Two equal partners in a business worth $150,000 are using a Cross Purchase plan to protect against the death of for each one other. Which of the following statements would be correct?
-Partner A buys a form _or_ system of government on Partner B in the amount $75,000 duty assignment partner A as beneficiary
Which of the following regulatory government participated in creating the National Do Not Call cash register?
-FTC
When Y utilise for an insurance and paid the initial subvention on August 14, his agent issued a conditional receipt. Y was killed in automobile accident on August 22, forrader the indemnity was issued. The insurance company found nonhing oppose in his application and has no reason to reject the attempt or classify it other than as standard. In this case, the insurance company pull up stakes
-Issue the constitution anyway and pay the face appraise to the beneficiary.
Harry is covered under an Accidental Death and taking apart policy with a principal amount of $50, 000. Harry incapacitated both arms in an accident. How much will the policy most likely pay?
-The full benefit(100% of the principal sum)due to detriment of both limbs.
In comparison to consumer reports, which of the following describes a odd characteristic of investigative consumer reports?
-They obtain customer information with interviews with associates, friends, and neighbors
Which is NOT true beneficiary designations?
-The beneficiary must oblige insurable interest in the insured
Applicant X applied for an insurance policy. He included payment for the first agiotage with the application. Which of the following statements is correct?
-If the company acknowledges the receipt of the premium with a conditional receipt, the policy is in effect the date of the application, provided that the policy is issued as applied for
If a settlement option is not chosen by the beneficiary or policyowner, which option will be used?
-Lump Sum
An insured misstates her age at the succession the life insurance application is taken....If you want to get a full essay, order it on our website: Ordercustompaper.com
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