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Chapter 5 – Suitability and Best Practices Review Questions

Posted on 07.31.24

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  1. Question 1 of 6
    1. Question

    The _____ asks questions about the monetary requirements a life insurance prospect’s family will have if the prospect dies prematurely.

  2. Question 2 of 6
    2. Question

    All the following are factors in determining a life insurance product’s suitability for a particular individual, EXCEPT:

  3. Question 3 of 6
    3. Question

    How long an individual plans to hold a life insurance policy before surrendering it for its cash value is referred to as the applicant’s:

  4. Question 4 of 6
    4. Question

    Louise’s _____ is viewed as aggressive because she is willing and able to accept a larger financial loss than the average investor.

  5. Question 5 of 6
    5. Question

    The best interest obligations stated in the NAIC model regulation include all the following EXCEPT:

  6. Question 6 of 6
    6. Question

    A best interest standard requires the agent to seek out and find the best product for the client based on the client’s stated needs and goals and a suitability standard requires the agent to seek out and find _____.

Categories: General, Nebraska

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