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Pearson VUE: Casualty Insurance Practice
Exam|2024-2025 newest|COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
|FREQUENTLY MOST TESTED| (100% accurate
solutions)|ALREADY GRADED A+
Under the social security retirement benefits, all of the following factors will
influence how much a retiring individual will receive as a monthly income
benefit except the individual's - (answers)Sex
In life insurance, insurance interest must exist at the time the -
(answers)Producer writes an application on a proposed insured
Which of the following statements is NOT correct about representations? -
(answers)They are true in every respect
An insurance producer takes an application for a life insurance policy but does
not collect the initial premium. On delivery of the policy to the proposed
insured, the producer must collect the initial premium and which of the
following? - (answers)The insured's signed statement of continued good health
Which of the following retirement plans is tax-qualified? - (answers)Defined
contribution
Which of the following statements is correct about the paid-up additions in a
participating whole life policy? - (answers)They are purchased on an attained
age basis
The right to change a beneficiary designation is reserved for the: -
(answers)Policyowner
, 2
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? -
(answers)Settlement options
Two business partners own life insurance on each other. If one partner dies,
which of the following contracts will allow the other partner to buy 100
percent of the business interest? - (answers)buy-sell agreement
The waiver of premium provision of a life policy allows the insurer to take
which of the following actions? - (answers)waive an insured's premiums if the
insured becomes totally disabled before a certian age
A life insurance application is incomplete if it is missing the signature of which
of the following? - (answers)The proposed adult insured
Which of the following statements is correct about group life conversion
privileges? - (answers)Death during the conversion period is covered if the
departing employee chose not to conver the policy.
In the event of an insured's death, which of the following provides an income
for the family during a designated period of time followed by a lump sum death
benefit? - (answers)Family income rider
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? -
(answers)children
Pearson VUE: Casualty Insurance Practice
Exam|2024-2025 newest|COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
|FREQUENTLY MOST TESTED| (100% accurate
solutions)|ALREADY GRADED A+
Under the social security retirement benefits, all of the following factors will
influence how much a retiring individual will receive as a monthly income
benefit except the individual's - (answers)Sex
In life insurance, insurance interest must exist at the time the -
(answers)Producer writes an application on a proposed insured
Which of the following statements is NOT correct about representations? -
(answers)They are true in every respect
An insurance producer takes an application for a life insurance policy but does
not collect the initial premium. On delivery of the policy to the proposed
insured, the producer must collect the initial premium and which of the
following? - (answers)The insured's signed statement of continued good health
Which of the following retirement plans is tax-qualified? - (answers)Defined
contribution
Which of the following statements is correct about the paid-up additions in a
participating whole life policy? - (answers)They are purchased on an attained
age basis
The right to change a beneficiary designation is reserved for the: -
(answers)Policyowner
, 2
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? -
(answers)Settlement options
Two business partners own life insurance on each other. If one partner dies,
which of the following contracts will allow the other partner to buy 100
percent of the business interest? - (answers)buy-sell agreement
The waiver of premium provision of a life policy allows the insurer to take
which of the following actions? - (answers)waive an insured's premiums if the
insured becomes totally disabled before a certian age
A life insurance application is incomplete if it is missing the signature of which
of the following? - (answers)The proposed adult insured
Which of the following statements is correct about group life conversion
privileges? - (answers)Death during the conversion period is covered if the
departing employee chose not to conver the policy.
In the event of an insured's death, which of the following provides an income
for the family during a designated period of time followed by a lump sum death
benefit? - (answers)Family income rider
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? -
(answers)children
