Question 1

What is one of the benefits of contributing to the OPP Rider?

Accepted Answer

Increase cash value

Answer

Decrease cash value

Answer

Increase term length

Answer

No effect on cash value

Question 2

How can you determine if a Whole Life contract has Old OPP?

Accepted Answer

Review Claims tab in Policy Admin Web (PAW) or MRDP

Answer

Ask the client directly

Answer

Check Service Central

Question 3

What is the minimum Lump Sum payment amount for AD107 EWL?

Accepted Answer

$50.00

Answer

$25.00

Answer

No minimum

Answer

$75.00

Question 4

What is the monthly draft amount required for COM OPP on AD107 EWL?

Accepted Answer

$5.00

Answer

$25.00

Answer

$10.00

Answer

$50.00

Question 5

What happens if no OPP premiums have been paid for three anniversaries in a row?

Accepted Answer

OPP rider will end

Answer

Premiums will decrease

Answer

Policy will cancel

Answer

OPP rider will double

Question 6

How can a client change from Lump Sum OPP to Billable OPP?

Accepted Answer

Call center representatives can accept requests at the point-of-call

Answer

The client cannot change to Billable OPP if the policy is already set to Lump Sum OPP

Answer

Contact the State Insurance department

Question 7

What are the charges deducted from each payment made into the OPP Rider?

Accepted Answer

Expense charge and potentially late payment adjustment factor

Answer

License renewal fee

Answer

Maintenance fee

Answer

Tax fee and commission fee

Question 8

What is the OPP Rider used for?

Accepted Answer

To purchase additional paid up insurance

Answer

To skip premium payments

Answer

To pay double the face amount for accidental death

Answer

To change dividend option

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