Question 8031 of 303 · California Life-Only Agent Exam
Under the interest only settlement option, the insurer
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 8031
- D: holds the proceeds and pays interest to the beneficiary
Explanation
Principal remains with the insurer until the beneficiary withdraws it or a successor beneficiary receives it.
More questions: The Individual Life Insurance Contract
- 8032The dividend option that uses dividends to buy small amounts of fully paid-up insurance is
- 8033A policy exclusion for war or military service means the insurer
- 8034If an insured dies while engaged in a hazardous activity excluded by endorsement, the insurer will most likely
- 8035A life settlement contract is
- 8036Stranger originated life insurance (STOLI) is
- 8037Which of the following must a life insurer provide to a prospective buyer with a life insurance application?