STUDY GUIDE FOR
NYS LIFE INSURANCE
A
AGENT EXAM 17-51
VI
(ADD ONTO) ALREADY
TU
PASSED SOLUTIONS
IS
M
A+ GRADED
O
A
N
JP
, all of the following information about a customer must be used in determining annuity
suitability EXCEPT - ANSWER Beneficiarys age
how must a replacing producer respond to an applicant wishing to replace existing life
insurance? - ANSWER the producer must provide the applicant with a notice
regarding replacement
which of the following is the basic source of information used by the company in the risk
selection process? - ANSWER application
A
which of the following statements regarding hiv testing for life insurance purposes is
VI
NOT true? - ANSWER insurers are barred from requesting HIV testing
what is the time period called during which the surviving spouse of the insured does not
TU
receive social security income benefits? - ANSWER blackout period
what is the purpose of a conditional receipt? - ANSWER is it intended to provide
coverage on a date prior to the policy issue
IS
what does liquidity refer to in a life insurance policy? - ANSWER cash values can be
borrowed at any time
M
which of the following applicants could the insurer charge a higher rate of premium and
not violate regulations regarding unfair discrimination? - ANSWER an applicant who
O
is a smoker
part 2 of the application for life insurance provides questions regarding all of the
A
following EXCEPT - ANSWER other insurance coverages
N
which of the following statements is correct about a standard risk classification in the
same age group and with similar lifestyles? - ANSWER standard risk is
JP
representative of the majority of people
which part of an insurance application would contain information regarding the cause of
death of the applicant's deceased relatives? - ANSWER medical information
the mode of premium payment - ANSWER is defined as the frequency and the
amount of the premium payment
NYS LIFE INSURANCE
A
AGENT EXAM 17-51
VI
(ADD ONTO) ALREADY
TU
PASSED SOLUTIONS
IS
M
A+ GRADED
O
A
N
JP
, all of the following information about a customer must be used in determining annuity
suitability EXCEPT - ANSWER Beneficiarys age
how must a replacing producer respond to an applicant wishing to replace existing life
insurance? - ANSWER the producer must provide the applicant with a notice
regarding replacement
which of the following is the basic source of information used by the company in the risk
selection process? - ANSWER application
A
which of the following statements regarding hiv testing for life insurance purposes is
VI
NOT true? - ANSWER insurers are barred from requesting HIV testing
what is the time period called during which the surviving spouse of the insured does not
TU
receive social security income benefits? - ANSWER blackout period
what is the purpose of a conditional receipt? - ANSWER is it intended to provide
coverage on a date prior to the policy issue
IS
what does liquidity refer to in a life insurance policy? - ANSWER cash values can be
borrowed at any time
M
which of the following applicants could the insurer charge a higher rate of premium and
not violate regulations regarding unfair discrimination? - ANSWER an applicant who
O
is a smoker
part 2 of the application for life insurance provides questions regarding all of the
A
following EXCEPT - ANSWER other insurance coverages
N
which of the following statements is correct about a standard risk classification in the
same age group and with similar lifestyles? - ANSWER standard risk is
JP
representative of the majority of people
which part of an insurance application would contain information regarding the cause of
death of the applicant's deceased relatives? - ANSWER medical information
the mode of premium payment - ANSWER is defined as the frequency and the
amount of the premium payment
