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Florida 2-15 Final Exam 2025 Questions and Answers When life insurance proceeds are used to pay inheritance taxes and federal estate taxes, it is known as - --CORRECT ANSWER--Estate conservation In group insurance, the primary purpose of the Coordination of Benefits provision is to - --CORRECT ANSWER--Prevent overinsurance Which of the following statements is NOT true regarding health insurance policy provisions? - --CORRECT ANSWER--All additional provisions written by insurers are cataloged by their respective states. The policyowner has an option to pledge the life insurance policy as collateral for a bank loan. This is called - --CORRECT ANSWER--A collateral assignment A whole life policy is surrendered for a reduced-paid up policy. The cash value in the new policy will - --CORRECT ANSWER--Continue to increase When filling out an application for insurance, the applicant makes a mistake. If a fresh application were not available, what could the applicant do to properly correct the mistake? - --CORRECT ANSWER--Cross the incorrect answer out, write the correct one beside it, and initial the answer. ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1