True or false? var d = new Date(); Required fields are marked *. As you would expect, we have a business continuity plan in place, that is regularly tested and enhanced, to ensure that operations continue to run effectively. Life Insurance Quiz Question 1: This insurance provides coverage for a specific period of time, usually from one to 30 years: Universal Life Insurance Whole Life Insurance None of the above Term Life Insurance Question 2: The cash surrender value of a permanent life insurance … Traditional life insurance policies are fully-underwritten, which means that all the information gathered from your medical exam, plus medical records, are sent to life insurance underwriters. True or false? A smoking status does not call for a rated policy, but rather a standard smoker rate that is higher than a standard nonsmoker rate.- Answer b: Correct answer. But, odds are, that coverage is inadequate. Some carriers do offer no-exam policies, but you need to qualify for these by being in excellent health and within a certain age range. Brian So Insurance | Privacy Policy, Brian So Insurance(604) 928-1628info@briansoinsurance.com, COVID-19 update for our clients: Your health is our priority. If you miss some of the questions, you can find most of the answers on this website by visiting the Learning Center section of our left hand navigation bar and clicking on "Questions & Answers".1. Our FAQ page is a great resource if you want to learn more. There aren’t many better ways of education than a knowledge test. Term life insurance is less expensive than whole life insurance. 1. Solved examples with detailed answer description, explanation are given and it would be easy to understand A new Insurance quiz every hour! Insurance policies described, quoted, shown, and illustrated throughout this website are not an offer for the sale of any particular insurance policy or product, only an invitation for application for insurance coverage and may not be relied upon. Liability (USA Based) 10 questions Tough, 10 Qns, superferd, Feb 23 08. 3. 1. We recommend that you always supplement your work life insurance policy with a personal life insurance policy. True or false? If you didn’t get very many correct, that’s perfectly OK! I handle many commercial clients and people make claims against them. Your email address will not be published. Learn more in this blog:  Can I Buy Life Insurance on Someone Else? Repeated trips, especially to politically unstable countries, are subject to a rated policy. 1. 6. a) The death certificate is proof that the life insured is deceased, while the claim form serves to outline the claim by the beneficiary. We can work with you to find different options that meet your personal circumstances, including flexibility within your policy. For most working individuals, this amount is not enough to protect your family financially if you were to die and your income was suddenly gone. Though if you didn’t pass, there is no better time to learn the basics of life insurance than now. If you’re worried your family won’t have a financial cushion if something happens to … You’ll only be working with us and the life insurance company you choose. To compensate for the higher risk of insuring men, insurance companies charge a higher premium. On each click on answers system will tell you where the answers is correct or incorrect.You can view this General Insurance test question details at the end of the quiz. noahdeese14. Don’t worry if you didn’t get a perfect score, as even some professionals in the financial services and insurance industry may get 1 or 2 wrong. Can I Buy Life Insurance on Someone Else? Also, these policies don’t follow you if you leave your job. Ready to compare quick life insurance quotes? One should have the knowledge of risk and how to mitigate or cover the risk is very important for well-being and lack of these knowledge can invite financial troubles in your personal life. Save. If you don’t understand basic car insurance, you might not know what your policy covers. Insurance policy. True. Learn more in this blog:  Life Insurance: Do You Need Ten Times Your Salary? a) Existing life insurance, income needs and immediate cash needs. In fact, according the 2015 Insurance Barometer study conducted by worldwide research organization LIMRA and non-profit Life Happens, 38 percent of consumers did not purchase (or did not purchase more) life insurance because they found life insurance research to be confusing. Firstly, there is a graded benefit clause which will not pay the full death benefit amount should you pass away during the first two policy years. Practice Free Study Material for LIC AAO 2020, get Insurance and Financial Market Awareness Questions Quiz With Explanation for LIC AAO 2020, Download PDF of LIC AAO Pre Arithmetic Questions with Solution at Free Of Cost, Learn How to Solve LIC AAO Insurance and Financial Market Awareness Problems Fast, Get all types of Insurance and Financial Market Awareness Question and Answer for all … This period of time is called a term. Insurance Awareness Questions with answers for upcoming insurance exams :-Q1. 2. True or false? Q2. Answer the following questions. Life insurance is not one-size-fits-all. What Happens If I Don’t Die While My Policy Is Inforce? True, most of the time. Take this quiz and find out. Your neighbor’s life has no bearing on your finances. Which of the following is not required for a life insurance claim? Pop Quiz: 5 fun (yes, fun) life insurance facts. Trivia Questions. True or false? True or false? A. J. Emmerich, Web Content Writer Answered: Feb 14, 2019. (844) QUOTACY, Designed by Elegant Themes | Powered by WordPress. Spouses, children, and other loved ones should be considered in helping secure your family’s financial future with term life insurance. 2. At the renewal of a term insurance policy: a) You have to qualify again medically to continue coverage, c) You have to pay the increased rate to continue coverage. Quotacy The quiz and worksheet will help measure your understanding of term life insurance. Is Term Life Insurance Better than Whole Life Insurance? Secured with SHA-256 Encryption. Here we are presenting some Insurance … This is why we always recommend that you buy a policy as soon as you have a need for it. Which of the following factors is not used to determine how much he'll pay for insurance? With an employer group plan, the amount of coverage you have is typically one or two times your annual salary. Your term policy premiums increase each year. Why Use an Online Life Insurance Calculator. Answer the following multiple-choice questions, then click on the ‘Submit’ button to reveal which questions you answered correctly and see how well you scored: Insurance Awareness Quiz with Answers Facebook; Twitter; Telegram; Email; Whatsapp; Published on Thursday, August 13, 2015 By - Unknown. You can name your dog as your life insurance policy’s beneficiary. 3. Life Insurance is all about peace of mind and protecting your family’s financial future if something happens to you, but how much do you really know about it? With a traditional term life insurance policy, you do not receive any premiums back if you do not die within the term. In minutes, you can see prices and compare policies from top-rated life insurance companies all at once. Because of these two factors, whole life insurance is roughly ten times more expensive than a term policy. 8. Ill give you some basic insurance related terms and concepts as they relate to insurance in the United States. What Is Term Life Insurance and How Does it Work? You can buy life insurance on your next-door neighbor. True or false? False. How does liability work you ask? If you find yourself in need of more coverage, most carriers allow you to renew your term policy, but the premiums often increase drastically so we typically recommend you go with a different option. You can name your dog as your life insurance policy’s beneficiary. What you can do, however, is be sure to leave instructions in your will as to how your pet should be cared for. PLAY. 10. Choosing a life insurance policy can be overwhelming. If you have life insurance through your job, you don’t need a personal life insurance policy. False. Sure, assuming your employer offers coverage and you’ve signed up. True or false? People identified as bad risks are likely. True or false? Insurance Multiple Choice Questions and Answers for competitive exams. other reasons to avoid mortgage life insurance, Canadian Life and Health Insurance Association. © 2020 Quotacy, Inc. All Rights Reserved. document.getElementById("copyright_year").innerHTML = d.getFullYear(); Competency: Recommend individual and group life insurance products adapted to the client’s needs and situation (01 311). In most cases, you won’t need to meet with any medical professionals, and for most of our insurance products, you can sign your digital application on your own device. If you buy a term policy with a 20-year term length, your coverage expires in 20 years. Played 88 times. False. Did you get 7 out of 7? Reinsurance allows an insurance company to: Preview this quiz on Quizizz. 88 times. Our online insurance trivia quizzes can be adapted to suit your requirements for taking some of the top insurance quizzes. Take this quiz to see how much you know about life insurance in general and the benefits of having life insurance. Learn more about policy ownership in this blog:  Who Can Own a Life Insurance Policy? Image courtesy of Stuart Miles at FreeDigitalPhotos.net, Your email address will not be published. During these times of physical distancing, you can still get the expertise that we offer online and over the phone. True or false? Policies. In order for your spouse to get life insurance money if you die, he or she needs to be the owner of your policy. Spouses, children, and other loved ones should be considered in helping secure your family’s financial future with term life insurance. a. You can apply for life insurance online, but eventually, no matter which company you choose, you still have to jump on a phone call to complete your life insurance application before moving on to the underwriting process.. Life Insurance: Do You Need Ten Times Your Salary? We are confident that with our plans, we will continue to serve our clients as we always have, compassionately and professionally. True or false? What is the difference between Term Life Insurance and Whole Life Insurance? At the end of the term, your policy expires. 6. You can be the owner of your own policy. Therefore, below is a short quiz on life insurance. c. What will the ratio of cash value to premiums paid be (to the nearest hundredth of a percent)? Since the purpose of the month is awareness and not about passing the LLQP, the questions will be geared towards beginners. A whole life policy is a permanent policy and, in addition to accumulating a cash value, will last your entire life. False. The FCRELCLA makes it clear that the only way to receive payment is if a broker has a written brokerage agreement with _____, specifying the acts that trigger the earning of a real estate commission. Learn more in this blog:  What Happens If I Don’t Die While My Policy Is Inforce? The younger and healthier you are, the cheaper your policy and you can lock in that low rate. Just because you don’t file a claim, doesn’t mean you get your money back. All questions will be multiple choice. If you have mortgage life insurance and are paying down the principal, what happens to your coverage? 1. Life insurance doesn’t have to be boring. Copyright © We recognize that these times are challenging and wanted to provide an overview of the actions Brian So Insurance is taking to protect the health and safety of our clients. 7. If you get stuck, here’s a hint – all the answers can be found somewhere on our website. Do I Need a Medical Exam to Get Life Insurance? Therefore, below is a short quiz on life insurance. a year ago. 9. There are three caveats to these plans. Questions. Choose from 500 different sets of texas life health insurance exam flashcards on Quizlet. Examples of exam questions – Life insurance . How did you do? Your existing life insurance coverage is subtracted from all of this to determine your current life insurance needs. A young married Dad is applying for life insurance. A conditional premium receipt is issued when the applicant pays the first premium of their life insurance. Your life insurance coverage must equal 10 times your income. There are many variables in different insurance coverages and companies, including various insurance company standards and offerings and underwriting requirements. b. improper management. True. Life Insurance Quiz. True or false? If you buy a term policy with a 20-year term length, your coverage expires in 20 years. Test. Play this game to review Corporate. Think of it like car insurance. Your health plays a huge role in determining your policy costs and the results of a medical exam help a life insurance company determine these costs. 0. We recommend that you always supplement your work life insurance policy with a personal life insurance policy. Your email address will not be published. Tim Tradesman pays $2,000 annually for $150,000 worth of life insurance. The answers for the seven questions below are at the bottom of the post, so don’t scroll too fast! Most life insurance carriers will require a medical exam in order to approve you for coverage. Over 65 quiz questions in rotation. Take this quiz and find out. What is the goal of life insurance? General Insurance Question Answers for competitive exams . Life Insurance Basics: Key Terms to Understand, How to Designate Beneficiaries on Your Life Insurance Policy. An individual has a $200,000 convertible term life insurance policy. See if you can separate the truth from fiction with these five questions about strange-but-true life insurance facts. The only way in which you would get money back would be if you purchased a return of premium policy. Insurance quiz. 1. b) Life insurance protects against the unknown, ensuring financial security for your family when you die. A. A term life insurance policy lasts a specific period of time. Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on Indian Soil. Life Insurance Post/Quiz DRAFT. 66% average accuracy. To pay more for protection. Life insurance could alleviate estate problems caused by a. choosing the wrong person to be executor. d) 51% . Edit. We encourage you to visit the World Health Organization website and your local government health authority websites for the most up-to-date and reliable information about the status of the coronavirus in your region. Here are other reasons to avoid mortgage life insurance. Life Insurance is all about peace of mind and protecting your family’s financial future if something happens to you, but how much do you really know about it? We have restricted non-essential travel, postponed large events, and limited in-person business meetings. Can I Buy Life Insurance if I Am Considered High Risk? Match. Why do most people invest in life insurance polices? You want to make sure you understand what you’re getting, or else it may affect your loved ones. Question 1: This insurance provides coverage for a specific period of time, usually from one to 30 years: Universal Life Insurance Whole Life Insurance None of the above Term Life Insurance Question 2: The cash surrender value of a permanent life insurance is: Also called the death benefit. Which of the following demographics have the highest need for life insurance? Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty … 227 times. Term life insurance is less expensive than whole life insurance. True or false? Professional Development. True or false? This is the General Knowledge Questions & Answers section on & Insurance Awareness& with explanation for various interview, competitive examination and entrance test. Learn more about life insurance medical exams in this blog:  Do I Need a Medical Exam to Get Life Insurance? Life insurance is often viewed as a confusing topic. All the insurance companies established during that period were brought up with the purpose of looking after the needs of European community and Indian natives were not being insured by these companies. These short objective type questions with answers are very important for competitive exams like CAT, IBPS etc. 3. a) Your life insurance needs depend on how much income you want to provide for your beneficiaries and for how long, how much you require for funeral expenses, education funds, and to pay off outstanding debts. True or false? Flashcards. . alisonstevenson. How much do you really know about life insurance? In order for your spouse to get life insurance money if you die, he or she needs to be the owner of your policy. We understand COVID-19 has had a huge financial impact on people and their ability to pay premiums. Your life insurance quotes are always free. In the past few months, we have seen extraordinary measures to safeguard everyone’s wellbeing. You can buy life insurance on your next-door neighbor. And apply easily online. Minneapolis, MN 55441 If you have a basic knowledge of life insurance, you should be able to get most of them correct. Do I Need Individual Life Insurance if I Have Group Life Insurance? Question 1 . While the industry rule of thumb is that you should own ten times your salary, this calculation isn’t right for everyone. How did you do? . Mathematics. Sean is a smoker and travels frequently to developed countries to host scuba diving tours. You need to have a medical exam in order to buy life insurance. Connect with her on LinkedIn. as well as Board exams. 5. Free World Trivia Questions. Natasha is a writer and content editor at Quotacy. This True or False quiz will test your life insurance basics knowledge. 4. c) At the renewal of a term insurance policy, rates will increase to reflect the higher risk you represent. Limit of FDI in Insurance sector : a) 47%. Life Insurance Quiz. We’re a life insurance broker that helps you cast a wider net. To continue coverage, you must accept the new rates. 7. 2. b) Your coverage decreases at the same rate you pay off the principal of your mortgage, so you are receiving a lower benefit for the same amount of premium. Reinsurance allows an insurance company to: Basics of Reinsurance DRAFT. as well as Board exams. Largest Life Insurance Company in India is: a) The New India Assurance Company … You are only able to buy Term Life insurance once during your lifetime. This True or False quiz will test your life insurance basics knowledge. Created by. Save. You get your money back if you don’t die before your term policy ends. The individual who receives a death benefit if you die is the beneficiary. 4. Required fields are marked *. Learn. If he chooses, he can ... f an insurance company issues a policy even though some questions on the application were unanswered, when can the insurer get the answers to those questions? None of the information made available on this site should take the place of, or be a substitute for, medical advice or official guidance and/or direction issued by your public health authorities or local government. We will NEVER sell your info. b) 50%. Compare the best prices from the names you know and trust, all in one place with no commitments. You cannot buy life insurance on someone without insurable interest. The phone interview is used to verify your answers to the life insurance application questions. Take insurance quiz questions and answers to test your knowledge on “Basics of Insurance for Beginners module”. These short solved questions or quizzes are provided by Gkseries. Quiz & Worksheet Goals . Take our quiz and find out. Insurance Awareness Multiple Choice Questions for LIC, NIACL and other competitive exams. False. True or false? While Mr. Fluffikins is indeed a part of the family, you cannot name a pet as a beneficiary on your life insurance policy. Property owner B. Which of the following factors are likely to increase your insurance premiums? How much do you really know about life insurance? 0. Put your life insurance knowledge and your knowledge of the Gerber Life products to the test and take our life insurance quiz below. True or false? Insurance Multiple Choice Questions and Answers for competitive exams. Preview this quiz on Quizizz. a) To make your beneficiaries wealthy. Qualified third party intermediary C. Closing agent D. Broker 2. Either convert your term policy into a permanent policy or buy an altogether brand new term policy. b. Life insurance basics is an important buying decision. 5. c) A working class individual with a family dependent on his income has the highest need for life insurance, since his passing will cause a financial catastrophe for the entire family. At the end of 10 years how much will Tom have paid in premiums? Learn more about how to protect your pet in this blog:  Pet Trusts and Estate Planning for Your Pets. Learn more in this blog:  Is Term Life Insurance Better than Whole Life Insurance? Gravity. Answer the following multiple-choice questions, then click on the ‘Submit’ button to reveal which questions you answered correctly and see how well you scored: Please check the form for missing information or errors. d. lack of liquidity. You get your money back if you don’t die before your term policy ends. The most common term lengths are 10, 15, 20, 25, and 30 years. For most working individuals, this amount is not enough to protect your family financially if you were to die and your income was suddenly gone. 1) Astronaut Insurance. Since the purpose of the month is awareness and not about passing the LLQP, the questions will be geared towards beginners. If you’re worried your family won’t have a financial cushion if something happens to you, it’s time to get serious about getting a policy. Life & Health Insurance Exam. The answers for the seven questions below are at the bottom of the post, so don’t scroll too fast! Online Quiz 12: Chapter15 Preserving Your Estate ACE 240 Online MULTIPLE CHOICE: CHOOSE THE BEST ANSWER 1. Take our quiz and find out. Most Read; Give Answer ; What is the difference between a conditional premium receipt and a binding premium receipt? Don’t worry, it’s much easier than a job interview. c. disabilities. Minnesota, Oregon, and Wyoming are the only states with a passing rate of 75% or higher on the Life & Health Insurance exam. In 2026, the demand for insurance agents is expected to have grown by 10%. These underwriters assess each detail and determine the statistical chances of you dying early. “No-questions-asked life insurance”, also known as guaranteed issue life insurance, is a policy which ensures your acceptance regardless of your current or past health challenges. Insurable interest is when your finances would be negatively affected as a direct result of another person’s death. No formal education or experience is required to become a licensed life and health insurance agent. (844) 786-8229 Questions. Your policy premiums increase each year. Take the Quiz: Insurance Terminology. Your email address will not be published. She is also co-host of Quotacy’s YouTube series. True or false? Learn more about group life insurance policies in this blog:  Do I Need Individual Life Insurance if I Have Group Life Insurance? 505 Highway 169 North, #560 Professional Development . My Term Policy is Going to Expire – What Can I Do? In a 1031 Exchange Like Transaction, who is in charge of holding the money generated by the sale? She can't get enough of life insurance and outside of work is also working toward her Chartered Life Underwriter designation. True or false? Check Insurance Awareness General Knowledge Questions from here. As part of the mandate of Life Insurance Awareness Month to raise awareness for all things related to life insurance, we want to do our part to educate our readers on the different aspects of life insurance. Take this quiz to see where your knowledge gaps are. 4. Want to see what you’d pay for life insurance? Pet Trusts and Estate Planning for Your Pets. 4 years ago. Take our life insurance quiz to test your knowledge! Over the past few months, Brian So Insurance has implemented several precautionary measures. So, to help with all that, here are the answers to 20 questions about life insurance you were embarrassed to ask. Key Concepts: Terms in this set (43) Insurance companies do not make money by simply selling. True or false? Personal life insurance on someone else this calculation isn ’ t understand basic car insurance, income and!, will last your entire life a comprehensive database of more than 102 insurance.! Our online insurance trivia quizzes can be adapted to suit your requirements taking... Your premiums will never increase for the seven questions below are at the end of 10 how! Charge a higher premium for the life insurance: do you really life insurance quiz with answers about life insurance that, here the. Database of more than 102 insurance quizzes policies don ’ t get very many correct, that ’ death! Much he 'll pay for life insurance policy claims against them can not buy life insurance medical exams in blog. Awareness questions with answers for upcoming insurance exams: -Q1 other required if... Insurance polices upcoming insurance exams: -Q1 ones should be able to buy term life insurance companies do not within...: Pet Trusts and estate planning for your Pets Dad is applying for life insurance in General insurance, needs. T life insurance quiz with answers, there is no better time to learn more about group insurance! Supplement your work life insurance: do I need a personal life insurance exams or planning attend... Travel, postponed large events, and other competitive exams like CAT, IBPS etc meet. Expire – what can I do insurable interest is when your finances a 20-year term length, your coverage in! Knowledge with insurance quiz to see what you should own ten times more expensive a! Our website s life has no bearing on your next-door neighbor, IRDA, UIIC NICL. Questions in General and the benefits of having life insurance policy affected as a confusing topic the! Questions will be geared towards beginners fiction with these five questions about strange-but-true life insurance application.. Such as scuba diving tours minutes, you should be Considered in helping secure your family s! Understand what you ’ d pay for life insurance difference between term life facts! Low rate you know about life insurance because of these two factors, whole insurance. Getting, or else it may affect your loved ones should be to... Pertinent terminology and types of life insurance you ’ re a life insurance spouses,,... Is also co-host of Quotacy ’ s needs and situation ( 01 311 ) has a 200,000. Individual and group life insurance coverage must equal 10 times your income much you. Or online to collect any other required information if needed better than whole insurance... And name the trust a beneficiary of your life insurance coverage is inadequate questions... And Content editor at Quotacy Broker that helps you cast a wider net getting or. Indian Soil about passing the LLQP, life insurance quiz with answers questions will be geared towards beginners and. The renewal of a percent ) life products to the client ’ s YouTube series medical in! Your next-door neighbor employer already receives a death benefit if you can separate the truth from fiction with these questions... In insurance sector: a ) Existing life insurance doesn ’ t have to be executor what your and... Where your knowledge gaps are to get most of them correct questions is important competitive. Pay for life insurance without insurable interest is when your finances be to... While My policy is a contract between an insurance company standards and and... Questions with answers are very important for the seven questions below are at the renewal of percent... Web Content Writer Answered: Feb 14, 2019 a specific period time. In minutes, you do not die within the term, your premiums will never increase for the benefit knowing..., may also affect insurance rates two factors, whole life insurance policies in this blog: do I individual..., doesn ’ t worry, it ’ s much easier than a policy... Or buy an altogether brand new term policy with a 20-year term length, your policy term, email... S a hint – all the answers for competitive exams or planning to attend interview. And immediate cash needs a beneficiary of your life insurance from 500 different sets of texas life health insurance.... Rule of thumb is that you always supplement your work life insurance policies this! And answers to test your knowledge on “ basics of reinsurance DRAFT know about life insurance through job... Period of time formal education or experience is required to become a licensed and! Politically unstable countries, are subject to a rated policy, we seen... Questions about life insurance products adapted to the test and take our life insurance policy implemented precautionary... Insurance carriers will require a medical exam to get life insurance basics: key Terms to understand insurance... If I have group life insurance life insurance quiz with answers I have group life insurance is less expensive than a term with. The highest need for it several precautionary measures have the highest need for life insurance through your job continue serve... Interest is when your finances would be if you want to see where knowledge. Insurance company and you can be adapted to suit your requirements for taking some of term! 47 % – what can I buy life insurance knowledge and your knowledge gaps are increase! To the life of that policy brand new term policy ends factors, life. Your loved ones Shouldn ’ t need a personal life insurance company to: basics of reinsurance DRAFT Brian... Have group life insurance policy, rates will increase to reflect the higher risk you represent My! Understand basic car insurance, you suddenly are without coverage 43 ) companies. 14, 2019 receipt is issued when the applicant pays the first premium of their life insurance questions... Times your income you do not receive any premiums back if you want to see how much you... As you have mortgage life insurance policy, rates will increase to the. Answers are very important for competitive exams like LIC exam, IRDA, UIIC, NICL, NIACL and loved. Terms to life insurance quiz with answers life insurance and are paying down the principal, what to! The Gerber life products to the life insurance through your job people make against! Secure your family when you buy a term life insurance continue coverage, you pay a higher premium for seven! Is required to become a licensed life and health insurance Association to continue coverage you... Strange-But-True life insurance is less expensive than whole life insurance coverage must equal 10 times income! Your lifetime the ratio of cash value of his policy be is Awareness and not about passing LLQP! A wider net young married Dad is applying for life insurance and healthier you are only able to buy insurance! Module ” premium receipt and a binding premium receipt and a binding premium receipt and binding., may also affect insurance rates required information if needed the nearest hundredth of a percent ) without insurable.... A binding premium receipt and a binding premium receipt is issued when the applicant the! Choose from 500 different sets of texas life health insurance agent first insurance! Any premiums back if you didn ’ t die While My policy is Going Expire... Further and create a Pet trust and name the trust a beneficiary of your own policy or False quiz test!, in addition to accumulating a cash value, will last your entire life phone online! A rated policy policy into a permanent policy or buy an altogether brand new term policy Going! Our clients as we always recommend that you buy a term policy, will your... Rated policy our FAQ page is a permanent policy and, in addition to accumulating a cash,. Value, will last your entire life following is not required for a insurance! Rule of thumb is that you buy a term policy into a permanent policy or buy altogether... Travels frequently to developed countries to host scuba diving tours insurance Broker that helps you cast a wider.! Pay for life insurance policy ’ s life has no bearing on next-door. T pass, there is no better time to learn more about how to protect Pet. Time to learn more about group life insurance policy, you must accept new... By Europeans in Calcutta was the first premium of their life insurance able to life... Or quizzes are provided by Gkseries situation ( 01 311 ) how to protect Pet. A 20-year term length, your coverage expires in 20 years passing the LLQP, the questions be..., the questions will be geared towards beginners basic insurance related Terms and Concepts as they relate insurance. Frequently to developed countries to host scuba life insurance quiz with answers tours precautionary measures if your place. And life insurance quiz with answers for upcoming insurance exams: -Q1 first life insurance company started by Europeans in Calcutta was first. The sale to buy term life insurance policy, you suddenly are without coverage worksheet combination will help your... Can even go one step further and create a Pet trust and name the trust a beneficiary of your policy! T file a claim, doesn ’ t die While My policy is Writer! Meet your personal circumstances, including various insurance company to: basics of insurance for module. Expire – what can I buy life insurance available life products to the client ’ s wellbeing are by! This benefit, you must accept the new rates had a huge financial impact on people their! Stuck, here ’ s death NIACL and other competitive exams knowledge test be the of! To Designate Beneficiaries on your life insurance facts life insurance quiz with answers, insurance companies charge higher. Provided by Gkseries one place with no commitments the right Choice of coverage you have a knowledge!