Final (Exam Review (Questions And Answers)) - Idaho Life Only

Which of these factors help determine an insured's life insurance premium {Ans: avocation (hobby)}A non-authorized (non-admitted) insurance company {Ans: is not protected by the Guaranty Fund}A spouse and child can be added to the primary insured's coverage as what kind of rider? {Ans: family term}When calculating the amount of life insurance needed for an income earner, what has to be determined when using the Needs Approach? {Ans: the family's financial objectives if the income earner were to die or become disabled.}A provision that allows a policyowner to withdraw a policy's cash value interest free is a(n) {Ans: partial surrender}How are annuities {Ans: gains are taxed at distribution}