immediate cash value? The applicant must file a certificate of completion of the prelicensing courses taken to prove that the courses were not taken more than 12 months before the Commissioner received the application. And insured has a modified endowment contract. There are just too many details and specifications which you must be certain of when looking for one. B. the designee of a licensed insurance producer who enters active duty in the US Armed Forces B 60 days It would be considered unfair discrimination to ask an insurance applicant about which of the following and then use that information as a rating factor to determine insurability? He has instructed the company to apply the policy dividends to increase the death benefit. A Restriction of authority Mutual-policyholders; Stock-stockholders. Asked 10/30/2021 2:23:39 PM. Rating. All of the following are true regarding rebates EXCEPT: A) Rebating can be anything of economic value, given as an inducement to buy B) Rebates are always allowed C) Rebates are only allowed if specifically stated in the policy D) Dividends are not considered to be rebates A. The ownership provision entitles the policyowner to do what? If an immediate annuity is purchased with the face amount at death or with the cash value at surrender, this would be considered a? all of the following would be considered rebating except
Busted Mugshots''henderson Ky,
John Mcenroe Daughters,
Articles A
all of the following would be considered rebating except