Team Af Quiz Awla
- 1.What is the minimum face amount ages 18 to 80 for Allstate Whole Life Advantage?
- A.
100,000
- B.
25,000
- C.
200,000
- D.
50,000
- 2.Which of the follow is not true in regards to the AWLA prime term rider?
- A.
10,15 or ,20 year level period, no ART.
- B.
Total coverage pricing.
- C.
Avoids policy fee from having seperate term policy.
- D.
Is available in any increment between 10 and 20 years.
- 3.Which of the following is true about Paid-up Insurance Rider?
- A.
The minimum annual premium is $100.
- B.
If the annual premium for this rider is not paid no further payments will be allowed.
- C.
First year required premium is $0.
- D.
All of the above
- 4.Which of the following is not true about Excess Credits?
- A.
Based on expected future motality, interest & expense experience
- B.
Declared and paid at beginning of policy year
- C.
Once paid, they become a guaranteed element of the policy
- D.
Excess credits are the equivalent of dividends.
- 5.Which of the following is true about Excess Credit options?
- A.
Can be used to increase death benefit and cash
- B.
Can be paid in cash
- C.
Can be used to repay policy debt
- D.
Can be used to reduce premiums due.
- E.
All of the above
- 6.Which of the following is not true about policy loans on AWLA
- A.
Variable loan rate is currently 5%.
- B.
Excess credits will not be paid on money that is out on loan
- C.
If the policy lapses, the loan amount amy be taxable.
- D.
Paid Up Additions from excess credts can be borrowed.
- 7.You have a female age 35, non-smoker, rated standard select. With the following coverages: $250,000 death benefit, $250,000 PITR (15 yr), waiver of premium (max), guaranteed insurability rider($50,000). She wants to pay quarterly auto. What will be her premium?
- A.
896.87
- B.
931.37
- C.
3449.50
- D.
805.64
- 8.According to the AWLA Marketing Tool Overview the AWLA provides new opportunity to help you do each of the following "except"?
- A.
Sell larger cases with bigger premiums
- B.
Meet the needs of business insurance customers
- C.
Provide lower initial premiums
- D.
Expand your business rather than just shifting current customers
- 9.Whole life insurance market share has grown by over what % since 2007?
- A.
0%
- B.
25%
- C.
100%
- D.
50%
- 10.You write a AWLA on a 10 year old boy with $100,000 coverage and do a 10 year pay on the premium. The policy will be a MEC?
- A.
True
- B.
False
Questions: 8 | Attempts: 2675 | Last updated: Mar 27, 2020
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