Insurance Exam
Practice Exam
Questions and
Answers
Pure or straight life - (CORRECT ANSWER)-Which of the following annuity benefit
b b b b b b b b b b b
b payment options would generate the highest monthly payments to the contract owner
b b b b b b b b b b b
b upon annuitization?
b
Paid-up additions b
1-year term b
Cash - (CORRECT ANSWER)-All of the following are dividend options on a participating
b b b b b b b b b b b b
b life insurance policy:
b b
Insured - (CORRECT ANSWER)-The person upon whose life an annuity is based is known
b b b b b b b b b b b b b
b as the:
b
, Reduced paid-up - (CORRECT ANSWER)-When a policyowner uses the cash value in their
b b b b b b b b b b b b
b policy to buy a lesser amount of permanent life insurance, they have exercised which
b b b b b b b b b b b b b
b nonforfeiture option: b
Interest only - (CORRECT ANSWER)-Which of the following life insurance settlement
b b b b b b b b b b
b options enables the beneficiary to conserve the proceeds of a life insurance policy?
b b b b b b b b b b b b
The account value - (CORRECT ANSWER)-In the case of a variable annuity sold to a senior
b b b b b b b b b b b b b b b
b citizen in this state for which the owner has directed that the premium be invested in the
b b b b b b b b b b b b b b b b
b mutual funds underlying the contract during the 30-day cancellation period, cancellation
b b b b b b b b b b
b during that period entitles the owner to a refund of:
b b b b b b b b b
They are purchased by those who are worried about outliving their savings.
b b b b b b b b b b b
They are not suitable as short term investments.
b b b b b b b
They may be used as a life insurance settlement option. - (CORRECT ANSWER)-All of the
b b b b b b b b b b b b b b
b following are true regarding annuities
b b b b
Group (Life Insruance) - (CORRECT ANSWER)-Which of the following would not be
b b b b b b b b b b b
b considered to be ordinary life insurance?
b b b b b
Practice Exam
Questions and
Answers
Pure or straight life - (CORRECT ANSWER)-Which of the following annuity benefit
b b b b b b b b b b b
b payment options would generate the highest monthly payments to the contract owner
b b b b b b b b b b b
b upon annuitization?
b
Paid-up additions b
1-year term b
Cash - (CORRECT ANSWER)-All of the following are dividend options on a participating
b b b b b b b b b b b b
b life insurance policy:
b b
Insured - (CORRECT ANSWER)-The person upon whose life an annuity is based is known
b b b b b b b b b b b b b
b as the:
b
, Reduced paid-up - (CORRECT ANSWER)-When a policyowner uses the cash value in their
b b b b b b b b b b b b
b policy to buy a lesser amount of permanent life insurance, they have exercised which
b b b b b b b b b b b b b
b nonforfeiture option: b
Interest only - (CORRECT ANSWER)-Which of the following life insurance settlement
b b b b b b b b b b
b options enables the beneficiary to conserve the proceeds of a life insurance policy?
b b b b b b b b b b b b
The account value - (CORRECT ANSWER)-In the case of a variable annuity sold to a senior
b b b b b b b b b b b b b b b
b citizen in this state for which the owner has directed that the premium be invested in the
b b b b b b b b b b b b b b b b
b mutual funds underlying the contract during the 30-day cancellation period, cancellation
b b b b b b b b b b
b during that period entitles the owner to a refund of:
b b b b b b b b b
They are purchased by those who are worried about outliving their savings.
b b b b b b b b b b b
They are not suitable as short term investments.
b b b b b b b
They may be used as a life insurance settlement option. - (CORRECT ANSWER)-All of the
b b b b b b b b b b b b b b
b following are true regarding annuities
b b b b
Group (Life Insruance) - (CORRECT ANSWER)-Which of the following would not be
b b b b b b b b b b b
b considered to be ordinary life insurance?
b b b b b
