This class was created by Brainscape user Mejor Aun. Visit their profile to learn more about the creator.

Decks in this class (21)

Life Insurance 01. Term Insurance
1 when did i buy the term life in...,
2 what are the two basic types of...,
3 what are the characteristics of...
6  cards
Life Insurance 02. Cash Value Life Insurance
1 what is cash value life insurance,
2 why is cash value life insuranc...,
3 what are the various ways that ...
8  cards
Life Insurance 03. Whole Life Insurance
A what is whole life insurance,
B when you first take out the pol...,
3 some whole life policies let yo...
4  cards
Life Insurance 04. Universal Life Insurance
1 what is universal life insurance,
2 increases in your coverage may ...,
3 if your yearly premium payment ...
6  cards
Life Insurance 05. Variable Life Insurance
1 what is variable life insurance,
2 what is the benefit drawback of...,
End
3  cards
Life Insurance 06.
1 can this policy be converted,
2 when does this policy end as lo...,
3 what does it meat that this pol...
13  cards
Life Insurance 07. Modal Factor
1 why do we have to pay more via ...,
2 the modal factors simply reflec...,
3 if you pay 500 for the first 6 ...
5  cards
Life Insurance 08. Premiums
A when is the conversion period a...,
2 what is the initial term period...,
3 when is the expiration date for...
11  cards
Life Insurance 09
1 what is the base annual premium,
2 how does the premium change aft...,
3 what is the maximum annua premi...
4  cards
Life Insurance 10. Definitions
1 absolute assignment,
2 age,
3 application
7  cards
Life Insurance 11. Definitions
1 contingent owner,
2 death benefit,
3 endorsement
8  cards
Life Insurance 12. Definitions
1 insured,
2 irrevocable beneficiary,
3 issue age
7  cards
Life Insurance 13. Definitions
1 policy,
2 policy anniversary,
3 policy effective date
8  cards
Life Insurance 14. Definitions
1 rider,
2 initial term period,
3 total initial modal premium
3  cards
Life Insurance 15. General Provisions
1 the entire contract between the...,
2 any application for additional ...,
3 any change or waiver of any pro...
9  cards
Life Insurance 16. General Provisions
1 how can the beneficiary borrow ...,
2 while the insured is alive or u...,
3 protection against creditors ow...
5  cards
Life Insurance 17. Ownership Provisions
1 policy owner who is the owner o...,
2 your rights as an owner end on,
3 while the insured is living you...
10  cards
Life Insurance 18. Beneficiary
1 page 8 of insurance contract th...,
2 the rights of the beneficiary u...,
3 there are two types of benefici...
7  cards
Life Insurance 19. Premiums
1 when is each premium due,
2 when does the policy terminate,
3 what is needed to renew the policy
7  cards
Life Insurance 20. Conversion Provision
1 when can you convert this policy,
2 insurance up to the face amount...
2  cards
Life Insurance 21. Claim Processing
1 aaa will pay the death benefit if,
2 to claim the death benefit aaa ...,
3 the death benefit will be paid in
5  cards

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01. Life Insurance

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