Valor Financial
Who wants to be a financial professional?
Create multiple-choice games on Wisc-Online and play them on our Chakalaka mobile app!
But that's not all! Explore educational games created by others. Simply search by category or enter agame code number and dive into a world of learning and fun.
Download the Chakalaka mobile app here:
Topics of this game:
- All of the following are parties to a life insurance contract EXCEPT: I Insurer II Underwriter III Beneficiary IV Owner V Insured
- Which of the following will have to meet an insurable interest requirement in order for a policy to issue?
- Jack and his wife Lyn just purchased a home with a 15-year mortgage. Wanting to make sure that Lyn would be able to pay off the mortgage balance in the event of Jack's death, Jack had a "temporary" need for life insurance. What type of policy should Jack purchase?
- Which type of life insurance is considered to be more risky based on its investment component?
- Life insurance underwriters look at a variety of factors when determining the acceptance of an applicant. These factors can include:
- Which of the following needs to have an insurable interest for an underwriter to issue an insurance policy?
- Which of the following deals with a set of relationships where one person is authorized to act on behalf of another in order to create a legal relationship with a third party.
- All of the following can be considered life-changing events that could result in a change in the amount of life insurance coverage needed EXCEPT: I. Birth of a child II. Divorce III. Marriage IV. Change in job title
- Term life insurance should always be used in buy / sell agreements.
- Corporate owned life insurance proceeds may be used for the following purposes: I. To find, replace, and train a new employee or executive II. To fund other corporate debt obligations III. To redeem the deceased employee's stock
- What is the most common component in all life insurance policies?
- Permanent life insurance policies always have two components. What are they? I. Death benefit II. Cash value III. Living Benefits IV. Conversion Benefit
- A beneficiary on a life insurance policy will receive what value upon the death of the insured?
- John, who had a life insurance policy with a death benefit, died on 08/31, after a long bout with cancer. He had been hospitalized for a month before his death. His wife contacted the insurance company to file her claim for the death benefit on 09/05, after John's burial, and after she had time to collect her emotions to deal with her personal loss. The insurance agent filed the papers to process the claim with his supervisor, and the death benefit was settled on 10/30. Were any laws violated?
- Which of the following is a rider that allows a terminally ill person to access at least a portion of the death benefit proceeds prior to death?
User comments are currently unavailable. We apologize for the inconvenience and are working to restore this feature as soon as possible.