LIFE INSURANCE (OFFICIAL LLQP)

This class was created by Brainscape user Manny Dain. Visit their profile to learn more about the creator.

Decks in this class (18)

OVERVIEW (LLQP Flashcards)
Disclaimer 1,
What are the two main categories ...,
A client purchased a 10 year guar...
30  cards
EXAM PRACTICE QUESTIONS
Shri purchases a universal life u...,
Rick and august are equal shareho...,
Billy and christie are meeting wi...
32  cards
EXAM PRACTICE QUESTIONS 2
Adi and dilan each owned 50 of th...,
Darrin is a life insurance agent ...,
George owns a life insurance poli...
33  cards
EXAM PRACTICE QUESTIONS 3
Denay and althea both aged 64 hav...,
Monica was born on april 5th 1970...,
Sometimes mistakes are made when ...
22  cards
"NEED TO KNOW' CALCULATIONS
How do you calculate the modal fa...,
How do you calculate the net amou...,
Simplify yearly renewable term yrt 3
28  cards
Life Insurance (Chapter 1)
Disclaimer 1,
Policyholder 2,
Life insured 3
16  cards
Term Life Insurance (Chapter 2)
Review name the potential financi...,
Contingent beneficiary 2,
Review risk transfer 3
37  cards
Whole Life & T-100 (Chapter 3)
Cash surrender value csv 1,
The difference between death bene...,
Review name at least 3 types of t...
63  cards
Universal Life Insurance (Chapter 4)
Review what s the difference betw...,
Adjusted cost basis acb 2,
Review what are the differences i...
70  cards
Riders & Supplementary Benefits (Chapter 5)
Review simplify yearly renewable ...,
Review what are the premium optio...,
Review explain extended term insu...
60  cards
GROUP INSURANCE (Chapter 6)
Review what is a family coverage ...,
Review define limited payment t 1...,
Review what is a term 100 policy 3
70  cards
TAXATION OF LIFE INSURANCE & TAX STRATEGIES (Chapter 7)
Review what is a family coverage ...,
Adjusted cost basis acb 2,
Review how do you calculate the n...
62  cards
TAXATION OF LIFE INSURANCE & TAX STRATEGIES (P2) (Chapter 7)
Review how do you calculate the n...,
Review what are the calculations ...,
Review last acquired polices g1 g...
63  cards
BUSINESS LIFE INSURANCE (Chapter 8)
Review name two ways to identify ...,
Review what are some key points f...,
Review the insurance contract usu...
67  cards
APPLICATION AND UNDERWRITING (Chapter 9)
Review what s the most common arr...,
Review there are 5 steps with the...,
Review there are 7 steps with the...
71  cards
ASSESSING CLIENTS SITUATIONS (Chapter 10)
Disclaimer 1,
Agents need to understand their c...,
Loss of income is often one of th...
6  cards
RECOMMENDING AN INSURANCE POLICY (Chapter 11)
Review what is a term policy 1,
Review explain term 100 2,
Review define universal life 3
38  cards
ONGOING SERVICE (Chapter 12)
Name some of the life events that...,
Clients who become business owner...,
It is important for the agent to ...
16  cards

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LIFE INSURANCE (OFFICIAL LLQP)

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