Massachusetts Life Insurance EXAM Questions And Answers With Verified Solutions Graded A+
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Course
Massachusetts Life Insurance
Institution
Massachusetts Life Insurance
Which of these is an accurate statement regarding the fixed period settlement option on a life insurance
policy? - A portion of the payments paid to the beneficiary comes from interest calculated on the
proceeds of the policy
A life insurance policy that includes a return of premium rider will p...
Massachusetts Life Insurance EXAM Which of these is an accurate statement regarding the fixed period settlement option on a life insurance policy? - A portion of the payments paid to the beneficiary comes from interest calculated on the proceeds of the policy A life insurance policy that includes a return of premium rider will pay the beneficiary how much upon the insured's death? - Total premiums paid + face amount A life insurance policyowner sells her policy to a third party in a life settlement. Under this transaction, the policy owner - receives an amount less than the policy's death benefit. A life insurance producer's underwriting duties may include - seeking additional information requested by the insurance company all of these statements correctly describe an aleatory contract EXCEPT - Only one party makes any kind of legally enforceable offer Which of these is an accurate statement regarding the fixed period settlement option on a life insurance policy? - A portion of the payments paid to the beneficiary comes from interest calculated on the proceeds of the policy An agent's authority to bind an insurer to an insurance contract may be granted in the - agent's contract and the insurance company's appointment An insurance company may NOT use a policy form unless it has been approved by the Superintendent for at least _____ days. - 30 The payment of the first premium, the promise to pay a covered loss, and the agreement to abide by policy conditions are all examples of - Consideration A foreign insurer wishing to conduct business in MA must obtain - certificate of authority
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