Which is true about a spouse term rider?

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Which is true about a spouse term rider?

a) The rider is decreasing term insurance.
b) Coverage is allowed up to age 75.
c) The rider is usually level term insurance.
d) Coverage is allowed for an unlimited time.

Answer: c) The rider is usually level term insurance.

Life 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

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No existing agent's license will be revoked until
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The pro rata liability clause is designed to protect the principle of
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Ambiguities in an insurance policy are always resolved in favor of the
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?
How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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All of the following are true regarding rebates EXCEPT
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What documentation grants express authority to an agent?

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