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Life Insurance

Life insurance refers to a contract between the insured and the insurer, where the latter agrees to pay a beneficiary a specific amount of money upon the death of the insured.

500 Questions

Can I take my Life Insurance exam in Spanish?

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Asked by Wiki User

This depends on the regulations set by the organization or institution administering the Life Insurance exam. It's best to contact them directly to inquire about the language options available for taking the exam.

How do you find out if you have a life insurance policy?

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Asked by Wiki User

One way to find a lost or missing life insurance policy is with the help of The Center for Life Insurance Disputes. They can help you locate policies that have been lost or forgotten about.

How do you file a claim for southland life insurance company dallas tx?

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You can file a claim with Southland Life Insurance Company in Dallas, TX by contacting their claims department directly. You will typically need to provide information about the policyholder and the details of the claim, such as the date of death or the nature of the claim. It's recommended to have the policy documents and any other relevant information on hand when filing a claim.

What is the probationary period in life insurance?

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A probationary period in life insurance is a specified period of time at the beginning of a policy during which coverage for certain health conditions may be limited or excluded. It allows the insurance company to assess the applicant's health risk before providing full coverage. Once the probationary period has passed, coverage typically becomes comprehensive.

When was the third party beneficiary introduced in basic policy?

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The third-party beneficiary doctrine was introduced in basic policy in the mid-1800s, as a way to protect the rights of individuals who were not direct parties to a contract but were intended to benefit from it. It allows such third parties to enforce the contract if the parties intended for them to benefit from it.

What is my state life insurance policy status?

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I am unable to provide specific information about your state life insurance policy status. You will need to contact your state life insurance department or your insurance provider directly for personalized assistance.

How many questions are on the life insurance only test California?

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The California Life Insurance Only test consists of 52 questions.

What was the policy of deterrence?

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Deterrence was a Cold War strategy employed by the United States and Soviet Union to prevent nuclear war through the threat of massive retaliation. The idea was that both sides would refrain from attacking each other out of fear of the devastating consequences. This policy aimed to maintain peace by maintaining a balance of power and instilling fear of mutual destruction.

What is Texas passing score for life insurance exam?

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The passing score for the Texas life insurance exam is 70%. This means that you need to answer at least 70 out of 100 questions correctly in order to pass the exam.

Can a step daughter purchase life insurance on a step father?

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In most cases, a stepdaughter would not be able to purchase life insurance on a stepfather without his consent. The stepfather would usually need to give permission and be involved in the process, as he is the insured party.

How can you get info about a policy issue to you in l973 from Southern Life?

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To obtain information on a policy issue from Southern Life in 1973, you would need to contact their customer service department or visit one of their branch offices. You could also check their website or reach out by mail for information on the policy issue you are interested in from that time period.

Can you get a life and health insurance license in Texas if you are on deferred Probation for a class a misdemenor?

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Asked by Wiki User

It is possible to obtain a life and health insurance license in Texas while on deferred probation for a Class A misdemeanor, but it may depend on the specific circumstances of your case and the regulations of the licensing authority. It is recommended to consult with the Texas Department of Insurance or a legal professional for accurate guidance.

Can the daughter of the beneficiary be a witness to will?

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It is generally recommended to avoid having a beneficiary or their close family member act as a witness to a will to avoid any potential conflicts of interest or challenges to the validity of the will. It is best to choose independent witnesses who do not stand to benefit from the will.

How can you your lic policy ststus?

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You can check your LIC policy status by visiting the LIC website and logging into your account using your policy number and date of birth. Alternatively, you can contact your LIC agent or visit the nearest LIC branch with your policy details to inquire about your policy status.

How many required provisions are in a life insurance contract?

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There are three main provisions that are typically required in a life insurance contract: the insuring agreement that defines the scope of coverage, the consideration clause that outlines the premium payment obligations, and the policy conditions that describe the terms and conditions of the policy.

How do you research an insurance policy with southland life insurance co?

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Asked by Wiki User

Contact Southland Life Insurance Co directly through their customer service line or website to request information about the policy. Provide the policy number and any other relevant details to expedite the process. Additionally, review any paperwork or documents you have from when you initially acquired the policy for more insights.

Can a felon be a beneficiary?

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Yes, but if the person for whom he is a beneficiary should die before the felon is off supervision, the state may take the inheritance to offset costs.

How do you trace a policy number for royal London mutual insurance society?

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Asked by Wiki User

You can contact Royal London Mutual Insurance Society's customer service and provide them with your personal details to trace your policy number. Alternatively, check any policy documentation or correspondence from Royal London Mutual Insurance Society as it usually contains the policy number.

How often can you take an insurance exam in Florida?

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Asked by Wiki User

In Florida, you can take the insurance exam as many times as needed, but you must wait at least 24 hours between exam attempts. However, there is a limit of three exam attempts per exam window (a two-year period from the date of the first failed exam).

When must the policy summary for a life insurance policy be delivered?

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The policy summary for a life insurance policy must be delivered at the time of application or at the time of delivery of the policy, and no later than the policy delivery.

Does a life insurance policy become void if the insured goes to jail?

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Asked by Wiki User

A life insurance policy usually remains valid if the insured goes to jail, but it ultimately depends on the terms and conditions of the specific policy and the reason for incarceration. It's important to review the policy details and consult with the insurance company for clarification in such cases.

What is the minimum length of time producers must maintain records with regard to policy replacements in life insurance polocies?

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Producers must maintain records related to policy replacements in life insurance policies for a minimum of 5 years from the completion of the replacement transaction.

What is the protectionalist policy?

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Protectionist policy refers to government actions taken to restrict imports and boost domestic industries. This can include tariffs, quotas, and subsidies to protect local businesses from foreign competition. Critics argue that protectionism can lead to trade wars and higher prices for consumers.

Can you get a SC insurance license if you have a felony drug charges?

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Asked by Wiki User

It may be possible to obtain a SC insurance license with felony drug charges, depending on the specifics of the case and how long ago the charges occurred. Each application is reviewed on a case-by-case basis, and factors such as rehabilitation efforts, time elapsed since the offense, and the nature of the charges will be considered. It's best to contact the South Carolina Department of Insurance for specific guidance.

Term for the policy of indirect rule?

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"Indirect rule" refers to a system where a colonial power governs through local intermediaries or traditional leaders rather than directly administering the territory.