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| 1. By naming a beneficiary, the policy proceeds will bypass ____ upon the death of the insured |
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| 2. John misstated his age on his life insurance application when it was issued, the issurer will adjust the amount of proceeds at time of ____. |
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| 3. If John assigns his policy, who would receive the benefit first should John suddenly pass away? |
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| 4. The ___ ____ provision provides continutation of coverage when the premium is credited later than the due date. |
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| 5. If the insured does not feel comfortable with the new life insurance policy , he/she could take advantage of the ____ _____ provision and return the policy for a full refund of premium. |
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| 6. Who has all the rights to a life insurance policy including approval or disapproval of any changes suggested by the insurer's representatives? |
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| 7. The Entire Life Insurance Contract provision is not complete without a copy of the ______ |
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| 8. ____ to ____ is not a standard life insurance policy provision. |
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| -Back date to conserve age |
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| 9. Who is normally the tertiary beneficiary on a life insurance policy? |
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| 10. ______ are conditions stipulated in the insurance contract for which coverage is not provided. |
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| 11. A child named as the continguent beneficiary who survives his/her parents should have been appointed all of the following, except: A) Guardian B) Trust C) Stripes |
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| 12. The two major types of beneficiaries are _____ and _____. |
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| 13. An adjustable policy loan rate is based upon Moody's corporate bond yied average. (T or F) |
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| 14. An occupation that is considered hazardous could be listed as which of the following? A) Exclusion B) Rider C) Revocable D) Incontestable |
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| 15. The Uniform Simultaneous Death Law states if the insured and beneficiary are killed in a common disaster, it will be deemed that the insured died first. (T or F) |
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