Maryland state exam life insurance license practice- Complete Answers Declarations - ANSWER-In what part of an insurance policy or policy benefits found?Twisting - ANSWER-The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as Shirley has $500,000 10-year-old son nonrenewable level term life policy. If she dies 15 years after the policy inception date, how will her beneficiary receive? - ANSWER- Nothing Which of these factors would and ensure consider when determining whether to except a group life plan - ANSWER-Average age Which type of life insurance is normally associated with a paler benefit rider - ANSWER- Juvenile insurance Which of the following is not considered advertising? - ANSWER-Oh rating from A rating service company such as a.m. best During the accumulation. Who can surrender an annuity - ANSWER-Policy owner Fixed period Settlement options are considered to be a form of a - ANSWER-Annuity Which of the following is not information found in a life insurance buyers guide - ANSWER-How to take legal action against a insurance company All of the following characteristics of a group life insurance plan except - ANSWER- Individual underwriting A securities license is required for a life insurance producer to sell - ANSWER-Variable life insurance Which of the following is present when an applicant stands to lose value if the insured dies - ANSWER-Insurable interest What may be the result of replacing an existing life insurance policy with a new one - ANSWER-Surrender charge Signatures for an insurance application must be obtained by the producer from all the following sources except - ANSWER-The policy owner
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