Question 8035 of 303 · California Life-Only Agent Exam
A life settlement contract is
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 8035
- D: the sale of an existing policy to a third party for more than the surrender value
Explanation
Owners may sell policies to providers. They should consider alternatives such as loans or accelerated benefits.
More questions: The Individual Life Insurance Contract
- 8036Stranger originated life insurance (STOLI) is
- 8037Which of the following must a life insurer provide to a prospective buyer with a life insurance application?
- 8038A surrender charge in a life or annuity contract is
- 8001The applicant's signature on a life insurance application attests that
- 8002Why does an insurer attach a copy of the application to the policy?
- 8003A conditional receipt issued with a life insurance application generally provides that coverage begins