Kevin's background is market research. He was hired by Alpha Insurance to perform an analysis of consumers in a certain geographic region. His research indicated that although these consumers were fairly affluent, most did not have large amounts of life insurance. Kevin's position at the insurance company would fall under which functional area?

(a) claims settlement
(b) production
(c) underwriting
(d) ratemaking

Ans: (b) production

Business

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Which of the following $100,000 yearly renewable term(YRT) policies would require the LOWEST premium?

(a) YRT purchased by a man age 30 (b) YRT purchased by a woman age 30 (c) YRT purchased by a man age 60 (d) YRT purchased by a woman age 60

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Buyer should get pre-approved for financing:

A. Before their agent start showing them homes B. As soon as they're notified that the seller has accepted their offer C. After all contingencies in the purchase and sales agreement have been Matt D. By their own agent, Not A lender

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