Washington Life and Health (Disability) Questions and Answers Latest Update Graded A+

Washington Life and Health (Disability) Questions and Answers Latest Update Graded A+
Question : An insured was injured as an innocent bystander
when someone committed a felony. The insurer is
CORRECT ANSWER: liable for the loss
Question : A whole life insurance policy accumulates cash
value that becomes
CORRECT ANSWER: the policy loan value which the
insured may borrow against
Question : What may be the result of replacing an existing life
insurance policy with a new one?
CORRECT ANSWER: Surrender charge
Question : How soon can the benefit payments begin with a
deferred annuity?
CORRECT ANSWER: A minimum of 12 months after date
of purchase

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