PEARSON VUE LIFE INSURANCE PRACTICE
EXAM 2026 COMPLETE PRACTICE
QUESTIONS AND CORRECT ANSWERS
WITH DETAILED EXPLANATIONS LIFE
INSURANCE LICENSING EXAM STUDY
GUIDE GRADE A+ 2026 EDITION
If an applicant for life insurance submits a completed application to a
producer without paying the first premium, coverage becomes effective
when the:
A.producer accepts the application
B.applicant successfully completes the medical examination
C.insurer approves the application - CORRECT ANSWER -D
Which of the following features allows an insurance policy to remain in
force for a specified number of days beyond the premium due date?
A.Reinstatement provision
B.Nonforfeiture Option
,C.Grace Period provision
D.Consideration clause - CORRECT ANSWER -C
Which of the following provisions in a life policy specifies the manner in
which proceeds will be paid to a beneficiary on the death of the insured?
A.Nonforfeiture Options
B.Settlement Options
C.Conditions
D.Modes of Payment - CORRECT ANSWER -B
An applicant's statements on an application are considered to be legal:
A.warranties
B.representations
C.guarantees
D.waivers - CORRECT ANSWER -B
, Which of the following terms refers to the transfer of some or all of the
ownership rights of a life insurance policy from one individual to another?
A.Nonforfeiture
B.Endorsement
C.Transfer for value
D.Assignment - CORRECT ANSWER -D
A contract that promises to pay an income to an insured until his/her death
is called:
A.Family Income
B.Modified Endowment
C.Survivorship Life
D.Life Annuity - CORRECT ANSWER -D
Which of the following group life plans requires at least 75 percent of the
eligible members to participate?
EXAM 2026 COMPLETE PRACTICE
QUESTIONS AND CORRECT ANSWERS
WITH DETAILED EXPLANATIONS LIFE
INSURANCE LICENSING EXAM STUDY
GUIDE GRADE A+ 2026 EDITION
If an applicant for life insurance submits a completed application to a
producer without paying the first premium, coverage becomes effective
when the:
A.producer accepts the application
B.applicant successfully completes the medical examination
C.insurer approves the application - CORRECT ANSWER -D
Which of the following features allows an insurance policy to remain in
force for a specified number of days beyond the premium due date?
A.Reinstatement provision
B.Nonforfeiture Option
,C.Grace Period provision
D.Consideration clause - CORRECT ANSWER -C
Which of the following provisions in a life policy specifies the manner in
which proceeds will be paid to a beneficiary on the death of the insured?
A.Nonforfeiture Options
B.Settlement Options
C.Conditions
D.Modes of Payment - CORRECT ANSWER -B
An applicant's statements on an application are considered to be legal:
A.warranties
B.representations
C.guarantees
D.waivers - CORRECT ANSWER -B
, Which of the following terms refers to the transfer of some or all of the
ownership rights of a life insurance policy from one individual to another?
A.Nonforfeiture
B.Endorsement
C.Transfer for value
D.Assignment - CORRECT ANSWER -D
A contract that promises to pay an income to an insured until his/her death
is called:
A.Family Income
B.Modified Endowment
C.Survivorship Life
D.Life Annuity - CORRECT ANSWER -D
Which of the following group life plans requires at least 75 percent of the
eligible members to participate?
