Health Care > EXAM > Life Insurance Practice Exam: Questions & Answers: A+ Guide (All)

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Life Insurance Practice Exam: Questions & Answers: A+ Guide

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The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n)? (Ans- Conditional Receipt Statements in the application for i ... nsurance that are believed to be true to the best of applicant's knowledge are called? (Ans- Representations. An annuity is considered fixed when it does all of the following Except? (Ans- Provides the annuitant with an interest rate that is the lesser of the guaranteed or current rate. The most common type of whole life insurance where premiums are payable over the whole life of the insured to age 100 is called? (Ans- Continuous premium (straight) life. The policy and a copy of the application, along with any riders and amendments, is called the? (Ans- Entire contract. Money borrowed from the policy's cash value is? (Ans- Not taxable. Which of the following annuity products requires an agent to hold a securities license? (Ans- Variable Annuities. [Show More]

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