Florida Life Insurance Study Guide Rated A+

Long Term care rider {Ans: allows the insured to receive a monthly income to help pay the cost of confinement in a nursing home or other long-term care facility}FL Replacement Rule {Ans: Establishes the minimum standards that must be followed}Foreign insurer {Ans: company licensed & doing business in states other than the one in which it is incorporated}Adjustable life policies {Ans: distinguished by flexibility that comes from combining term & permanent ins into a single plan. Policy owner determines how much Face Amt protection is needed & how much premium the policy owner wants to pay. The insurer selects the appropriate plan to meet such needs}War {Ans: exclusion provides that death benefit will not be paid if insured dies as result of war.}License application process {Ans: Background check Complete prelicensing Pass state exam}