Life Insurance

If an application is turned in that is not complete, it must

When does coverage begin under conditional receipt

Who must sign the insurance application

A policy covering more than one individual that pays upon the first death

The Waiver of Premium applies if the insured gets

A policy loan will result in the death benefit

If the parent of guardian, or "payor" dies or gets disabled the _______ rider will pay

A Keogh, or HR-10 would be available for a

Adjustable Life allows the policyowner to change all except

A rider that may pay a portion of the death benefit in advance of death for terminal illness

The age that a person cannot start, or continue to contribute to a Traditional IRA

A feature that allows the policy to be continued when it expires without taking a medical test

Whole life "endows" at age

An annuity that the growth is based on the S&P 500

The federal law that governs the use of credit information is the

The Agent's Report would be completed

The best policy to use for mortgage insurance is

To reinstate a policy the insured must do the following EXCEPT

Only if the individual has given consent a test for ______ can be done

The nonforfeiture option with the same death benefit as the original policy

A rider that could pay a multiple of the benefit

The beneficiary of a Key Person insurance plan is the

Most of the information the underwriters use come from the

A misstatement of age may result in the adjustment of the benefit based on the

When the employer pays all or part of the insurance premium on an employee

A new policy is written and an old policy is canceled, this is a policy

Coverage becomes effective when the policy is delivered and the first premium is paid

If signature is required from the beneficiary, he/she has been designated

One of the most common kinds of permanent insurance is

A policy that would require the producer to have a license issued by FINRA is

An annuity that has one big payment, but benefits will be put off for years

If an individual withdraws from a qualified account before

The individual that has the right to name and change the beneficiary is the

Rather than a policy, each insured under a group policy receives a

The amount of money that may trigger the Suspicious Activity Report (SAR) is

The rider that allows the additional insurance regardless of health

If someone dies with no beneficiary the estate will get the death benefit

A death during the grace period would result in the claim

At what point in time is insurable interest required?

Because STOLI lacks _______, it is not a legal contract

An example of a limited pay policy

An example of a Nonqualified plan

In a contributory group insurance plan, ____ percent of eligible employees are included

Statements on the application are

A policy that can be changed from term to permanent insurance

Because the cash value is in the stock market, with Variable Life Insurance the cash value is

The promise to pay would be set forth in the

The transfer of ownership rights to another individual or entity is

First in line to receive the death benefit is the

Term insurance is also known as ________ insurance

After ___ years, death from suicide is covered

The aviation exclusion does not apply to

Universal Life has all the following features EXCEPT

The Free Look period is

A copy of the application is required per the ________ provision

The policy summary includes all of the following information EXCEPT

The unintentional lapse of a policy may be prevented by the

Any time interest is paid to the policyowner or beneficiary

A Modified Endowment Contract (MEC), is a policy that

After ___ years the policy becomes incontestable

The settlement option that pays installments at a specified dollar amount

A modification to a policy that adds or restricts benefits

The Taxable Wage Base is

A higher premium will be charged for

A 403(b) would be for

Admission to a nursing or convalescent facility could be paid by the

The dividend option that would create taxable income to the policy owner

The policy that allows a partial surrender is