A. Semi-annually
B. Monthly
C. Bi-weekly
D. Quarterly
A. adjustable life.
B. variable universal life.
C. graded premium whole life.
D. universal life.
A. Insure insurers.
B. provide insurance to otherwise uninsurable individuals.
C. keep premiums low.
D. provide alternative means.
A. the policyholder has a policy from another insurer.
B. the loss is expected.
C. deductibles would be required.
D. there are many individuals who may also experience a similar loss.
A. Return of Investment approach
B. Human Life Value approach
C. Affordability approach
D. Needs approach
A. company underwriter approves the risk.
B. application is signed.
C. policy is delivered and accepted.
D. application is postmarked and mailed to the insurer.
A. A non-admitted insurer is required to submit forms to the Department of Insurance.
B. A non-admitted insurer is not afforded protection by the guaranty fund.
C. A non-admitted insurer is required to submit rates for approval.
D. A non-admitted insurer is also known as a domestic insurer.
A. Nonforfeiture period.
B. Payout period.
C. Accumulation period.
D. Annuity period.
A. cost containment
B. underwriting
C. adverse selection
D. claims experience
A. between the death of the insured individual and the payment of the benefits.
B. after the premium is paid and before the policy is issued.
C. after the premium is due but while the policy remains in force.
D. after the premium is received and before the policy is issued.
