PA LIFE INSURANCE LICENSE EXAM 2024 WITH 100% CORRECT ANSWERS

PA LIFE INSURANCE LICENSE EXAM 2024 WITH 100% CORRECT ANSWERS an immediate annuity has been purchased with a single premium. when does the annuitant typically begin receiving benefit payments? - correct answer 1 month An insurer will accept a premium from the insured and continue the coverage in full force as though it was NOT late during which time period? Incontestable period Probation period Reinstatement period Grace period - correct answer Grace period The grace period is the amount of time an insurer continues coverage in full force and will accept the premium from the insured as though it was NOT late. A little insurance producer licensed in the commonwealth of PA is authorized to - correct answer Solicit, Receive and forward applications to insurers Upon policy delivery, which of the following must a producer have an applicant sign if no initial premium was collected with the life insurance application? - correct answer A good health statement Which contract element is insurable interest a component of? - correct answer legal purpose All of these are common exclusions to a life insurance policy EXCEPT - correct answer accidental death