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preneed

Question tag: preneed 33 Questions

0 Votes 1 Ans

Can the preneed arranger and I negotiate a projected charge for the nonguaranteed items based on the rate of inflation?

arranger based charge inflation items negotiate nonguaranteed preneed projected rate

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Are bona fide religious, non-profit cemeteries which sell preneed goods or preneed services required to establish a preneed trust fund?

bona cemeteries fide non-profit preneed Religious sell Services

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Can a preneed license holder, sell 2 insurance contracts to the same person in order to exceed the $12,500 limit?

contracts exceed Insurance license person preneed sell

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What Exactly is a Preneed Funeral Policy?

funeral policy preneed

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Does a certificate holder have an insurable interest in the life of the preneed purchaser?

Certificate insurable life preneed purchaser

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Can a preneed entity hold the life insurance premiums?

entity hold Life Insurance premiums preneed

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What is the minimum amount of life insurance to be issued on a preneed contract?

contract issued Life Insurance minimum preneed

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If life insurance is used to fund a preneed contract, what amount must be recorded on the financial statement?

contract financial statement fund Life Insurance preneed recorded Used

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If a preneed entity is using life insurance to fund the preneed contracts, is a trust needed?

contracts entity fund Life Insurance needed preneed Trust

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Does a trust have an insurable interest in the life of the preneed purchaser?

insurable life preneed purchaser Trust

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Can a preneed sales agent represent or sell for different funeral directors, funeral establishments, cemetery authorities, third party sellers, or their branch registrants at the same time?

agent cemetery different Directors establishments funeral preneed sales sell

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If a preneed entity uses group life insurance to fund the preneed contracts, does the preneed sales agent need to hold an insurance producer license to sell life insurance?

agent contracts entity fund group hold Life Insurance preneed sales uses

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Do persons selling preneed contracts for interment (burial) rights have to be registered as preneed sales agents?

agents burial contracts interment persons preneed registered Rights sales Selling

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When must a preneed sales agent registration form be completed and what is the fee for the registration?

agent fee form preneed registration sales

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If a person has an insurable interest in a preneed purchaser, does the preneed purchaser need to give consent on the life insurance application?

application Consent insurable Life Insurance person preneed purchaser

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May a preneed sales agent be paid a commission by an insurance company in addition to any commission paid by a preneed provider for sale of a preneed contract?

addition agent Commission COMPANY for sale Insurance paid preneed Provider sales

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What is the role of the medical examiner?

Consumers cremation death Examiner funeral medical preneed preplan

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If a preneed entity uses individual life insurance to fund the preneed contracts, does the preneed sales agent need to hold an insurance producer license to sell life insurance?

agent contracts entity fund hold individual Life Insurance preneed sales uses

0 Votes 1 Ans

If a preneed entity satisfies the Act’s security requirements by placing funds paid pursuant to a preneed contract in trust, must the preneed sales agent be registered pursuant to the Act?

ACT entity funds paid placing preneed pursuant requirements satisfies security

0 Votes 1 Ans

What is a cancer insurance policy?

annuities cancer insurance policy Life Insurance Military preneed term whole life