This class was created by Brainscape user Justin W. Visit their profile to learn more about the creator.
By:
Justin W
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Decks in this class (11)
chapter 1 Basic Principals of Life Insurance
Life insurance is based on,
Health insurance is based on,
2 basic reason for insurance
53
cards
Chapter 3 Policies, provisions, options, and riders
3 basic categories of coverage,
Ordinary insurance,
Industrial insurance
26
cards
Chapter 4 Premiums, proceed, and Beneficiairies
1035 exchange,
Accelerated benefits,
Cash value
24
cards
Chapter 5 Underwriting and Policy Issue
True or false underwriters determ...,
Agents are sometimes referred to ...,
Who has to sign each application
15
cards
Chapter 6 Group Life Insurance
Basic principle of group insurance,
Experience rating,
Under a group policy the group as...
21
cards
Chapter 7 Annuities Fixed and Variable
Life insurance based on building ...,
Accumulation phase,
Payout period
23
cards
Chapter 8 Social Security
Purpose of social security,
Fica taxes,
Oasdi
16
cards
Chapter 9 Retirement
2 categories of retirement plans,
Qualified,
Non qualified
21
cards
Chapter 10 Uses of Life Insurance
Human life value approach,
Needs approach,
Is term life a reliable retiremen...
20
cards
Chapter 11 NC Statutes and Limitations
Contract of insurance,
North carolina commissioner of in...,
True or falsewhen licensee is acc...
25
cards
Chapter 2 Legal Concepts of the Insurance Contract
4 elements comprising a legally b...,
The effective date of a policy is,
An insurance contract is conditio...
35
cards
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NC Life Insurance Exam
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