PEARSON VUE LIFE + HEALTH INSURANCE PRACTICE EXAM QUESTIONS ACTUAL EXAM ALL QUESTIONS AND WELL ELABORATED ANSWERS TOP RATED VERSION FOR ALREADY A+ GRADED HIGHLY RECOMMENDED |NEW AND REVISED

PEARSON VUE LIFE + HEALTH
INSURANCE PRACTICE EXAM
QUESTIONS ACTUAL EXAM ALL
QUESTIONS AND WELL ELABORATED
ANSWERS TOP RATED VERSION FOR
ALREADY A+ GRADED HIGHLY
RECOMMENDED |NEW AND REVISED
PRwantsRtoRnameRherRhusbandRasRtheRbeneficiaryRofRherRlifeRpolicy.RHowever,RsheRwishesRtoRretainR
allRofRtheRrightsRofRownership.RPRshouldRhaveRherRhusbandRnamedRasRthe:

a:RirrevocableRbeneficiary

b:RrevocableRbeneficiary

c:RsecondaryRbeneficiaryR-RCORRECTRANSWERB



ARcontractRthatRhasRasRitsRbasicRfunctionRtheRsystematicRliquidationRofRaccumulatedRassetsRthroug
hRperiodicRpaymentsRisRcalledRan:

A.RindemnityRcontract

B.RinvestmentRcontract

C.Rendowment

D.RannuityR-RCORRECTRANSWERD



AnRinsuranceRproducerRtakesRanRapplicationRforRaRlifeRinsuranceRpolicyRbutRdoesRnotRcollectRtheRini
tialRpremium.ROnRdeliveryRofRtheRpolicyRtoRtheRproposedRinsured,RtheRproducerRmustRcollectRtheRi
nitialRpremiumRandRwhichRofRtheRfollowing?

A.RARcopyRofRtheRMIBRreport

B.RTheRinsured'sRsignedRstatementRofRcontinuedRgoodRhealth

C.RARcopyRofRtheRconditionalRreceipt

,D.RARcopyRofRtheRtemporaryRinsuranceRagreementRthatRcoveredRtheRperiodRbetweenRtheRapplicati
onRdateRandRtheRdeliveryRdate.R-RCORRECTRANSWERB



AnRemployerRcanRdeductRpremiumRpaymentsRasRanRordinaryRbusinessRexpenseRforRwhichRofRtheRf
ollowingRlifeRcoverages?

A.RBuyRandRSellRAgreements

B.RGroup

C.RKeyREmployee

D.RJointRLife,RifRtheRbusinessRisRnamedRasRtheRbeneficiaryR-RCORRECTRANSWERB



ARproducerRtakesRapplicationsRfromRidenticalRtwinsRwhoRwantRtoRbuyRtheRsameRtypeRofRpolicyRinRt
heRsameRamount.RTheRinsurerRissuesRtheRpoliciesRasRappliedRfor,RbutRchargesRaR25RpercentRhigherR
premiumRforRoneRofRtheRpolicies.RTheRdifferenceRinRpremiumsRisRprobablyRdueRtoRwhichRofRtheRfoll
owingRfactors?

A.RIncontestability

B.RInsurableRinterest

C.RConsideration

D.RRiskRclassificationR-RCORRECTRANSWERD



InRtheReventRofRanRinsured'sRdeath,RwhichRofRtheRfollowingRprovidesRanRincomeRforRtheRfamilyRduri
ngRaRdesignatedRperiodRofRtimeRfollowedRbyRaRlumpRsumRdeathRbenefit?

A.RFamilyRIncomeRrider

B.RSurvivorshipRLifeRpolicy

C.RJointRLifeRpolicy

D.RModifiedRLifeRpolicyR-RCORRECTRANSWERA



WhichRofRtheRfollowingRstatementsRisRCORRECTRaboutRGroupRLifeRconversionRprivileges?

, A.RUnderRtheRCOBRARlaw,RaRdepartingRemployeeRmayRelectRtoRremainRaRmemberRofRtheRGroupRLife
RplanRforRaRlimitedRperiodRofRtime.



B.RDeathRduringRtheRconversionRperiodRisRcoveredRevenRifRtheRdepartingRemployeeRchoseRnotRtoRc
onvertRtheRpolicy.

C.RARdepartingRemployeeRmustRindividuallyRpayRtheRpremiumRifRtheRemployeeRelectsRtoRbeRcovere
dRduringRtheRconversionRperiod.

DR.IfRaRdepartingRemployeeRelectsRtoRconvertRaRlifeRinsuranceRpolicy,RtheRinsurerRmustRofferRTermRi
nsuranceRasRoneRofRtheRchoices.R-RCORRECTRANSWERB



WhichRofRtheRfollowingRpoliciesRisRanRinterest-sensitiveRformRofRpermanentRprotection?

A.RUniversalRLife

B.RLimited-PayRLife

C.RGradedRPremiumRWholeRLife

D.RModifiedRWholeRLifeR-RCORRECTRANSWERA



ReinstatementRofRaRlifeRinsuranceRpolicyRrequiresRanRinsuredRtoRtakeRallRofRtheRfollowingRactionsRE
XCEPT:

A.RprovideRevidenceRofRinsurability

B.RmakeRcollateralRassignmentRtoRtheRinsurer

C.RpayRbackRinterestRonRanyRoutstandingRpolicyRloan

D.RpayRallRpast-dueRpremiumsR-RCORRECTRANSWERB



WhichRofRtheRfollowingRstatementsRaboutRaRRenewableRTermRpolicyRisRCORRECT?

A.RItRisRrenewableRatRtheRoptionRofRtheRinsurer.

B.RItRisRrenewableRatRtheRoptionRofRtheRinsured.

C.RItRisRrenewableRatRtheRoptionRofRtheRinsurer,RwithRproofRofRinsurability.

D.RItRisRrenewableRatRtheRoptionRofRtheRinsured,RwithRproofRofRinsurability.R-RCORRECTRANSWERB