Life Agent exam topics

Showing 261 to 270 of 294 articles · Page 27 of 30

• War Exclusion vs. Military Service Exclusion in Life InsuranceA war exclusion addresses a stated war-related cause or circumstance; a military-service exclusion may limit coverage based on service status or speci…
• Warranties vs. Representations in an Insurance ApplicationA warranty is a statement or promise treated as strictly true under the contract; a representation is a statement made to the insurer as part of the a…
• What Happens If No Life Insurance Beneficiary Is Named?If no living beneficiary is entitled to a life insurance benefit, the insurer follows the policy’s default-payment clause. That may name a contingent …
• What Happens to a Life Insurance Claim When Death Is Accidental?An accidental death can trigger the policy’s basic life benefit if the policy is active and the claimant is entitled. An additional accidental-death r…
• What Happens to Life Insurance When the Policy Owner Dies First?When a policyowner dies before the insured, the insured’s coverage does not automatically end solely because the owner died. Ownership usually passes …
• What Happens When a Term Life Policy Expires?When a level-term life policy reaches its stated expiration date, the coverage generally ends and no death benefit is payable for a death after expira…
• What If a Life Insurance Beneficiary Dies After the Insured?If a beneficiary survives the insured and then dies before the claim is paid, the beneficiary may already have acquired the right to proceeds, which c…
• What If a Life Insurance Application Is Declined?A life insurance decline means the insurer will not issue the policy on the submitted application as proposed. First confirm whether the decision is a…
• When a Life Insurance Beneficiary Cannot Be LocatedIf an insurer cannot locate a named beneficiary, it generally keeps the claim pending while following the policy, reasonable search procedures, and ap…
• When Can You Change an Annuity Payout Option?You can generally choose or change a payout option before annuitization only if the contract allows it and the election deadline has not passed. After…