Samenvattingen, Aantekeningen en Examens

Nebraska Life and Health License Exam Questions and Answers 100% Pass Before delivering a health insurance policy to a client, the producer alters the insuring clause in a way that he believes will benefit the insurance company. Which of the following statements is true about this alteration? - Answer- It is prohibited by the entire contract provision Which organization offers health insurance to Nebraska residents who are denied health insurance and unable to obtain coverage from private...

Nebraska Life and Health Insurance Exam Questions and Answers 100% Pass What is Insurance? - Answer- a contract in which 1 party (insurance company) agrees to indemnify (make whole) the insured party against loss, damage, or a liability arising from an unknown event. What is life insurance? - Answer- a policy that protects survivors from losses suffered after an insured's death What does insurance do? - Answer- transfers the risk of loss from an individual or business entity to an insur...

Nebraska State Life and Health Insurance Exam Terms Questions and Answers 100% Pass Adverse Selection - Answer- Insuring of risks more prone to loss than the average Agent/Producer - Answer- legal representative of an insurance company Applicant/Proposed insured - Answer- a person applying for insurance Hazard - Answer- Conditions that increase the probability of a loss Moral - Answer- tendency toward increased risk (driving fast) Morale - Answer- indifference towards risk (not locking th...

Life, health & annuities NE insurance exam Questions and Answers 100% Correct Not regarding deferred annuities - Answer- Accumulated funds cannot be out assessed until the pay out. Using the needs approach you wouldn't need - Answer- Prospects employment history Not common use for life insurance - Answer- Liquidate and estate it usually only creates an estate The exclusion ratio applies until all principal and annuity contract has been paid out after that what will happen - Answer- The ...

Life, health & annuities NE insurance exam Questions and Answers 100% Correct Not regarding deferred annuities - Answer- Accumulated funds cannot be out assessed until the pay out. Using the needs approach you wouldn't need - Answer- Prospects employment history Not common use for life insurance - Answer- Liquidate and estate it usually only creates an estate The exclusion ratio applies until all principal and annuity contract has been paid out after that what will happen - Answer- The ...

Nebraska Life and Health License Exam Questions and Answers 100% Pass Before delivering a health insurance policy to a client, the producer alters the insuring clause in a way that he believes will benefit the insurance company. Which of the following statements is true about this alteration? - Answer- It is prohibited by the entire contract provision Which organization offers health insurance to Nebraska residents who are denied health insurance and unable to obtain coverage from private...

Nebraska Life and Health Insurance Exam Questions and Answers 100% Pass What is Insurance? - Answer- a contract in which 1 party (insurance company) agrees to indemnify (make whole) the insured party against loss, damage, or a liability arising from an unknown event. What is life insurance? - Answer- a policy that protects survivors from losses suffered after an insured's death What does insurance do? - Answer- transfers the risk of loss from an individual or business entity to an insur...

Nebraska State Life and Health Insurance Exam Terms Questions and Answers 100% Pass Adverse Selection - Answer- Insuring of risks more prone to loss than the average Agent/Producer - Answer- legal representative of an insurance company Applicant/Proposed insured - Answer- a person applying for insurance Hazard - Answer- Conditions that increase the probability of a loss Moral - Answer- tendency toward increased risk (driving fast) Morale - Answer- indifference towards risk (not locking th...

Nebraska Life and Health Insurance Exam Questions and Answers Already Passed What is Insurance? a contract in which 1 party (insurance company) agrees to indemnify (make whole) the insured party against loss, damage, or a liability arising from an unknown event. What is life insurance? a policy that protects survivors from losses suffered after an insured's death What does insurance do? transfers the risk of loss from an individual or business entity to an insurance company whi...