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| 17. The original issue amount is considered the guaranteed minimum face amount of a ___ policy |
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| 18. All variable insurance applications must contain a question of the suitablity of variable products for the prospecitve buyer. (T or F) |
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| 19. Couples normally purchase the Joint and Survivors policy because of their estate tax concerns. (T or F) |
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| 20. if a father owns a policy on a child with a payor premium benefit attached, what amount of the premium is waived if the father becomes disable? What amount is waived if the mother becomes disabled? |
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| 21. Mr. Brown's life insurance policy insures his life for $50,000, his wife for $25,000 and each child that is 14 days to 23 years of age for $5,000. What type of rider did Mr. Brown have added to his policy. |
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| 22. The Waiver of Premium rider normally has an elimination period for which of the following time periods? A) 31 days B) 2 years C) 30 days is insured is over 65 D) 6 months |
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| 23. One major difference between a Family Maintenance and a Family Income policy is the timeline for the claim settlement of the income benefit. (Y or N) |
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| 24. When comparing policy values you might use either a Surrender Cost Index or the _____ |
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Definition
| -Comparative Interest Rate (CIR) |
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| 25. Which of the following is not a flexible policy? A) Universal life B) Modified Whole Life C) Variable Life |
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| 26. Graded Premimum Whole Life is simila to which of the following? A) Term B) Universal Life C) Modified Whole Life D) Guaranteed Insurablility |
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| 27. Which of the following is not a policy rider? A) COL (Cost of Living) B) VOL C)Double indemnity D) Guaranteed Insurability |
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| 28. Sam was involved in an industrial accident in March and passed away from those injuries in August. Does the Double Indemnity Benefit apply in Sam's case? (Y or N) |
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| 29. The Viatical Trust Agreement is used in retirement planning by Home Service insurers. (T or F). |
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