Q. What is the effect of alterations that lower the premium in a life insurance policy?

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Q. What details are typically required in the agent's report for a life insurance policy?

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Q. Who records and mentions details pertaining to physical features like height, weight, blood pressure, and cardiac status in a life insurance application?

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Q. What is "moral hazard" in the context of life insurance?

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Q. When does an insurance contract commence in the context of life insurance?

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Q. What is the most important document associated with an insurance policy in life insurance?

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Q. What are the typical parts of a standard policy document in life insurance?

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Q. What does the grace period clause in a life insurance policy provide?

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Q. What is the process of putting a life insurance policy back into force after it has been terminated due to non-payment of premiums or continued under non-forfeiture provisions?

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Q. How does a policy loan in life insurance differ from an ordinary commercial loan?

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Q. What is the purpose of "nomination" in life insurance?

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Q. What does an "assignment" of a life insurance policy involve?

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Q. Under what circumstances may policy alterations be permitted in life insurance?

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Q. Under what circumstances would the policyholder need to appoint an appointee?

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