Question 1

How many different options are there available for the payment of life insurance proceeds for a death claim to the designated beneficiary?

Accepted Answer

A)  Three. 
B)  Five. 
C)  Seven. 
D)  Eleven. 
A)  Three. 
B)  Five. 
C)  Seven. 
D)  Eleven. B

Question 2

"Interest Only" is a:

Accepted Answer

A)  Advanced Death Benefit. 
B)  Fixed Amount. 
C)  Nonforfeiture Option. 
D)  Settlement Option. 
A)  Advanced Death Benefit. 
B)  Fixed Amount. 
C)  Nonforfeiture Option. 
D)  Settlement Option. D

Question 3

The sale of a life insurance contract to a third party for a value in excess of the contract's cash surrender value, but less than the contract's death benefit is a:

Accepted Answer

A)  Accelerated Benefit Rider. 
B)  Guaranteed purchase option rider. 
C)  Life Settlement. 
D)  Viatical Settlement. 
A)  Accelerated Benefit Rider. 
B)  Guaranteed purchase option rider. 
C)  Life Settlement. 
D)  Viatical Settlement. C

Question 4

Which of the following is not a nonforfeiture option?

Accepted Answer

A)  Cash Surrender. 
B)  Extended loan. 
C)  Extended Term. 
D)  Reduced Paid-up. 
A)  Cash Surrender. 
B)  Extended loan. 
C)  Extended Term. 
D)  Reduced Paid-up.

Question 5

Health Flexible Spending Arrangements are funded by:

Accepted Answer

A)  Employee salary reductions only. 
B)  Employer contributions only. 
C)  Employee salary reductions or employer contribution, but not both. 
D)  Employee salary reductions, employer contributions, or a combination of both. 
A)  Employee salary reductions only. 
B)  Employer contributions only. 
C)  Employee salary reductions or employer contribution, but not both. 
D)  Employee salary reductions, employer contributions, or a combination of both.

Question 6

Which of the following are the most basic forms of health insurance?
I. HMO
II. Hospital expense
III. PPO
IV. Physician's expense

Accepted Answer

A)  I, II 
B)  II, III 
C)  II, IV 
D)  I, III 
A)  I, II 
B)  II, III 
C)  II, IV 
D)  I, III

Question 7

Universal and variable universal life policies have two types of disability riders. The riders are:

Accepted Answer

A)  Waiver of mortality charges and waiver of premium. 
B)  Waiver of mortality expenses and waiver of scheduled premium. 
C)  Waiver of expense charges and waiver of mortality premium. 
D)  Waiver of scheduled charges and waiver of scheduled premium. 
A)  Waiver of mortality charges and waiver of premium. 
B)  Waiver of mortality expenses and waiver of scheduled premium. 
C)  Waiver of expense charges and waiver of mortality premium. 
D)  Waiver of scheduled charges and waiver of scheduled premium.

How many different options are there available for the payment of life insurance proceeds for a death claim to the designated beneficiary?

"Interest Only" is a:

The sale of a life insurance contract to a third party for a value in excess of the contract's cash surrender value, but less than the contract's death benefit is a:

Which of the following is not a nonforfeiture option?

Health Flexible Spending Arrangements are funded by:

Which of the following are the most basic forms of health insurance? I. HMO II. Hospital expense III. PPO IV. Physician's expense

Universal and variable universal life policies have two types of disability riders. The riders are:

Personal Financial Planning

The Statement on Standards in Personal Financial Planning Services

Time Value of Money Concepts

Fundamentals of Personal Financial Planning

Estate Planning Basics

Charitable Gift Planning Basics

Principles of Risk and Insurance

Insurance Planning Basics, Part II

Investment Basics

Investment Planning

Planning for Retirement and Financial Independence

Planning Vehicles for Retirement

Elder Planning Basics

Education Planning Basics

Applications in Estate Planning

Applications in Risk Management

Applications in Investment Planning

Applications in Planning for Retirement

Applications in Employee Benefits Planning

Applications in Executive Compensation Planning

Applications in Personal Financial Planning in Special Circumstances

Delivery Models and Regulatory Issues

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Exam 8: Insurance Planning Basics, Part I

How many different options are there available for the payment of life insurance proceeds for a death claim to the designated beneficiary?

"Interest Only" is a:

The sale of a life insurance contract to a third party for a value in excess of the contract's cash surrender value, but less than the contract's death benefit is a:

Which of the following is not a nonforfeiture option?

Health Flexible Spending Arrangements are funded by:

Which of the following are the most basic forms of health insurance? I. HMO II. Hospital expense III. PPO IV. Physician's expense

Universal and variable universal life policies have two types of disability riders. The riders are:

Personal Financial Planning

The Statement on Standards in Personal Financial Planning Services

Time Value of Money Concepts

Fundamentals of Personal Financial Planning

Estate Planning Basics

Charitable Gift Planning Basics

Principles of Risk and Insurance

Insurance Planning Basics, Part II

Investment Basics

Investment Planning

Planning for Retirement and Financial Independence

Planning Vehicles for Retirement

Elder Planning Basics

Education Planning Basics

Applications in Estate Planning

Applications in Risk Management

Applications in Investment Planning

Applications in Planning for Retirement

Applications in Employee Benefits Planning

Applications in Executive Compensation Planning

Applications in Personal Financial Planning in Special Circumstances

Delivery Models and Regulatory Issues

Filters