Life Insurance Basics

What is a clients largest asset?

• home

• ability to work

• car

• retirement accounts

What reason doesn't fit for why people don' t buy life insurance?

• Didn't think they could afford it

• Doesn't see a need for it

• Never got around to it

• Spouse can remarry

What are the names of our two choices for life insurance?

• Term Now and Custom Advantage

• Term and Cash Value

• Auto and Home

• Hopes and Prayers

What is backdating on our policies?

• When a client can pay premiums to go back a year for insurable age

• To check back in the date of your clients medical history

• Changing the date after a client signs the application

• Living your future through your high school accomplishments

On our child rider, at what age does the child rider cover the child?

• 1 year

• at the time of birth

• at the time of the policy

• 14 days

How much is one unit of life insurance

• 1

• 10

• 100

• 1000

How much does our increasing benefit rider increase the coverage by?

• 10%

• 5%

• 15%

• 20%

What is an advance?

• When the company pays you commission on the first nine months of premium

• When you get your promotion

• When you pick up a check from a client before the policy is written

• When you get your battle pack on fortnite

All term lengths pay the same amount to the agent.

• true

• false

What is QBI?

• Quality of Business Index

• Question and Bank Information

• Quantitative Brokerage Institution

• Quality of Business Investments