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TRAD 181-190
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181. An insurance plan which offers both protection and savings is called
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1 point
a. Temporary plan
b. Permanent plan
c. Participating plan
d. Non-participating plan
182. A man with moderate means can have maximum protection possible through
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1 point
a. 20 Yr. Endowment
b. Limited pay life
c. Term insurance
d. Whole life insurance
183. Mr. Juan Valdez wants a policy which will entitle him to receive dividends yearly. What will you recommend to Mr. Valdez?
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1 point
a. Participating plan
b. Non-participating Plans
c. Term insurance
d. None of the above
184. Which of the following can give the longest protection?
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a. 20 yr term
b. 20 yr. Endowment
c. Endowment at 65
d. Ordinary life
185. In a 20 Life policy
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a. Protection is until age 100, payment of premium is for age 20 years
b. Protection is until age 100, payment of premiums until age 100
c. Protection is for 20 years, payment of premium is for 20 years
d. Protection is for 20 years, payment of premiums until age 100
186. A participating plan entitles the policyowner to receive a return of excess premiums. Such is termed as:
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1 point
a. Endowments
b. Dividends
c. Cash values
d. Cash surrender value
187. Mrs. Rose Cortez owns a policy which does not provide for the build up of cash values and whose premiums remain level. Mrs. Cortez owns:
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a. Ordinary Life
b. Limited Pay Life
c. Decreasing term
d. Level Term
188. Two attractive features of a term insurance are:
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1 point
a. Convertibility and renewability
b. Protection and dividends
c. Cash values and dividends
d. Convertibility and cash values
189. A term insurance which allows the policyowners to convert it to a permanent insurance within a specified period without evidence of insurability contains__________feature:
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1 point
a. Convertibility
b. Renewability
c. Dividend option
d. Both a & b
190. A term policy only offers
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1 point
a. Cash values
b. Protection
c. Savings
d. Dividends
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