PEARSON VUE STANDARD EXAMS ANSWERS AND
QUESTIONS SET A+
✔✔submit a completed medical information report - ✔✔when a producer submits an
insurance application to the company, the producer must take all of the following actions
EXCEPT:
✔✔When the policy is delivered - ✔✔At which of the following times MUST a life
insurance applicant be informed of their rights under the Fair Credit Reporting Act?
✔✔Grace Period Provision - ✔✔Which of the following features allows an insurance
policy to remain in force for a specific number of days beyond the premium due date?
✔✔Pay the death benefit - ✔✔If an insured commits suicide after the suicide clause in
the insured life insurance policy has expired, the insurer will take which of the following
actions?
✔✔Death during the conversion period is covered even if the departing employee chose
not to convert the policy - ✔✔Which of the following statements is correct about Group
Life conversion privileges?
✔✔Contributory - ✔✔Which of the following group life plans requires at least 75% of the
eligible members to participate?
✔✔nontaxable - ✔✔Federal income tax laws generally treat proceeds of life insurance
policies as:
✔✔A Flexible Premium Variable Annuity - ✔✔Which of the following annuities BEST
suits the need of a 35-year-old factory worker concerned about inflation who wants to
establish a retirement plan?
✔✔Assignment - ✔✔Which of the following terms refers to the transfer of some or all of
the ownership rights of a life insurance policy from one individual to another?
, ✔✔make collateral assignment to the insurer - ✔✔Reinstatement of a life insurance
policy requires an insured to take all of the following actions EXCEPT:
✔✔The insured requests renewal at the end of the policy term - ✔✔A Renewable Term
policy may be renewed only if which of the following is correct?
✔✔Risk Classification - ✔✔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% higher premium for one of the policies. The difference in
premiums is probably due to which of the following factors?
✔✔Charge an extra premium - ✔✔If life insurance policy applicant is classified as a
substandard risk, the insurance company will MOST likely:
✔✔Pay a reduced death benefit based on the insured's actual age - ✔✔An insured
intentionally under states their age on the application for a life policy. At death, the
insurer will take which of the following actions?
✔✔gender - ✔✔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 individuals:
✔✔Term Life - ✔✔A client needs a substantial amount of protection, but has limited
financial resources. Which of the following insurance policies would BEST meet the
clients needs?
✔✔Interest-Sensitive Whole Life - ✔✔A prospect is critical of the low interest
assumption used in the Whole Life product proposed for purchase. Which of the
following products could be used to resolve the prospects concerns?
✔✔The Insurance Commissioner - ✔✔Which of the following persons is authorized to
enforce state insurance laws?
✔✔A producer returns a portion of the commission to an insured - ✔✔Which of the
following situations is considered rebating?
✔✔tells an insured the deductible on a policy is less than it actually is - ✔✔A producer
may be guilty of misrepresentation if the producer:
✔✔neighbors - ✔✔Controlled business is defined as insurance a producer writes on all
of the following individuals EXCEPT the producers:
QUESTIONS SET A+
✔✔submit a completed medical information report - ✔✔when a producer submits an
insurance application to the company, the producer must take all of the following actions
EXCEPT:
✔✔When the policy is delivered - ✔✔At which of the following times MUST a life
insurance applicant be informed of their rights under the Fair Credit Reporting Act?
✔✔Grace Period Provision - ✔✔Which of the following features allows an insurance
policy to remain in force for a specific number of days beyond the premium due date?
✔✔Pay the death benefit - ✔✔If an insured commits suicide after the suicide clause in
the insured life insurance policy has expired, the insurer will take which of the following
actions?
✔✔Death during the conversion period is covered even if the departing employee chose
not to convert the policy - ✔✔Which of the following statements is correct about Group
Life conversion privileges?
✔✔Contributory - ✔✔Which of the following group life plans requires at least 75% of the
eligible members to participate?
✔✔nontaxable - ✔✔Federal income tax laws generally treat proceeds of life insurance
policies as:
✔✔A Flexible Premium Variable Annuity - ✔✔Which of the following annuities BEST
suits the need of a 35-year-old factory worker concerned about inflation who wants to
establish a retirement plan?
✔✔Assignment - ✔✔Which of the following terms refers to the transfer of some or all of
the ownership rights of a life insurance policy from one individual to another?
, ✔✔make collateral assignment to the insurer - ✔✔Reinstatement of a life insurance
policy requires an insured to take all of the following actions EXCEPT:
✔✔The insured requests renewal at the end of the policy term - ✔✔A Renewable Term
policy may be renewed only if which of the following is correct?
✔✔Risk Classification - ✔✔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% higher premium for one of the policies. The difference in
premiums is probably due to which of the following factors?
✔✔Charge an extra premium - ✔✔If life insurance policy applicant is classified as a
substandard risk, the insurance company will MOST likely:
✔✔Pay a reduced death benefit based on the insured's actual age - ✔✔An insured
intentionally under states their age on the application for a life policy. At death, the
insurer will take which of the following actions?
✔✔gender - ✔✔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 individuals:
✔✔Term Life - ✔✔A client needs a substantial amount of protection, but has limited
financial resources. Which of the following insurance policies would BEST meet the
clients needs?
✔✔Interest-Sensitive Whole Life - ✔✔A prospect is critical of the low interest
assumption used in the Whole Life product proposed for purchase. Which of the
following products could be used to resolve the prospects concerns?
✔✔The Insurance Commissioner - ✔✔Which of the following persons is authorized to
enforce state insurance laws?
✔✔A producer returns a portion of the commission to an insured - ✔✔Which of the
following situations is considered rebating?
✔✔tells an insured the deductible on a policy is less than it actually is - ✔✔A producer
may be guilty of misrepresentation if the producer:
✔✔neighbors - ✔✔Controlled business is defined as insurance a producer writes on all
of the following individuals EXCEPT the producers:
