Team Af Quiz Awla

10 Questions | Total Attempts: 36

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Team Af Quiz Awla

Questions and Answers
  • 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

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