PEARSON VUE LIFE INSURANCE PRACTICE EXAM
ACTUAL NEWEST EXAM COMPLETE 50 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+.
If an insured commits suicide after the Suicide clause in the insured's life
insurance policy has expired, the insurer will take which of the following
actions?
A.Refuse to pay the Death benefit or refund any premiums
B.Refund only the premiums paid
C.Refund the premiums paid plus interest
D.Pay the Death benefit ✔✔ANSWER✔✔D
Which of the following policy provisions provides for continuation of
coverage despite nonpayment of premiums?
A.Entire Contract
B.Ownership clause
,C.Nonforfeiture Option
D.Insuring clause ✔✔ANSWER✔✔C
An applicant for life insurance may question the validity and source of any
consumer information developed under the
A.Medical Information Bureau Disclosure Act
B.Fair Credit Reporting Act (Insurance Information and Privacy Protection
Act)
C.Equal Employment Opportunity Act
D.Medicare Act ✔✔ANSWER✔✔B
The PRIMARY reason for selecting a Variable Whole Life policy instead of a
traditional Whole Life policy is that the Variable Whole Life policy:
A.provides flexible premium payments
B.allows the policyowner to borrow a larger percentage of the cash value
, C.has the potential to earn a higher rate of return on the cash value
D.allows the policyowner more flexibility in naming and changing
beneficiaries ✔✔ANSWER✔✔C
A policyowner names his wife as the primary beneficiary of his Universal Life
policy on a revocable basis. He also names his three children as his
secondary beneficiaries and his estate as his tertiary beneficiary. If the
policyowner's wife predeceases him, and then he dies, who will receive the
policy proceeds?
A.The children
B.The policyowner's estate
C.The primary beneficiary's estate
D.The tertiary beneficiary ✔✔ANSWER✔✔A
The Waiver of Premium provision of a life policy allows the insurer to take
which of the following actions?
A.Waive an insured's premiums if the insured becomes totally disabled
before a certain age
ACTUAL NEWEST EXAM COMPLETE 50 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+.
If an insured commits suicide after the Suicide clause in the insured's life
insurance policy has expired, the insurer will take which of the following
actions?
A.Refuse to pay the Death benefit or refund any premiums
B.Refund only the premiums paid
C.Refund the premiums paid plus interest
D.Pay the Death benefit ✔✔ANSWER✔✔D
Which of the following policy provisions provides for continuation of
coverage despite nonpayment of premiums?
A.Entire Contract
B.Ownership clause
,C.Nonforfeiture Option
D.Insuring clause ✔✔ANSWER✔✔C
An applicant for life insurance may question the validity and source of any
consumer information developed under the
A.Medical Information Bureau Disclosure Act
B.Fair Credit Reporting Act (Insurance Information and Privacy Protection
Act)
C.Equal Employment Opportunity Act
D.Medicare Act ✔✔ANSWER✔✔B
The PRIMARY reason for selecting a Variable Whole Life policy instead of a
traditional Whole Life policy is that the Variable Whole Life policy:
A.provides flexible premium payments
B.allows the policyowner to borrow a larger percentage of the cash value
, C.has the potential to earn a higher rate of return on the cash value
D.allows the policyowner more flexibility in naming and changing
beneficiaries ✔✔ANSWER✔✔C
A policyowner names his wife as the primary beneficiary of his Universal Life
policy on a revocable basis. He also names his three children as his
secondary beneficiaries and his estate as his tertiary beneficiary. If the
policyowner's wife predeceases him, and then he dies, who will receive the
policy proceeds?
A.The children
B.The policyowner's estate
C.The primary beneficiary's estate
D.The tertiary beneficiary ✔✔ANSWER✔✔A
The Waiver of Premium provision of a life policy allows the insurer to take
which of the following actions?
A.Waive an insured's premiums if the insured becomes totally disabled
before a certain age
