Florida Health And Life Insurance Exam

A father who dies within 3 years after purchasing a life insurance policy on his infant daughter can have the policy premiums waived under which provision - ANSWER--Payor Provision Which of the following actions is NOT possible with Universal Life policy - ANSWER--Premiums may be applied as a credit against income tax A life policy with death benefit and cash value that can fluctuate according to performance of its underlying investment portfolio is referred to as - ANSWER--Variable life Which policy requires an agent to register with the National Association of Securities Dealers (NASD) before selling? - ANSWER--Variable lifeP owns a $25,000 Life Policy that pays the face amount to him if he lives to age 70, or to his beneficiary if he dies before age 70. What kind of policy does P own. - ANSWER--Endowment at Age 70 All of these are characteristics of Adjustable life policy, EXCEPT: - ANSWER--face amount can be adjusted using policy dividendsJ is 35-years old and looking to purchase a whole life insurance policy. Which of the following types of policies will provide the most rapid growth of cash value? - ANSWER--20- pay life What kind of life insurance policy pays a specified monthly