Question 4027 of 303 · California Life-Only Agent Exam
An employer typically has an insurable interest in
Exactly one answer is correct.
You got of questions right. Here on the question pages nobody remembers which ones you got wrong. The trainer saves your progress and asks the mistakes again until they stick.
Or free: the 10 questions most people get wrong
Show solution
Correct answer to question 4027
- D: key employees, since their death could hurt the business
Explanation
Employers may insure employees when a loss to the business could result. Written consent from the employee is generally required.
More questions: Life Insurance Basics
- 4028Life insurance proceeds paid to a named beneficiary generally
- 4029An insured purchases a policy and names a trust as beneficiary. This is an example of
- 4030Which of the following needs does life insurance commonly address?
- 4001In a life insurance policy, the person whose death triggers the death benefit is the
- 4002The person who has the rights to change beneficiaries, borrow against cash value, and surrender a policy is the
- 4003A person who completes an application for insurance is called the