WISCONSIN LIFE INSURANCE STATE
QUIZ WITH VERIFIED ANSWERS [
GUARANTEED A+]
Question 1. An intermediary sold a life insurance policy but did NOT provide the
applicant with a basic illustration. In this situation, the insurer is REQUIRED to
provide the applicant with a policy summary no later than the - ✔✔Policy Delivery
Date
Question 2. Which of these situations would NOT potentially involve a prison
sentence under the Federal Law? - ✔✔Selling insurance with a nonresident
license
©morren2024/2025.Year published 2025.
, Question 3. Any agreement that unreasonably restrains the business of insurance
is a violation of which Unfair Practice? - ✔✔Boycott, coercion and intimidation
Question 4. The Double indemnity provision in a life insurance policy pertains to
an insured's death caused by a(n) - ✔✔Accident
Question 5. A policy owner can receive a percentage payment of the death
benefits prior to death by using what kind of contract? - ✔✔Viatical settlement
agreement
Question 6. How does life insurance create an immediate estate? - ✔✔After the
first premium is paid, the face amount may be available to the beneficiary
Question 7. A policyowner can receive an immediate payment before the insurer
dies by using a(n) - ✔✔Viatical settlement contract
©morren2024/2025.Year published 2025.
QUIZ WITH VERIFIED ANSWERS [
GUARANTEED A+]
Question 1. An intermediary sold a life insurance policy but did NOT provide the
applicant with a basic illustration. In this situation, the insurer is REQUIRED to
provide the applicant with a policy summary no later than the - ✔✔Policy Delivery
Date
Question 2. Which of these situations would NOT potentially involve a prison
sentence under the Federal Law? - ✔✔Selling insurance with a nonresident
license
©morren2024/2025.Year published 2025.
, Question 3. Any agreement that unreasonably restrains the business of insurance
is a violation of which Unfair Practice? - ✔✔Boycott, coercion and intimidation
Question 4. The Double indemnity provision in a life insurance policy pertains to
an insured's death caused by a(n) - ✔✔Accident
Question 5. A policy owner can receive a percentage payment of the death
benefits prior to death by using what kind of contract? - ✔✔Viatical settlement
agreement
Question 6. How does life insurance create an immediate estate? - ✔✔After the
first premium is paid, the face amount may be available to the beneficiary
Question 7. A policyowner can receive an immediate payment before the insurer
dies by using a(n) - ✔✔Viatical settlement contract
©morren2024/2025.Year published 2025.
