QUESTION 2

1. Which of the following factors helps to reduce the insurance premium

   	A.	Getting married lowers rates
   	B.	Involve in adventurous sports
   	C.	Reduce your deductibles

Question 12

1. What are people able to do if they are not able to pay their premium in 1 lump sum?

   A.	They forego being insured as there is no alternative option for premium payments.
   B.	They decide that its best to ask their beneficiary for the money to pay the premiums.
   C.	They break up their premium into annual payments, which requires annuity calculations to determine.

3.33 points

QUESTION 13

1. Viaticalinsuranceinvolvescompanies buying out insurance policy for more than the face value.

   True

   False

3.33 points

QUESTION 14

1. When might paying an insurance premium become an issue for most people?

   A.	When the conversion rate from Euro to American Dollars prohibits a foreign exchange transaction.
   B.	When the amount of coverage rises to upwards of $1 million, if one lump sum is required to be paid upfront.
   C.	When the terms of the insurance policy are too confusing to abide by, and clients forego following a premium payment schedule.

3.33 points

QUESTION 15

1. What would happen if an individual covered by a term-life policy died after the completion of the term?

   A.	The insurance company would give a payout to the beneficiary.
   B.	No proof of the covered individuals passing is necessary at any point for the insurer to give the beneficiary a payout.
   C.	The insurance company would not give a payout to the beneficiary.

QUESTION 4

1. Which of the following can be conducted in the aftermath of an accident.

   A.	Call the police immediately
   B.	Get names,addresses and other info of the other party
   C.	All of the above
   D.	Take pictures and draw a sketch
   E.	Contact your insurance agent