FREE Chartered Life Underwriter (CLU) III Questions and Answers
What is the Ax in an NSP calculation if =0.30 and r=0.02?
What is the Ax in an NSP calculation if =0.30 and r=0.02?
Which of the following are the primary means through which the insurance sector is regulated?
A sizable section of the general public benefits from insurance, which is a public utility.
Occasionally, an uncommon treatment covered by dental insurance may be needed. What proportion of the total cost will the insurance cover?
The patient can pay a yearly deductible for the bill out of any remaining costs.
What happens if you stop making life insurance premium payments?
Insurance firms profit because some customers fail to make the agreed-upon payments. Beneficiaries of those who pass away with an unfinished amount will not be eligible to receive death benefits.
What would happen to John's beneficiaries if he passes away before paying the last payment to complete the insurance coverage?
The insurance won't cover anything under the contract, even with a minor delay in their payments. Prior to coverage, all contractually mandated payments must be made.
What proportion of your most recent earnings would the pension plan typically pay?
A pay-as-you-go pension arrangement allows for current employees to fund retirees through their employment taxes.
Which of the following is completely covered by the insurance provided by the dental plan?
Treatments including aesthetic requirements, tooth replacement, and plaque management are sometimes not reimbursed by insurance or are otherwise excluded.