Ad banker life an Study guides, Class notes & Summaries

Life and Health AD Banker Comprehensive Exam Questions and Answers 100% Correct Life and Health AD Banker Comprehensive Exam Questions and Answers 100% Correct Life and Health AD Banker Comprehensive Exam Questions and Answers 100% Correct account assets? - ANSWER-Variable Of the following, which can a home office underwriter solely use to determine insurability of an applicant based on age, medical history, and amount of coverage? - ANSWER-A nonmedical application ...

AD Banker Comprehensive Final Exam Questions with answers. 100% pass rate. 2022/2023. Dividends if declared are paid: A. Annually B. Semi-annually C. Monthly D. Quarterly - A. Annually An insured dies within the time limit of an Increasing Term Rider and the beneficiary receives the face amount plus the value of all paid premiums. Which rider is attached to the policy? A. Return of Cash Value B. Term to age 100 C. Return of Premium D. Waiver of Premium - C. Return of Premium ...

AD Banker Life and Health Exam Practice Questions and Answers The individual who controls the contract and is responsible for making payments into the contract as well as having all of the contractual rights in the policy is the owner. - Correct Answer ️️ -owner A policy that pays for injury and illness off the job only. - Correct Answer ️️ - Nonoccupational Policy *Licensed, daily (but not 24-hour) care *Supervision of R.N. or L.P.N. *Daily medical patient record - Correct Answ...

AD Banker Comprehensive Exam Questions & answers. Rated A. 2022/2023 John is the agent for ABC Insurance and Jane is the insured. Who is the principal in this agency relationship? A. ABC Insurance B. None C. John D. Jane - A. ABC Insurance In an insurance contract the value that each party gives the other is said to be the: A. Subject matter B. Consideration C. Acceptance D. Offer - B. Consideration Which of the following is classified as an insurance broker? A A person in t...

Which statement is true for BOTH Universal Life and Whole Life? A) Premiums are fixed B) Premiums are flexible C) Death benefit is fixed D) Death benefit is flexible E) The policy is supported by the insurer's general account - Answer- The policy is supported by the insurer's general account In all cases upon the insured's death, the beneficiary receives: - Answer- The face amount of the policy Which of the following traditional whole life policies has the highest first-year annu...

Which statement is true for BOTH Universal Life and Whole Life? A) Premiums are fixed B) Premiums are flexible C) Death benefit is fixed D) Death benefit is flexible E) The policy is supported by the insurer's general account CORRECT ANSWER The policy is supported by the insurer's general account In all cases upon the insured's death, the beneficiary receives: CORRECT ANSWER The face amount of the policy Which of the following traditional whole life policies has the highest first...

AD Banker Life and Health Chapter 1 Exam Questions An agent that enters into agreements with more than one insurer is what? - correct answers Independent An insurer that is authorized to transact insurance in California and has been issued a Certificate of Authority from the California Department of Insurance is a(n): - correct answers Admitted Insurer Which statement is false regarding 'materiality' in California? A) A statement is material if its disclosure or lack of disclosure wo...

AD Banker Life and Health Chapter 3 Exam Questions and Answers (Graded A) Which statement is true for BOTH Universal Life and Whole Life? A) Premiums are fixed B) Premiums are flexible C) Death benefit is fixed D) Death benefit is flexible E) The policy is supported by the insurer's general account - Ans ️️ -The policy is supported by the insurer's general account In all cases upon the insured's death, the beneficiary receives: - Ans ️️ -The face amount of the policy Which ...

An agent that enters into agreements with more than one insurer is what? - Answer- Independent An insurer that is authorized to transact insurance in California and has been issued a Certificate of Authority from the California Department of Insurance is a(n): - Answer- Admitted Insurer Which statement is false regarding 'materiality' in California? A) A statement is material if its disclosure or lack of disclosure would change the insurer's decision to issue a policy for the same pr...

AD Banker Life and Health Chapter 3 Exam Questions and Answers (Graded A)