Pearson Vue Insurance Practice Exam
Question & Answers ( 100% Solution )
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 - CORRECT ANSWERS
✔✔Sex
In life insurance, insurance interest must exist at the time the -
CORRECT ANSWERS ✔✔Producer writes an application on a
proposed insured
Which of the following statements is NOT correct about
representations? - CORRECT 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? - CORRECT ANSWERS ✔✔The insured's
signed statement of continued good health
Which of the following retirement plans is tax-qualified? - CORRECT
ANSWERS ✔✔Defined contribution
Which of the following statements is correct about the paid-up
additions in a participating whole life policy? - CORRECT ANSWERS
✔✔They are purchased on an attained age basis
, Pearson Vue Insurance Practice Exam
Question & Answers ( 100% Solution )
The right to change a beneficiary designation is reserved for the: -
CORRECT ANSWERS ✔✔Policyowner
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? - CORRECT 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? - CORRECT ANSWERS
✔✔buy-sell agreement
The waiver of premium provision of a life policy allows the insurer to
take which of the following actions? - CORRECT 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? - CORRECT ANSWERS ✔✔The proposed
adult insured
Which of the following statements is correct about group life
conversion privileges? - CORRECT ANSWERS ✔✔Death during the
Question & Answers ( 100% Solution )
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 - CORRECT ANSWERS
✔✔Sex
In life insurance, insurance interest must exist at the time the -
CORRECT ANSWERS ✔✔Producer writes an application on a
proposed insured
Which of the following statements is NOT correct about
representations? - CORRECT 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? - CORRECT ANSWERS ✔✔The insured's
signed statement of continued good health
Which of the following retirement plans is tax-qualified? - CORRECT
ANSWERS ✔✔Defined contribution
Which of the following statements is correct about the paid-up
additions in a participating whole life policy? - CORRECT ANSWERS
✔✔They are purchased on an attained age basis
, Pearson Vue Insurance Practice Exam
Question & Answers ( 100% Solution )
The right to change a beneficiary designation is reserved for the: -
CORRECT ANSWERS ✔✔Policyowner
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? - CORRECT 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? - CORRECT ANSWERS
✔✔buy-sell agreement
The waiver of premium provision of a life policy allows the insurer to
take which of the following actions? - CORRECT 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? - CORRECT ANSWERS ✔✔The proposed
adult insured
Which of the following statements is correct about group life
conversion privileges? - CORRECT ANSWERS ✔✔Death during the
