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

Decks in this class (11)

Ch 1: Insurance Basics
Pure risk,
Speculative risk,
What does starr stand for
34  cards
Ch 2: Insurance Companies & Distribution Systems
Stock companies are owned by,
In a stock company who gets divid...,
In a stock company what kind of p...
8  cards
Ch 3: Economic Basis Of life Insurance
Life insurance creates what,
What is the human life value appr...,
Continuous premium whole life ins...
37  cards
Ch 4: Policy Provisions
What needs to exist at the time o...,
What is third party ownership,
The title page
33  cards
Ch 5: Life Insurance Policy Options & Riders
What are the three nonforfeiture ...,
What is cash surrender option,
What is included in cash values
27  cards
Ch 6: Underwriting
What are non medical applications,
What s required from the applican...,
What is the medical information b...
9  cards
Ch 7: Group Life Insurance
What s an advantage of group life...,
How are premiums determined in gr...,
What s a disadvantage of group in...
9  cards
Ch 8: Tax Considerations
Interest earned is ________ taxable,
How is cash surrender value taxed,
How are accelerated benefits ride...
9  cards
Ch 9: Business Insurance
What is a cross purchase plan,
What is entity purchase plan,
What is key person insurance
5  cards
Ch 10: Annuities
What are the two primary reasons ...,
While an annuity contract is bein...,
How are annuities funded
13  cards
Ch 11: Retirement Plans
Designed to provide a minimum flo...,
What is a qualified plan,
What is a non qualified plan
14  cards

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Life Insurance

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