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Indiana Life and Health Insurance Study Exam (xcelsolutions)Correct 100%EXAM BUNDLE

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Indiana Life and Health Insurance Study Exam (xcelsolutions)Correct 100%EXAM BUNDLEIndiana Life and Health Insurance Study Exam (xcelsolutions)Correct 100%EXAM BUNDLEIndiana Life and Health Insurance Study Exam (xcelsolutions)Correct 100%EXAM BUNDLEIndiana Life and Health Insurance Study Exam (xcelsolutions)Correct 100%EXAM BUNDLEIndiana Life and H

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Indiana H&L Insurance Exam Study Guide 100% Accurate

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An example of an Unfair Claims Settlement Practice would be: - ANSWER Failing to effectuate prompt, fair and equitable settlements of claims (not handling a claim in an accurate/timely manner) Waiver-of-Premium Provision - ANSWER If the insured becomes totally disabled, all premiums coming due during the period of disability are waived T is the policy owner for a life insurance policy with an irrevocable beneficiary designation. If T wishes to change the beneficiary, T must obtain permissi...

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Indiana Health and Life Insurance Exam Practice 3 Correct 100%

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An underwriter evaluation of information on a life insurance application is also known as : - ANSWER risk classification An example of a Limited-Pay Life policy is: - ANSWER Life Paid- Up at Age 65 The signed document that starts the free look period is the: - ANSWER delivery receipt Under a Guaranteed Renewable provision in a policy issued to a group of person an insurance company may NOT terminate coverage on a group member if the member: - ANSWER becomes disable

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Indiana Life and Health Insurance State Exam (Part 2)100% Correct

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Which of these is NOT considered to be a right given to a policyowner? - ANSWER Modify a provision in the insurance contract M completes an application for life insurance but does not pay the initial premium. All of these actions must occur before M's policy goes into effect, EXCEPT: - ANSWER Free-look period has expired Which of these actions does NOT constitute life insurance policy replacement? - ANSWER Convert term coverage to a

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Indiana Life and Health Insurance Final Exam Accurate 100%

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Which of these is NOT considered to be a violation of the Unfair Competition Law in Indiana? monopolize or restrain trade making unsubstantiated criticisms about an insurance company pay insurance commissions to an unlicensed individual paying a finder's fee to an individual who provides a sales lead - ANSWER paying a finder's fee to an individual who provides a sales lead A viatical settlement agent, according to the Indiana Department of Insurance, is an individual who finances ...

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Indiana Life and Health Insurance Final Exam Accurate 100%

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Which of these is NOT considered to be a violation of the Unfair Competition Law in Indiana? monopolize or restrain trade making unsubstantiated criticisms about an insurance company pay insurance commissions to an unlicensed individual paying a finder's fee to an individual who provides a sales lead - ANSWER paying a finder's fee to an individual who provides a sales lead A viatical settlement agent, according to the Indiana Department of Insurance, is an individual who finances ...

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Indiana Life and Health Insurance State Exam Simulator Accurate 100%

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An architecture firm would stand to lose a lot of money in the event of the death of its project manager. Which type of policy should the firm purchase on its project manager? - ANSWER Universal life insurance Key Person insurance Graded insurance Executive insurance Correct. Key person insurance is a type of life insurance policy that provides a death benefit to a business if its owner or another significant employee passes away. If a retiree on Medicare required five hospital stays in o...

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Indiana Life and Health Insurance Study Exam (xcelsolutions)Correct 100%

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J is 35-years old and looking to purchase a whole life insurance policy. Which of the following types of policies will provide the most rapid growth of cash value? -Life paid-up at age 70 -20 pay life -increasing Term to age 65 -Straight Line - ANSWER 20 Pay Life Which of the following types of policies BEST identifies one in which the cash value may fluctuate to reflect changing assumptions regarding mortality cost, interest, and expense factors? -Universal Life - Endowment Life -Mo...

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