Applicants for which of the following types of policies would normally require the most comprehensive underwriting?
A) Guaranteed renewable disability income insurance
B) Basic medical expense insurance
C) Limited accident insurance
D) Industrial health insurance
Answer: A) Guaranteed renewable disability income insurance
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Which of the following statements best describes the general tax treatment of life insurance pre- and post-death distributions?
A) Most pre- and post-death distributions from a life insurance policy are income tax-free, but they may be subject to AMT. B) All distributions from a life insurance policy at the insured's death are income tax-free, but pre-death distributions are subject to income taxation. C) Most distributions from a life insurance policy at the insured's death are income tax-free, but pre-death distributions may be subject to income taxation if the withdrawal exceeds premiums paid. D) Most pre- and post-death distributions from a life insurance policy are subject to income taxation to the extent there is gain in the policy
Unsought products are products that the customer usually buys frequently, immediately, and with a minimum of comparison and buying effort
Indicate whether the statement is true or false