New York State Life Insurance Exam Questions Practice Question
What is the purpose of the policy review when an agent delivers a new life insurance policy to the insured?
Correct Answer: A
Rationale: The purpose of the policy review is to ensure that the insured comprehensively understands all aspects of the life insurance policy, including coverage details, benefits, and obligations. This clarity is vital for informed decision-making.
Option B is incorrect as the primary focus is not on selling additional policies but on educating the insured. Option C misrepresents the review's function; while some policies allow returns, this is not the review's aim. Option D suggests that the review is for revising terms, but once a policy is issued, changes typically require formal procedures rather than informal discussions during delivery.
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