Af University Associates Final Exam

20 Questions | Total Attempts: 391

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Af University Associates Final Exam

Questions and Answers
  • 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

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