1|Page
Pearson Vue Life Insurance Practice Exam 2026 Actual
Comprehensive Real Verified Exam Questions And
Verified Answers (Correct Answers) Already Graded
A+ | Newest Exam!!!
An employer can deduct premium payments as an
ordinary business expense for which of the following life
coverages?
A.Buy and Sell Agreements
B.Group
C.Key Employee
D.Joint Life, if the business is named as the beneficiary -
Answer-B
A producer takes applications from identical twins who
want to buy the same type of policy in the same amount.
The insurer issues the policies as applied for, but charges
a 25 percent higher premium for one of the policies. The
difference in premiums is probably due to which of the
following factors?
A.Incontestability
,2|Page
B.Insurable interest
C.Consideration
D.Risk classification - Answer-D
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?
A.Family Income rider
B.Survivorship Life policy
C.Joint Life policy
D.Modified Life policy - Answer-A
Which of the following statements is CORRECT about
Group Life conversion privileges?
, 3|Page
A.Under the COBRA law, a departing employee may elect
to remain a member of the Group Life plan for a limited
period of time.
B.Death during the conversion period is covered even if
the departing employee chose not to convert the policy.
C.A departing employee must individually pay the
premium if the employee elects to be covered during the
conversion period.
D.If a departing employee elects to convert a life
insurance policy, the insurer must offer Term insurance as
one of the choices. - Answer-B
P wants to name her husband as the beneficiary of her life
policy. However, she wishes to retain all of the rights of
ownership. P should have her husband named as the:
A.irrevocable beneficiary
B.revocable beneficiary
Pearson Vue Life Insurance Practice Exam 2026 Actual
Comprehensive Real Verified Exam Questions And
Verified Answers (Correct Answers) Already Graded
A+ | Newest Exam!!!
An employer can deduct premium payments as an
ordinary business expense for which of the following life
coverages?
A.Buy and Sell Agreements
B.Group
C.Key Employee
D.Joint Life, if the business is named as the beneficiary -
Answer-B
A producer takes applications from identical twins who
want to buy the same type of policy in the same amount.
The insurer issues the policies as applied for, but charges
a 25 percent higher premium for one of the policies. The
difference in premiums is probably due to which of the
following factors?
A.Incontestability
,2|Page
B.Insurable interest
C.Consideration
D.Risk classification - Answer-D
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?
A.Family Income rider
B.Survivorship Life policy
C.Joint Life policy
D.Modified Life policy - Answer-A
Which of the following statements is CORRECT about
Group Life conversion privileges?
, 3|Page
A.Under the COBRA law, a departing employee may elect
to remain a member of the Group Life plan for a limited
period of time.
B.Death during the conversion period is covered even if
the departing employee chose not to convert the policy.
C.A departing employee must individually pay the
premium if the employee elects to be covered during the
conversion period.
D.If a departing employee elects to convert a life
insurance policy, the insurer must offer Term insurance as
one of the choices. - Answer-B
P wants to name her husband as the beneficiary of her life
policy. However, she wishes to retain all of the rights of
ownership. P should have her husband named as the:
A.irrevocable beneficiary
B.revocable beneficiary
