MN LIFE AND HEALTH INSURANCE UPDATED EXAM QUESTIONS AND CORRECT ANSWERS WITH GUARANTEED PASS

MN LIFE AND HEALTH INSURANCE UPDATED EХАМ
QUESTIONS AND CORRECT ANSWERS WITH
GUARANTEED PASS




What is a primary difference between universal life insurance and variable
whole life insurance?

Universal coverage provides the beneficiary with a fixed death benefit

Variable whole life insurance policies provide little to no discretion with
choosing a death benefit

Variable whole life insurance policies provide no flexibility on the premium
payments

Universal life insurance policies provide flexibility with the death benefit
Universal coverage provides the beneficiary with a fixed death benefit

Which of the following helps insurance companies reduce their risk?
PMI

CPI

MIB

PLMA

All of the above


MIB (The Medical Information Bureau)

Steve seeks to have his life insured. As part of his application, a statement
from an examining physician is included. Does the examining physician
have to sign the life insurance policy application?

No. Only the signatures of the insured and agent are required

No. Only the signature of the applicant is required

Yes, but only if the insured and applicant are not the same person

Yes, the signature is required when an examining physician's statement is a

part of the application

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