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Delaware Life Insurance Exam Terms!!!
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Delaware Life Insurance Exam Terms!!!
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DELAWARE LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS
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What is the benefit of choosing extended term as a nonforfeiture option? - correct answer It has the highest amount of insurance protection 
 
Upon the death of the insured, the primary beneficiary discovers that the insured chose the interest only settlement option. What does this mean? - correct answer The beneficiary will only receive payments of the interest earned on the death benefit 
 
If a life insurance policy has an irrevocable beneficiary designation, - correct answer the beneficiary ...
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Delaware Life Insurance Exam Questions and Answers 100% Pass
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Delaware Life Insurance Exam 
Questions and Answers 100% Pass 
What is the benefit of choosing extended term as a nonforfeiture option? - Correct 
Answer ️️ -It has the highest amount of insurance protection 
Upon the death of the insured, the primary beneficiary discovers that the insured chose 
the interest only settlement option. What does this mean? - Correct Answer ️️ -The 
beneficiary will only receive payments of the interest earned on the death benefit 
If a life insurance policy...
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Delaware Life Insurance Practice Exam Questions and Answers 2024
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Delaware Life Insurance Practice Exam 
Questions and Answers 2024 
P wants to name her husband as the beneficiary of her life policy. However, she wishes 
to retain all of the rights of ownership. P should have her husband named as the: 
A.irrevocable beneficiary 
B.revocable beneficiary 
C.secondary beneficiary - CORRECT ANSWER-B 
A contract that has as its basic function the systematic liquidation of accumulated 
assets through periodic payments is called an: 
A.indemnity contract 
B.investm...
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2024 Life Insurance License Exam (Delaware) Actual Questions and Answers
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2024 Life Insurance License Exam 
(Delaware) Actual Questions and 
Answers 
Accelerated Benefits - CORRECT ANSWER-Riders attached to life insurance policies 
that allow death benefits to be used to cover nursing or convalescent home expenses. 
Accidental Death Benefits - CORRECT ANSWER-A policy rider that states that the 
cause of death will be analyzed to determine if it complies with the policy description of 
accidental death. 
Accidental Death Insurance - CORRECT ANSWER-An insurance pol...
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Delaware Life Insurance Study Guide 2024 Questions and Answers
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Delaware Life Insurance Study Guide 
2024 Questions and Answers 
What is the benefit of choosing extended term as a nonforfeiture option? - CORRECT 
ANSWER-It has the highest amount of insurance protection 
Upon the death of the insured, the primary beneficiary discovers that the insured chose 
the interest only settlement option. What does this mean? - CORRECT ANSWER-The 
beneficiary will only receive payments of the interest earned on the death benefit 
If a life insurance policy has an irr...
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Delaware Life Insurance Practice Exam Questions with 100% Verified Answers
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Delaware Life Insurance Practice Exam 
Questions with 100% Verified Answers 
Insurable Receipt - CORRECT ANSWER-The reciept given to a life insurance applicant 
when the application is completed and the initial premium is received is called a(n) 
Representations - CORRECT ANSWER-Statements in the application for insurance that 
are believed to be true to the best of the applicants knowledge are 
Provide the annuitant with an interest rate that is lesser of the guaranteed or current 
rate - CO...
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Delaware Life Insurance Company Questions and Answers 2024
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Delaware Life Insurance Company 
Questions and Answers 2024 
Insurance Policy - CORRECT ANSWER-A contract between a policyowner (and/or 
insured) and an insurance company which agrees to pay the insured or the beneficiary 
for loss caused by specific events 
Insured - CORRECT ANSWER-Person covered by the insurance policy; may or may 
not be the policyowner 
Insurer (Principal) - CORRECT ANSWER-The company who issues an insurance policy 
Lapse - CORRECT ANSWER-Policy termination due to nonpay...
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Delaware Life Producer Insurance Exam with Correct Answers 2024
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Delaware Life Producer Insurance Exam 
with Correct Answers 2024 
A(n) _ may also perform the duties of a consultant. - CORRECT ANSWER-producer 
What is an example of a producer's implied authority? - CORRECT ANSWER-Collecting 
premiums 
The Commissioner may suspend or revoke a producer's license for - CORRECT 
ANSWER-keeping premiums owed to the insurer 
An insurer is charged _ for submitting an application for a certificate of authority in 
Delaware. - CORRECT ANSWER-$700 
In Delaware, an...
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Delaware Life Insurance Exam Terms (Questions and Answers) 2024
- Tentamen (uitwerkingen) • 16 pagina's • 2024
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Delaware Life Insurance Exam Terms 
(Questions and Answers) 2024 
Accelerated Benefits - CORRECT ANSWER-Riders attached to life insurance policies 
which allow death benefits to be used to cover nursing home expenses or convalescent 
home expenses 
Accidental Death Benefits - CORRECT ANSWER-A policy rider that states that the 
cause of death will be analyzed to determine if it complies with the policy description of 
accidental death 
Accidental Death Insurance - CORRECT ANSWER-An insurance ...
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Delaware Life Insurance Practice Exam Questions and Answers 2024
- Tentamen (uitwerkingen) • 13 pagina's • 2024
-
- $14.49
- + meer info
Delaware Life Insurance Practice Exam 
Questions and Answers 2024 
P wants to name her husband as the beneficiary of her life policy. However, she wishes 
to retain all of the rights of ownership. P should have her husband named as the: 
A.irrevocable beneficiary 
B.revocable beneficiary 
C.secondary beneficiary - CORRECT ANSWER-B 
A contract that has as its basic function the systematic liquidation of accumulated 
assets through periodic payments is called an: 
A.indemnity contract 
B.investm...
-
Delaware Life Insurance Study Guide 2024 Questions and Answers
- Tentamen (uitwerkingen) • 17 pagina's • 2024
-
- $14.99
- + meer info
Delaware Life Insurance Study Guide 
2024 Questions and Answers 
What is the benefit of choosing extended term as a nonforfeiture option? - CORRECT 
ANSWER-It has the highest amount of insurance protection 
Upon the death of the insured, the primary beneficiary discovers that the insured chose 
the interest only settlement option. What does this mean? - CORRECT ANSWER-The 
beneficiary will only receive payments of the interest earned on the death benefit 
If a life insurance policy has an irr...
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