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Chapter 2 Quiz

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  1. Question 1 of 7
    1. Question

    What term is used to describe additions to life insurance policies?

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  2. Question 2 of 7
    2. Question

    True or False: IUL’s are life insurance policies with a cash savings component that allow clients to withdraw funds later in life to use for various expenses.

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  3. Question 3 of 7
    3. Question

    True or False: Mortgage Protection is a type of Whole Life insurance?

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  4. Question 4 of 7
    4. Question

    Match the underwriting terms with the correct processes.

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    • Client answers medical questions on the application
    • Client answers medical questions on the application and has a MIB and prescription check performed
    • Client answers medical questions on the application and has a MIB, prescription check, and medical exam performed
    • Guaranteed Issue
      • Simplified Issue
        • Fully Underwritten
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        • Question 5 of 7
          5. Question

          What type of insurance does Final Expense fall under?

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        • Question 6 of 7
          6. Question

          Which of the following are considered non-med options? (Select all that apply)

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        • Question 7 of 7
          7. Question

          Which are the following are considered health products and therefore require a health license to sell? (Select all that apply)

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