ABA CTFA Practice Test - Questions Answers, Page 36
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Need analysis method is a more detailed approach than multiple-of-earnings method. This method considers both financial obligations and financial resources of the insured and his or her dependents. Which of the following steps is/are involved in this method?
Insurance that provides only death benefits, for a specified period, and does not provide accumulation of cash value is called:
It is a term life policy written for a given number of years with coverage remaining unchanged throughout the effective period. What is it?
It is a term life policy provision allowing the insured to renew the policy at the end of its term without having to show evidence of insurability
Decreasing term policy is:
__________ is the accumulated refundable value of an insurance policy; results from the investment earnings on paid-in insurance premiums.
Three major types of whole life policies are available. Which of the following is/are Not out of those?
Whole life insurance is a life insurance designed to offer ongoing insurance coverage over the course of an insured's entire life. The noteworthy advantage of whole life insurance is:
Group health insurance is the health insurance consisting of contracts written between a group, (employer, union, etc.) and the health care provider. Most health insurance plans fall into one of two categories. Which one of the following set represents those two categories?
A form of HMO in which subscribers receive services from physicians practicing from their own offices and from community hospitals affiliated with the IPA.
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