Life Agent exam topics

Showing 81 to 90 of 294 articles · Page 9 of 30

• Universal Life Death Benefit Option A vs. Option BUniversal life Option A generally provides a level death benefit, while Option B generally provides an increasing death benefit equal to a stated amou…
• Cash Value vs. Cash Surrender ValueCash value is the value accumulated within a permanent life policy under its contract. Cash surrender value is what the owner may receive after volunt…
• Long-Term-Care Rider vs. Accelerated Death BenefitBoth features can let an insured access life-policy value while alive, but they are not interchangeable. A long-term-care rider generally pays benefit…
• Texas Life Insurance Grace Period: What Happens After a Missed Premium?Texas law generally requires a life policy to provide at least one month of grace for premiums after the first, during which the policy remains in for…
• Life Insurance Medical Exam vs. Attending Physician StatementA life insurance medical exam is new evidence collected for an application, often including measurements, questions, and sometimes laboratory samples.…
• Return-of-Premium Rider vs. Return-of-Premium TermA return-of-premium feature can return some or all eligible premiums if stated conditions are met, but a rider and a return-of-premium term policy are…
• Life Insurance Insuring Clause and Entire Contract ProvisionThe insuring clause states the insurer’s core promise to provide the policy benefit when its conditions are met. The entire contract provision identif…
• Table Ratings vs. Flat Extras in Life UnderwritingA table rating generally increases a life premium by applying an insurer’s rating factor to its base premium for a substandard risk class. A flat extr…
• Guaranteed-Issue vs. Simplified-Issue Life InsuranceGuaranteed-issue life insurance generally accepts eligible applicants without individual medical underwriting, subject to the product’s age, residency…
• Life Insurance Consideration ClauseThe consideration clause identifies the value exchanged in the life insurance contract. The applicant’s consideration commonly includes the applicatio…