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Rhonda Sky
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Decks in this class (77)
Rest Of Ins
Insurer neglects to pay legitimat...,
Binding force in any contract on ...,
Contract must contain all of foll...
19
cards
Ins 3
Insureds age at time policy is is...,
Policy s savings element or livin...,
Amount of benefit stated in life ...
38
cards
Ins 4
Increasing term life ins that pay...,
Rop is paid to if,
Rop is structured to consider
11
cards
5
Policies that build cash value an...,
The most common permanent ins,
Whole life ins provides lifetime ...
15
cards
6
Which of following statements is ...,
Offer level premium based on issu...,
Straight life premium offers
16
cards
7
Requires entire premium to be pai...,
Only requires payment of premium ...,
Designed to provide with best of ...
21
cards
8
Aka flexible premium adjustable life,
Policyowner has flexibility to in...,
Policyowner may skip paying prem ...
12
cards
9
Recommended amnt to be paid in or...,
Purpose of target prem,
Allows beneficiary to collect bot...
18
cards
10
Flexibility to increase amount of...,
Variable whole life is based on,
Death protection of univ life
15
cards
11
To sell variable life must have,
All true of variable products exc...,
Interest sensitive whole life aka
23
cards
12
Joint life buying house for mortg...,
Used to insure lives of business ...,
Business continuation agreement t...
20
cards
13
All rights such as naming benefic...,
Recs benefits or payments life ex...,
Owner may be corporation trust or...
20
cards
14
Period when accumulated funds con...,
It is true regarding accumulation...,
The owner of annuity must be the ...
29
cards
15
Payments that the annuitant makes...,
Separate acct not part of insuran...,
Issuing insurance company does no...
16
cards
16
Annuity payment begins within 1 year,
Payments begin after 1 year,
Purchased with a single lump sum ...
17
cards
17
Unpaid benefits following death o...,
Life with period term certain,
Life income with 20 year period c...
11
cards
18
Define characteristics of insuran...,
Added to policy to modify provisi...,
Offer insurers and insureds ways ...
18
cards
19
Owner and insured not same called,
Transfer of all ownership rights ...,
Ownership provision does not enti...
15
cards
20
Primary beneficiary predecessors ...,
No beneficiaries alive at time of...,
Can be changed only with written ...
20
cards
21
Retains all values established at...,
Maximum time limit for reinstatement,
Pay back premiums plus interest m...
24
cards
25
Rider usually found in universal ...,
Only pays monthly deductions not ...,
In event of disability wave polic...
18
cards
Wow
Pays some multiple of face amount...,
Must occur within how manydays of...,
Benefit is normally 2 times face ...
24
cards
Sigh
Policyowner chooses one of the fo...,
Table showing nonforfeiture value...,
Once this option is selected insu...
20
cards
Ugh
Upon death or endowment contract ...,
If no selection made proceeds are...,
Provides recipients with income c...
16
cards
Ouch
Does not guarantee income for lif...,
Pays a fixed specified amount in ...,
Selects a specified fixed dollar ...
15
cards
Umm
Salaries wages commissions but no...,
Principl assumed that funds paid ...,
Income before taxes or other dedu...
13
cards
So…
Owner sells existing life policy ...,
Written as annually renewable ter...,
Master contract is for employer a...
13
cards
Photographic Chapter 3
In life settlement contract who s...,
Employee joining group ins plan h...,
Employee wants to enter group out...
10
cards
Retain Chap3
To qualify for conversion from gr...,
If employer group police plan ter...,
Characteristics of group life exc...
13
cards
Help
Group life ins is a single policy...,
Incorrect regarding noncontributo...,
He quits and converts group polic...
18
cards
Retain
Which considered non qualified re...,
Statements re non qualified retir...,
If retirement plan or annuity is ...
17
cards
New
The money that accumulates in the...,
Quits her job where has balance o...,
Traditional ira contributions are...
13
cards
Ayuda
Which would not qualify for a keo...,
Quits w 10000 in qualified plande...,
During ira direct transfer aka di...
13
cards
Oh
Portion of company s profit is co...,
If plan does not provide definite...,
Company can match employees contr...
13
cards
Oh Boy
Following are personal uses of li...,
Life ins proceeds may be used to ...,
All biz uses of life ins exceptfu...
13
cards
Wow
Key person,
When employer gives emp wage incr...,
All following true re executive b...
24
cards
Ok
Premiums paid by emp in biz life ...,
Recs payments consisting of both ...,
Advantage of qualified plans of e...
21
cards
Chapter 1
Insurance is the transfer of risk...,
Which is not an essential element...,
Ins contract must contain all exc...
60
cards
Chapter 2
0
cards
Chap4
W fair crediting reporting act wh...,
What term used for applicants wri...,
Policy and policy application and...
30
cards
Chapter 5
Unforeseen and unintended injury ...,
Type of employee benefit plan tha...,
Termination of in force insurance...
32
cards
Chapter 5 Contd
Unlike basic medical expense plan...,
Comprehensive coverage for hospit...,
Two common types of major medical...
32
cards
Chapter 5 Continued 2
Does not describe principal goal ...,
Unbundled and paid for separately,
Which does not describe principal...
23
cards
Chatpter 5 Part 3
High deductible health plans are ...,
Higher deductible health plan fea...,
Except for preventative care the ...
33
cards
Chapter 5 Cont 4
Wait period of often with probati...,
Purpose of probationary period is...,
Adverse selection against insurer...
26
cards
Ch 5 Cont 5
Insured is hospitalized with back...,
If business owner becomes totally...,
In event of loss business overhea...
25
cards
Chapter 5 Cont 6
Which of these special policies c...,
All following apply to short term...,
Most policies will pay accidental...
29
cards
Chap 5 Cont 7
Optional benefits with long term ...,
Not an activity of daily living a...,
Regarding optional benefits with ...
39
cards
Chapter 5 Cont 8
Purpose of cobrato provide covera...,
In order to maintain cobra how so...,
Qualifying event re cobraterm of ...
23
cards
Chapter 6
Policy written on noncancellable ...,
Beneficiary who has a vested inte...,
National association of insurance...
30
cards
Chapter 6 Part 2
Linda broke her hip and notified ...,
In event of loss after notice of ...,
Which of following is mandatory f...
17
cards
Chapter 6 Pt3
Injured while robbing convenience...,
Excludes coverage for injuries in...,
Purchased policy as window washer...
32
cards
Chapter 6 Pt 4
L has major medical policy with 5...,
Ray has individual major medical ...,
The less the insurer must pay wit...
39
cards
Chapter 6 Pt 5
Not feature of guaranteed renewab...,
Has all same features that noncan...,
Premiums can only be increased on...
13
cards
Chapter 7
Period of time during which benef...,
Person enrolled in health ins pla...,
Conditions insured has recd diagn...
35
cards
Chapter 7 Part 2
Monthly part a premiums are requi...,
If beneficiary has paid medicare ...,
If medicare taxes have been paid ...
27
cards
Chapter 7 Part 3
Medicare adv is also known as med...,
All of the following are advantag...,
Which is not correct re medicarem...
46
cards
Chapter 7 Part 4
Which benefit is based on person ...,
Age 27 and meets definition of to...,
Which would social security disab...
34
cards
Chapter 7 Pt 5
Insurer combines two periods of d...,
Typically 50 of total disability ...,
Provision specifies period of tim...
25
cards
Chapter 7 Pt 6
Attributable benefits recd by emp...,
Under key person disability incom...,
No deductible to the business how...
30
cards
Chap 7 Pt 7
Under what condition are grou dis...,
When would employee ss group medi...,
Insured under employer s group di...
11
cards
Chapter 8
Forceful act or threat aimed to i...,
Payment to agent by ins company f...,
Not subject to obligation exempts...
21
cards
Chapter 8 Pt 2
A participating ins policy may do...,
On participating policy issued by...,
Major difference between a stock ...
27
cards
Chapter 8 Pt 3
Anyone who violates the inns code...,
Insurer or agent must respond to ...,
Person who violates a cease and d...
32
cards
Chapter 8 Pt 4 And Ch 9
Temporary license holder can rec ...,
Applies for life policy two years...,
Which could legally rec commissio...
30
cards
Ch 9
Interest adjusted net cost method,
Comparative interest rate method,
Free look period
21
cards
Chap 9 Pt 2
Method considers time value of mo...,
Which is used to compare cost of ...,
Comparative interest rate
26
cards
Chapter 9 Pt 3
Conversion to an individual whole...,
Incontestability period in group ...,
Upon submission of death claim un...
25
cards
Chapter 10
Nnot subject to an obligation,
Policy written on a noncancellabl...,
Pays health policy benefits to in...
18
cards
Ch 10 Pt2
Issue age policy premiums increas...,
Patient protection and affordable...,
Eligibility for tax credits under...
8
cards
Chapter 11
Document issued to provider by de...,
Policy termination at its expirat...,
Provide medical and hospital bene...
22
cards
Exam
Not true re medicaid funded by st...,
License required for variable ann...,
All differences between individua...
214
cards
Exam 2
Not covered under ltcs home healt...,
Policy lapses due to nonpayment o...,
Who bears all risk in fixed annui...
130
cards
Exam 3
Which best describes pure life an...,
An insured owns a 50000 whole lif...,
Which will be appropriate for par...
131
cards
Exam 4
If insured under variable life in...,
All examples of third party owner...,
If hmo is cancelled how long must...
113
cards
Last Exam
How much notice must department p...,
When are agents required to provi...,
When enrolling an applicant for h...
61
cards
Last Exam
0
cards
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Ins
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