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Q 1/20
Score 0
Mr. Kho’s participating whole life insurance policy includes a waiver of premium for disability benefit. During the period when premium payments are being waived under this provision, the cash value of this policy will
30
remain the same and Mr. Kho will continue to receive policy dividends
stop increasing for the term of the rider
increase and Mr. Kho will continue to receive policy dividends
decrease but Mr. Kho will continue to receive policy dividends
Q 2/20
Score 0
An applicant wants to get a participating policy which will have the maximum cash available for emergencies. Which of the following should he select?
30
accumulated dividend
paid-up addition
loan value c
extended term insurance
20 questions
Q.
Mr. Kho’s participating whole life insurance policy includes a waiver of premium for disability benefit. During the period when premium payments are being waived under this provision, the cash value of this policy will
1
30 sec
Q.
An applicant wants to get a participating policy which will have the maximum cash available for emergencies. Which of the following should he select?
2
30 sec
Q.
A whole life policy provides
3
30 sec
Q.
A prospect tells you that he wants the highest coverage possible for the least annual cash outlay. Would you offer him
4
30 sec
Q.
A company can restrict its liability if death occurs as a result of an aviation accident. The aviation exclusion clause usually applies to which of the following?
5
30 sec
Q.
A Family Income Rider is specifically designed to
6
30 sec
Q.
A prospect tells you that he wants to be insured for life but he does not want to pay premiums after he retires at age 65. Would you offer him
7
30 sec
Q.
A prospect tells you that he wants to be insured at age 65 but he does not want to pay more than the minimum possible level of premiums. Would you offer him
8
30 sec
Q.
A prospect tells you that he wants to be insured for life at the least annual cost until he dies. What would you offer him?
9
30 sec
Q.
Limited payment life policies are called such because these policies
10
30 sec
Q.
All of the following are correct statements except:
11
30 sec
Q.
At the end of 25 years, which statement is true for a 25-Pay Life and is not true for a 25-Year endowment?
12
30 sec
Q.
All of the following policies can be used to afford retirement income except:
13
30 sec
Q.
A term policy provides
14
30 sec
Q.
Applicants for life insurance with moderate physical impairments are called sub-standard risks and
15
30 sec
Q.
A policy requiring the payment of premiums through life, or until the cash value equals its face value at age 100 is called
16
30 sec
Q.
A prospect tells you that he has a loan with a financial institution and he would like an insurance company to pay it off if he dies, but, he is hard-up and he wants this coverage at the lowest possible cost. Would you offer him
17
30 sec
Q.
Which of the following statements is incorrect?
18
30 sec
Q.
In a child insurance policy, the Parent Waiver Clause is?
19
30 sec
Q.
A person’s human economic value is defined as the
