Insurance Exam Practice Exam
Questions and Answers ( Latest
Update)
Pure or straight life - CORRECT ANSWERS ✔✔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 - CORRECT ANSWERS ✔✔All of the following are
dividend options on a participating life insurance policy:
Insured - CORRECT ANSWERS ✔✔The person upon
whose life an annuity is based is known as the:
Reduced paid-up - CORRECT ANSWERS ✔✔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 - CORRECT ANSWERS ✔✔Which of the
following life insurance settlement options enables the
beneficiary to conserve the proceeds of a life insurance
policy?
, Insurance Exam Practice Exam
Questions and Answers ( Latest
Update)
The account value - CORRECT ANSWERS ✔✔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 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. -
CORRECT ANSWERS ✔✔All of the following are true
regarding annuities
Group (Life Insruance) - CORRECT ANSWERS
✔✔Which of the following would not be considered to be
ordinary life insurance?
They are not guaranteed
Questions and Answers ( Latest
Update)
Pure or straight life - CORRECT ANSWERS ✔✔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 - CORRECT ANSWERS ✔✔All of the following are
dividend options on a participating life insurance policy:
Insured - CORRECT ANSWERS ✔✔The person upon
whose life an annuity is based is known as the:
Reduced paid-up - CORRECT ANSWERS ✔✔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 - CORRECT ANSWERS ✔✔Which of the
following life insurance settlement options enables the
beneficiary to conserve the proceeds of a life insurance
policy?
, Insurance Exam Practice Exam
Questions and Answers ( Latest
Update)
The account value - CORRECT ANSWERS ✔✔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 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. -
CORRECT ANSWERS ✔✔All of the following are true
regarding annuities
Group (Life Insruance) - CORRECT ANSWERS
✔✔Which of the following would not be considered to be
ordinary life insurance?
They are not guaranteed
