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nana Adusepoku
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Decks in this class (18)
Chapter 1 (Key concept & terms)
Agent producer,
Applicant or proposed insured,
Beneficiary
32
cards
Chapter 1 (Classification of Insurers)
Private insurance companies can b...,
____________ are the most common ...,
Stock companies
14
cards
Chapter 1 (Producers and General Rules of Agency)
An agent producer is an individua...,
___________ defines the relations...,
What are some characterics of the...
13
cards
Chapter 1(Contracts)
A contract,
In order for insurance contracts ...,
There must be a definite offer by...
19
cards
Chapter 2
Adverse selection,
Death benefit,
Cash value
70
cards
Chapter 2(producer responsibilities)
A ___________ provides basic gene...,
A ___________ is a written statem...,
The_________ compares the cash va...
21
cards
Chapter 2 (Company Underwriting)
An insurance application is the _...,
If however the underwriter sees a...,
In addition to an attending physi...
11
cards
Chapter 2 (Premium Determination)
Premiums are paid in ___________,
__________ is the ratio of the nu...,
____________ used by insurers ind...
9
cards
Chapter 2 (Policy Issue and delivery)
When the insurer relinquishes con...,
When an agent hand delivers an in...,
In addition the agent should expl...
7
cards
Chapter 3(Term life insurance)
____________ is temporary protect...,
Term insurance provides what is k...,
_________ provides the greatest a...
13
cards
Chapter 3 (Whole life insurance)
____________ life insurance is a ...,
___________ provides lifetime pro...,
Level premium
10
cards
Chapter 3 (Flexible Premium Policies)
___________ was developed in an e...,
________ insurance is also known ...,
The _________ premium is the amou...
10
cards
Chapter 3 (Variable Life)
___________ insurance sometimes r...,
In ______________ the policyowner...,
_______________ is a combination ...
6
cards
Chapter 3 (Specialized Policies)
__________ is a single policy tha...,
The premium is based on a _______...,
The death benefit is paid upon th...
7
cards
Chapter 3 (Group Life Insurance)
___________ is issued to the spon...,
Instead each insured participant ...,
Purpose or nature of the group
8
cards
Chapter 4 (Life Insurance Policy Provisions, Riders, and Options)
What dividend option is automatic...,
If a settlement option is not cho...,
What beneficiary designation has ...
45
cards
Chapter 5 (Annuities)
How soon can income payments begi...,
How are annuities classified depe...,
What causes a variable annuity be...
35
cards
Chapter 6 (Federal Tax Considerations for Life Insurance)
What are some examples of qualifi...,
What is required to qualify an in...,
What are the consequences of with...
15
cards
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Insurance
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