Which clause defines total disability as being unable to perform the major duties of the insured’s regular occupation?

Which clause defines total disability as being unable to perform the major duties of the insured's regular occupation

Which clause defines total disability as being unable to perform the major duties of the insured’s regular occupation?

 Options:

Own occupation clause
Any occupation clause
Residual clause
Presumptive clause

The Correct Answer Is:

  • Own occupation clause

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Which of the following is considered an element of a Variable Life Policy?

Which of the following is considered an element of a Variable Life Policy

Which of the following is considered an element of a Variable Life Policy?

 Options:

Underlying equity investment
Little or no risk to insured
Guaranteed dividends
Insurer assumes all the risk

The Correct Answer Is:

  • Underlying equity investment

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T has a term policy that allows him to continue the coverage after expiration of the initial policy period. What type of term coverage is this?

T has a term policy that allows him to continue the coverage after expiration of the initial policy period. What type of term coverage is this

T has a term policy that allows him to continue the coverage after expiration of the initial policy period. What type of term coverage is this?

 Options:

Renewable
Increasing
Level
Decreasing

The Correct Answer Is:

  • Renewable

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What type of life policy covers 2 lives and pays the face amount after the first one dies?

What type of life policy covers 2 lives and pays the face amount after the first one dies

What type of life policy covers 2 lives and pays the face amount after the first one dies?

 Options:

Group Life
Joint Life Policy
Family Income Policy
Last Survivor

The Correct Answer Is:

  • Joint Life Policy

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The power based on a channel member’s superior knowledge and information about his products is called:

The power based on a channel member's superior knowledge and information about his products is called

The power based on a channel member’s superior knowledge and information about his products is called:

 Options:

A. Expert power
B. Legitimate power
C. Coercion
D. Retailer power

The Correct Answer Is:

  • A. Expert power

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In relationship marketing firms focus on _________ relationships with _________.

In relationship marketing firms focus on _________ relationships with _________.

In relationship marketing firms focus on _________ relationships with _________.

 Options:

A. short-term; customers and suppliers
B. long-term; customers and suppliers
C. short-term; customers
D. long-term; customers

The Correct Answer Is:

  • B. long-term; customers and suppliers

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In channel of distribution particularly _________ are able to create an image of their store in the minds of the customer.

In channel of distribution particularly _________ are able to create an image of their store in the minds of the customer.

In channel of distribution particularly _________ are able to create an image of their store in the minds of the customer.

 Options:

A. Wholesaler
B. Retailer
C. Distributor
D. Dealer

The Correct Answer Is:

  • B. Retailer

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Building the brand vision is very serious matter and cannot be decided by just one manager because of the issue of:

Building the brand vision is very serious matter and cannot be decided by just onemanager because of the issue of

Building the brand vision is very serious matter and cannot be decided by just one manager because of the issue of:

 Options:

A. Marketing
B. Finance
C. Production
D. Visual display

The Correct Answer Is:

  • B. Finance

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Building the brand vision is very serious matter and cannot be decided by just one manager because of the issue of:

Building the brand vision is very serious matter and cannot be decided by just one manager because of the issue of

Building the brand vision is very serious matter and cannot be decided by just one manager because of the issue of:

 Options:

A. Marketing
B. Finance
C. Production
D. Promotion

The Correct Answer Is:

  • B. Finance

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