Life & Health Insurance Exam| Questions and Verified ANSWERs|100% Correct

Life & Health Insurance Exam| Questions and Verified ANSWERs|100% Correct

Which type of life policy contains a monthly mortality charge as
well as self-directed investment choices?
ANSWER: Variable Universal Life
The receipt given to a life insurance applicant when the
application is completed and the initial premium is received is
called a(n):
ANSWER: Insurable Receipt
Statements in the application for insurance that are believed to
be true to the best of the applicant's knowledge are:
ANSWER: Representations
An annuity is considered fixed when it does all of the following
EXCEPT:
ANSWER: Provide the annuitant with an interest rate that is
lesser of the guaranteed or current rate 

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