Question
a.
Property Protection Policy
b.
Mortgage Repayment Guarantee
c.
Credit Life Insurance policy
d.
Mortgage Security Coverage
Posted under IC38 Life Insurance Agent Exam
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What is another common term used for "Mortgage Redemption Insurance"?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. Who pays the premium for Keyman Insurance?
View solution
Q. What type of losses can Keyman Insurance provide compensation for?
View solution
Q. Who can be considered a key person in the context of Key-man Insurance?
View solution
Q. What is the primary purpose of Key-man Insurance for businesses?How is Keyman Insurance different from traditional life insurance?
View solution
Q. What is the primary purpose of Key-man Insurance for businesses?
View solution
Q. What is the main benefit of setting up a trust under the Married Women's Property Act for life insurance policies?
View solution
Q. What happens if a policyholder does not appoint a special trustee for a policy under the MWP Act?
View solution
Q. What is the significance of appointing a trustee for a life insurance policy under the MWP Act?
View solution
Q. What happens to the proceeds of a life insurance policy held under the Married Women's Property Act as long as the trust's objectives remain?
View solution
Q. Under Section 6 of the Married Women's Property Act, what is the purpose of creating a trust when a married man takes a life insurance policy?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
