Buy-sell plans are typically funded by which two types of insurance?

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Buy-sell plans are typically funded by which two types of insurance?

A) Life insurance and disability insurance
B) Annuities and disability insurance
C) Modified endowment contracts and Long-term care insurance
D) Life insurance and Long-term care insurance

Answer: A) Life insurance and disability insurance

Health and Accident Insurance

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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

Jim has been arrested for drunk driving. In order to be allowed out of jail before his court date, Jim will most likely need:

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Hannah is six months pregnant when she switches jobs. Which law ensures that Hannah's "pre-existing condition" will be covered under her new health insurance plan?

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In an insurance contract, the applicant's "consideration" is the
Agents may be found guilty of defamation if they make a false statement that is intended to?
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The voluntary relinquishment of a legal right is called
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The authority granted to a licensed producer is provided via the
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What is the benefit of choosing extended term as a nonforfeiture option?
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What documentation grants express authority to an agent?

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