Chapter 1: Which of the following includes information regarding a person's credit, character, reputation, and habits?

ditos missing Q's

Quiz
•
Professional Development
•
Professional Development
•
Easy
Eddie Eddie
Used 5+ times
FREE Resource
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Agent's report
MIB report
Consumer report
Fair Credit report
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Chapter 1: Over several years, a policy-owner paid $10,000 in premiums for his insurance policy. When he suffered a loss, the insurance company paid out $50,000 in benefits. What characteristic of an insurance contract does this describe?
Unilateral
Adhesion
Conditional
Aleatory
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Chapter 2: Which of the following is an example of a limited-pay life policy?
Straight life
Life paid-up at age 65
Renewable term to age 70
Endowment maturing at age 65
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Chapter 2: An individual inherited a large sum of money at age 40 and wanted to use it to provide a guaranteed income after his retirement at age 60. Which of the following types of annuities would best meet this need?
Immediate
Flexible premium
Deferred
Variable
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Chapter 2: With a traditional whole life policy, the death benefit...
Remains constant over time
Increases over time
Decreases over time
Becomes pure death protection after 20 years
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Chapter 3: Which of the following statements is true of both the fixed-period and fixed-amount settlement options?
Both guarantee payments for the life of the beneficiary
Both guarantee that the principal and interest will be fully paid out
The amount of payments is based on the recipient's life expectancy
The size of installments decreases after a certain period of time.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Chapter 3: All of the following are nonforfeiture options in life insurance policies EXCEPT
Automatic premium loans
Cash surrender value
Extended term
Reduced paid-up insurance
Create a free account and access millions of resources
Similar Resources on Wayground
14 questions
Insurance Basics - I

Quiz
•
University - Professi...
11 questions
Travelers with Shelly 3/14

Quiz
•
Professional Development
20 questions
Mortgage Payments

Quiz
•
Professional Development
15 questions
SAGA - Sanchay Aajeevan Guaranteed Advantage by Rahul Sharma

Quiz
•
Professional Development
11 questions
CYFC Induction quiz

Quiz
•
Professional Development
12 questions
Persistency Quiz

Quiz
•
Professional Development
15 questions
Quiz - Financial Consultant

Quiz
•
Professional Development
20 questions
Insurance Basics & Auto Insurance

Quiz
•
9th Grade - Professio...
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade