MN LIFE AND HEALTH INSURANCE EXAM QUESTIONS & ANSWERS UPDATE

MN LIFE AND HEALTH INSURANCE EXAM QUESTIONS & ANSWERS ( ) UPDATE
Question : All of the following are examples of third party
ownership EXCEPT:
(a) Key person
(b) Contact assignment
(c) Primary beneficiary
(d) Invariable policies
Correct Answer: C. Primary beneficiary
Question : In addition to the policy, an entire contract
includes which of the following?
(a) Conditional receipt
(b) Credit report
(c) Provisions
(d) The application
Correct Answer: D. The applications
Question : In what type of policy does the owner pay the
same premium throughout the term of the contract?

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