Arkansas Life and Health Insurance Practice Exam 2025 – The Comprehensive All-in-One Guide for Exam Success!

Question: 1 / 400

The term 'mode' refers to the:

Discounts available on the policy

Mode refers to the discounts that are available on a policy. The other options are incorrect because B, frequency of premium payments, is typically referred to as the "premium payment schedule" and is different from mode. C, the policy's maturity date, refers to when the policy ends, not discounts available. Lastly, D, coverage period of the policy, refers to the length of time the policy is in effect, not discounts available. When discussing insurance policies, mode specifically refers to the discounts offered.

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Frequency of premium payments

Policy's maturity date

Coverage period of the policy

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