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AD Banker Life and Health Exam Pack| Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
AD Banker Life and Health Exam Pack| Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
[Show more]AD Banker Life and Health Exam Pack| Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
[Show more]An applicant makes a statement on the insurance application which becomes part of the 
contract that she has an alarm system which qualifies her for a premium discount. This 
statement is considered a ________. 
: Warranty 
In an insurance contract, the value that each party gives the other is cal...
Preview 3 out of 18 pages
Add to cartAn applicant makes a statement on the insurance application which becomes part of the 
contract that she has an alarm system which qualifies her for a premium discount. This 
statement is considered a ________. 
: Warranty 
In an insurance contract, the value that each party gives the other is cal...
Failure to repay a loan or loan interest will void a life insurance policy: 
: If the total amount due equals or exceeds the policy's cash values 
An insured goes to the bank for a business start-up loan. Asking for more security, the 
bank agrees to accept a(n) __________ on a permanent life insu...
Preview 4 out of 31 pages
Add to cartFailure to repay a loan or loan interest will void a life insurance policy: 
: If the total amount due equals or exceeds the policy's cash values 
An insured goes to the bank for a business start-up loan. Asking for more security, the 
bank agrees to accept a(n) __________ on a permanent life insu...
(Insurance Companies or Carriers) provide insurance coverage by issuing particular 
insurance policies or contracts 
: Insurers 
Independent sales organizations that provide service and distribute insurance policies to 
consumers 
: Insurance Agencies 
are licensed individuals representing an insu...
Preview 4 out of 52 pages
Add to cart(Insurance Companies or Carriers) provide insurance coverage by issuing particular 
insurance policies or contracts 
: Insurers 
Independent sales organizations that provide service and distribute insurance policies to 
consumers 
: Insurance Agencies 
are licensed individuals representing an insu...
Dividends if declared are paid: 
A. Annually 
B. Semi-annually 
C. Monthly 
D. Quarterly 
: A. Annually 
An insured dies within the time limit of an Increasing Term Rider and the beneficiary 
receives the face amount plus the value of all paid premiums. Which rider is attached to 
the policy? 
A. ...
Preview 4 out of 65 pages
Add to cartDividends if declared are paid: 
A. Annually 
B. Semi-annually 
C. Monthly 
D. Quarterly 
: A. Annually 
An insured dies within the time limit of an Increasing Term Rider and the beneficiary 
receives the face amount plus the value of all paid premiums. Which rider is attached to 
the policy? 
A. ...
The individual who controls the contract and is responsible for making payments into 
the contract as well as having all of the contractual rights in the policy is the owner. 
: owner 
A policy that pays for injury and illness off the job only. 
: Nonoccupational Policy 
*Licensed, daily (but not 2...
Preview 4 out of 67 pages
Add to cartThe individual who controls the contract and is responsible for making payments into 
the contract as well as having all of the contractual rights in the policy is the owner. 
: owner 
A policy that pays for injury and illness off the job only. 
: Nonoccupational Policy 
*Licensed, daily (but not 2...
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