Emily155385idn
Answered

Find solutions to your questions with the help of IDNLearn.com's expert community. Our experts are ready to provide prompt and detailed answers to any questions you may have.

When determining the suitability of a life insurance policy or annuity contract, the agent must consider all of the following, EXCEPT:

A. The income of the customer.
B. The customer's existing in-force insurance.
C. The customer's circumstances.
D. The commissions payable on such policy or contract.

Sagot :

GinnyAnsweridn

Final answer:

Agents evaluating life insurance policies must consider customer's income, existing insurance, and circumstances but not commissions.


Explanation:

When determining the suitability of a life insurance policy or annuity contract, the agent must consider various factors. The agent should assess the customer's income, existing in-force insurance, and circumstances to make an informed recommendation. However, commissions payable on such policy or contract would not be a factor to consider when evaluating the suitability of the policy or contract.


Learn more about Life insurance suitability evaluation here:

https://brainly.com/question/37855594


Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Accurate answers are just a click away at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.