[Answer] When new Life Insurance is to be purchased the solicitation will be considered a replacement transaction if in conjunction with the sale existing Life Insurance will be subject to borrowing for amounts exceeding which of the following?10% of the policy's loan value75% of the policy's loan value25% of the policy's loan value50% of the policy's loan value

Answer: 25% of the policy's loan valueIf a client keeps an existing policy but borrows more than 25% of it's cash value in order to use that money for a new policy Replace has occurred.

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When new Life Insurance is to be purchased the solicitation will be considered a replacement transaction if in conjunction with the sale existing Life Insurance will be subject to borrowing for amounts exceeding which of the following?10% of the policy's loan value75% of the policy's loan value25% of the policy's loan value50% of the policy's loan value Wed Jan 08 2020 · For many people life insurance is not a one-time purchase. There are many reasons why they would replace their policy with a new one—to … ( a) "Replacement " means any transaction in which new life insurance or a new annuity is to be purchased and it is known or should be known to the proposing agent or to the proposing insurer if there is no agent that by reason of that transaction the existing life insurance or annuity has been or is to be any of the following: (1) Lapsed ... insurance Flashcards | Quizlet Life Insurance Replacement: Rules Laws & Regulations Life Insurance Replacement: Rules Laws & Regulations Life Insurance Replacement: Rules Laws & Regulations -8 Existing life insurance that is a nonconvertible term life insurance policy that will expire in five - (5) years or less and cannot be renewed; (9) Immediate annuities that are purchased with proceeds from an existing contract. A replacement occurs when a new life insurance policy or annuity contract is purchased and in connection with the sale you discontinue making ... or by borrowing some or all of the life insurance policy values including accumulated dividends of an existing life insurance policy to pay all or part ... A financed purchase will reduce the ... A replacement occurs when a new life insurance policy or annuity contract is purchased and in connection ...

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