Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies?

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Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies?

a) Waiver of Premium
b) Juvenile Waiver
c) Guaranteed Insurability
d) Payor benefit

Answer: d) Payor benefit

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

In insurance,

In insurance, A) contracts made by the agent are considered to be contracts of the producer B) contracts made by the principal are considered to be contracts of the agent C) the insurer is the principal and the producer is the agent D) the producer is the principal and the insurer is the agent Answer: the insurer is the principal and the producer is the agent

Which is generally true regarding insureds who have been classified as preferred risks

Which is generally true regarding insureds who have been classified as preferred risks A) They can borrow higher amounts off of their policies. B) They can decide when to pay their monthly premiums. C) They keep a higher percentage of any interest earned on their policies. D) Their premiums are lower. Answer: Their premiums are lower

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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
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Purchasing a life insurance policy in order to avoid the forced sale of assets upon death is called
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