Life Insurance Policy Types and Features
Flashcard
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Other
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Professional Development
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Hard
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41 questions
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1.
FLASHCARD QUESTION
Front
If the insured can use the policy while alive, what does the policy have?
Back
Living Benefits
2.
FLASHCARD QUESTION
Front
A policy that can be changed from term to whole is known as
Back
Convertible
3.
FLASHCARD QUESTION
Front
If a policy can be renewed its known as
Back
Renewable
4.
FLASHCARD QUESTION
Front
Term insurance premiums are
Back
Level
5.
FLASHCARD QUESTION
Front
Which policy covers debt owed if the insured dies?
Back
Credit Life
6.
FLASHCARD QUESTION
Front
All the following are characteristics of a group policy except:
Purpose of the group is another reason then insurance,
Fiscal strength of the group,
Size of group,
individual medical history assessment
Back
individual medical history assessment
7.
FLASHCARD QUESTION
Front
Who gets a copy of a policy in a group contract?
Back
The Group Sponsor
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