Af University Associates Final Exam
- 1.How many Primary Term layers are allowed on a TrueFit Policy?
- A.
1
- B.
4
- C.
5
- D.
3
- 2.When using the Green Sheet Process, what are you looking for when you ask the following question?Have you changed jobs in the last 5 years?
- A.
Client Stability
- B.
401K Money from a prior employer
- C.
To determine if they are able to afford additional insurance
- D.
Employment Opportunities
- 3.Where is life Quote Online located?
- A.
Access Allstate
- B.
Agency Gateway
- C.
ISell Financial
- D.
Alliance
- 4.Why does Allstate pull an MVR on a Life Insurance application?
- A.
To determine how long they have been driving
- B.
Looking for multiple traffic violations, reckless driving, and DUI
- C.
To make sure they don't have any unpaid tickets
- D.
To verify identity
- 5.How many Basic Term policies are allowed per customer?
- A.
One
- B.
Two
- C.
As many as you want
- D.
Four
- 6.If you are looking for simple affordable protection that gives you the largest amount of coverage at a low initial cost, a Truefit policy may be right for you for all the following reasons except.
- A.
Fully Underwritten
- B.
Became a new parent
- C.
Simplified underwriting
- D.
Bought a new home
- 7.The conversion privilege on a Truefit policy is available for how long?
- A.
The first year only
- B.
10 years
- C.
As long as the insured is insurable
- D.
15 years or the anniversary after age 65 whichever is earliest
- 8.Where is App On-Line located?
- A.
Access Allstate
- B.
Alliance
- C.
Gateway
- D.
Rules and Rates Page
- 9.Which of the following is true about Allstate's Truefit Life Insurance?
- A.
You can add Primary Term Rider after issue.
- B.
Allows recurring credit card payments
- C.
Is a permanent solution.
- D.
Chronic Illness Rider is available.
- 10.When is the best time to ask our clients about Life Insurance?
- A.
Only when they ask
- B.
When we can fird the time
- C.
When we know all there is to know about life insurance
- D.
Today
- 11.When using the "Life Needs Calculator" in Life Sales Central (LSC) which of the following expenses are most important to consider?
- A.
Mortgage and other outstanding debts
- B.
Funeral and other final expenses
- C.
Capital needed for College
- D.
All of the above
- 12.Which of the following would be an example of a Life Event?
- A.
Attending a Taylor Swift concert
- B.
Your young chld takes his or her first step
- C.
Getting Married
- D.
Taking a Caribbean cruise
- 13.Why would you sell life insurance for a juvenile?
- A.
To insure his health
- B.
To make grandparents happy
- C.
To make sure the parents standard of living won't be diminished
- D.
To establish future insurability
- 14.Which of the following is not true about Truefit?
- A.
Minimum death benefit ages 18-45 is $200,000
- B.
Children's level term rider can only be added at policy issue.
- C.
Minimum death benefit ages 46 and up is $50,000
- D.
Any term period 10 to 30 years
- 15.What is the best way to find people to sell life insurance to?
- A.
Just Ask all of he people who call you
- B.
Use the Green Sheet process with all of your clients
- C.
Ask every person you talk to (no matter what)
- D.
All of the above
- 16.Who is responsible to sell Life Insurance in your agency?
- A.
Your EFS
- B.
The Agent
- C.
LSPs
- D.
Everyone
- 17.Which of the following is true about a counter offer for Basic Term?
- A.
Allstate will counter offer coverage of $75,000 at a rated price.
- B.
The counter offer is good for 30 days
- C.
Counter offers are not available for Basic Term
- D.
If the client accepts the offer in 7 days they recieve a 10% discount
- 18.Which of the following statements is not true regarding Term Conversions?
- A.
The agency gets new IPS (Insurance Products Sold) When you do a Term Conversion
- B.
The agency gets new PC (Production Credit) on a Term Conversion
- C.
You can convert a term policy regardless of how long you have had the policy
- D.
You can convert the Term policy without proof of insurability
- 19.The "Rate Class Estimator" for Life insurance is found in Life Sales Central (LSC)
- A.
True
- B.
False
- 20.The "Know the Product Tool" is found in iSell Financial.
- A.
True
- B.
False
Questions: 30 | Attempts: 77 | Last updated: Jul 1, 2019
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