©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
Insurance Exam Practice Exam:
Questions and Answers (100% Pass)
Pure or straight life - ✔️✔️Which of the following annuity benefit payment options would
generate the highest monthly payments to the contract owner upon annuitization?
Paid-up additions
1-year term
Cash - ✔️✔️All of the following are dividend options on a participating life insurance
policy:
Insured - ✔️✔️The person upon whose life an annuity is based is known as the:
Reduced paid-up - ✔️✔️When a policyowner uses the cash value in their policy to buy a
lesser amount of permanent life insurance, they have exercised which nonforfeiture
option:
Interest only - ✔️✔️Which of the following life insurance settlement options enables the
beneficiary to conserve the proceeds of a life insurance policy?
The account value - ✔️✔️In the case of a variable annuity sold to a senior citizen in this
state for which the owner has directed that the premium be invested in the mutual funds
1
, ©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
underlying the contract during the 30-day cancellation period, cancellation during that
period entitles the owner to a refund of:
They are purchased by those who are worried about outliving their savings.
They are not suitable as short term investments.
They may be used as a life insurance settlement option. - ✔️✔️All of the following are
true regarding annuities
Group (Life Insruance) - ✔️✔️Which of the following would not be considered to be
ordinary life insurance?
They are not guaranteed
They are legally defined as a return of premium and are not taxable
They are paid out of the insurer's accumulated surplus - ✔️✔️All of the following are true
regarding dividends paid by a mutual life insurance company
Renewable - ✔️✔️Which type of term life insurance has a level face amount but a
premium that increases each year as the insured gets older?
2
Insurance Exam Practice Exam:
Questions and Answers (100% Pass)
Pure or straight life - ✔️✔️Which of the following annuity benefit payment options would
generate the highest monthly payments to the contract owner upon annuitization?
Paid-up additions
1-year term
Cash - ✔️✔️All of the following are dividend options on a participating life insurance
policy:
Insured - ✔️✔️The person upon whose life an annuity is based is known as the:
Reduced paid-up - ✔️✔️When a policyowner uses the cash value in their policy to buy a
lesser amount of permanent life insurance, they have exercised which nonforfeiture
option:
Interest only - ✔️✔️Which of the following life insurance settlement options enables the
beneficiary to conserve the proceeds of a life insurance policy?
The account value - ✔️✔️In the case of a variable annuity sold to a senior citizen in this
state for which the owner has directed that the premium be invested in the mutual funds
1
, ©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
underlying the contract during the 30-day cancellation period, cancellation during that
period entitles the owner to a refund of:
They are purchased by those who are worried about outliving their savings.
They are not suitable as short term investments.
They may be used as a life insurance settlement option. - ✔️✔️All of the following are
true regarding annuities
Group (Life Insruance) - ✔️✔️Which of the following would not be considered to be
ordinary life insurance?
They are not guaranteed
They are legally defined as a return of premium and are not taxable
They are paid out of the insurer's accumulated surplus - ✔️✔️All of the following are true
regarding dividends paid by a mutual life insurance company
Renewable - ✔️✔️Which type of term life insurance has a level face amount but a
premium that increases each year as the insured gets older?
2
