PA LIFE INSURANCE EXAM 2024/2025 WITH
100% ACCURATE SOLUTIONS
Single premium cash value policy can be described as.. - Precise Answer
✔✔a policy that is paid up only after one payment
All of the following are considered appropriate uses of life insurance.. -
Precise Answer ✔✔- attracting quality employees by offering a group
life plan
- protecting the business by covering key employees with life insurance
- funding an entity buy sell agreement
The do not call list offers exemption from all except - Precise Answer
✔✔life insurance
Ken is a producer who has consumer info reports under false pretenses
under the fair credit reporting act, what is the max penalty.. - Precise
Answer ✔✔$5000 & 1 year in jail
Which type of annuity guarantees a stated number of income payments
whether or not the annuitant is still alive to receive it - Precise Answer
✔✔life annuity certain
, In what part of the policy are the policy benefits found - Precise Answer
✔✔conditions
Commissioner is responsible for all of the following.. - Precise Answer
✔✔- issue cease & desist orders
- conduct hearings
- regulate premium rates
Maria would like an annuity that provides a guaranteed accumulation or
payout. The type of annuity she is seeking is called.. - Precise Answer
✔✔annuity certain
Which type of rider will waive the premium on a child's life insurance
policy if the parent paying the premium dies? - Precise Answer
✔✔guaranteed insurability
Pat owns a 20 pay life policy with a paid dividend option. Which of the
following statements is true? - Precise Answer ✔✔the policy may be
paid up early by using policy dividends
A renewable term life insurance policy can be renewed - Precise Answer
✔✔anytime the policy owners request
What would a be an expense factor in an insurance program - Precise
Answer ✔✔mortality costs
100% ACCURATE SOLUTIONS
Single premium cash value policy can be described as.. - Precise Answer
✔✔a policy that is paid up only after one payment
All of the following are considered appropriate uses of life insurance.. -
Precise Answer ✔✔- attracting quality employees by offering a group
life plan
- protecting the business by covering key employees with life insurance
- funding an entity buy sell agreement
The do not call list offers exemption from all except - Precise Answer
✔✔life insurance
Ken is a producer who has consumer info reports under false pretenses
under the fair credit reporting act, what is the max penalty.. - Precise
Answer ✔✔$5000 & 1 year in jail
Which type of annuity guarantees a stated number of income payments
whether or not the annuitant is still alive to receive it - Precise Answer
✔✔life annuity certain
, In what part of the policy are the policy benefits found - Precise Answer
✔✔conditions
Commissioner is responsible for all of the following.. - Precise Answer
✔✔- issue cease & desist orders
- conduct hearings
- regulate premium rates
Maria would like an annuity that provides a guaranteed accumulation or
payout. The type of annuity she is seeking is called.. - Precise Answer
✔✔annuity certain
Which type of rider will waive the premium on a child's life insurance
policy if the parent paying the premium dies? - Precise Answer
✔✔guaranteed insurability
Pat owns a 20 pay life policy with a paid dividend option. Which of the
following statements is true? - Precise Answer ✔✔the policy may be
paid up early by using policy dividends
A renewable term life insurance policy can be renewed - Precise Answer
✔✔anytime the policy owners request
What would a be an expense factor in an insurance program - Precise
Answer ✔✔mortality costs
