LOUISIANA LIFE INSURANCE SERIES
101 STUDY GUIDE 1-25 (MOST
FREQUENTLY ASKED QUESTIONS
FROM EXAM) QUESTIONS & ANS!!
1 of 25
Term
JOE HAS A $200,000 30 - YEAR MORTGAGE ON HIS NEW HOME.
WHICH TYPE OF INSURANCE COULD JOE PURCHASE THAT IS
DESIGNED TO PAY OFF THE MORTGAGE BALANCE IF INSURED
DIES DURING THE 30 - YEAR PAY - OFF PERIOD?
A.Increasing term insurance.
B.Decreasing term insurance.
C. Level term insurance.
D.Variable life insurance.
Give this one a try later!
, soliciting insurance in adjoining
tends to be an investment vehicle. states.
equals the face amount of the
Decreasing term insurance. policy.
Don't know?
2 of 25
Term
A PRIMARY ADVANTAGE OF A LIMITED PAYMENT POLICY OVER A
CONTINUOUS PREMIUM WHOLE LIFE POLICY IS THAT A LIMITED
PAYMENT POLICY
A. is a nonparticipating contract paying higher dividends than
a continuous pay policy.
B.guarantees renewability.
C. includes nontaxable dividends.
D.allows the policyowner to pay for the entire policy in a shorter
period of time.
Give this one a try later!
To prevent unintentional If the loan is not repaid, the net
policy lapse. death benefit will be reduced.
, pay up the policy early by using allows the policy owner to pay
policy dividends. for the entire policy in a
shorter period of time.
Don't know?
3 of 25
Term
AS A FORM OF LEVEL PREMIUM PERMANENT INSURANCE,
ORDINARY LIFE INSURANCE ACCUMULATES A RESERVE THAT
EVENTUALLY
A. equals the face amount of the policy.
B.results in a dividend payment to the policyowner.
C. ceases to earn interest or grow in a positive earnings direction.
D.requires mandatory cash value distributions
Give this one a try later!
tends to be an investment vehicle. Decreasing term insurance.
soliciting insurance in adjoining equals the face amount of
states. the policy.
Don't know?
4 of 25
Term
101 STUDY GUIDE 1-25 (MOST
FREQUENTLY ASKED QUESTIONS
FROM EXAM) QUESTIONS & ANS!!
1 of 25
Term
JOE HAS A $200,000 30 - YEAR MORTGAGE ON HIS NEW HOME.
WHICH TYPE OF INSURANCE COULD JOE PURCHASE THAT IS
DESIGNED TO PAY OFF THE MORTGAGE BALANCE IF INSURED
DIES DURING THE 30 - YEAR PAY - OFF PERIOD?
A.Increasing term insurance.
B.Decreasing term insurance.
C. Level term insurance.
D.Variable life insurance.
Give this one a try later!
, soliciting insurance in adjoining
tends to be an investment vehicle. states.
equals the face amount of the
Decreasing term insurance. policy.
Don't know?
2 of 25
Term
A PRIMARY ADVANTAGE OF A LIMITED PAYMENT POLICY OVER A
CONTINUOUS PREMIUM WHOLE LIFE POLICY IS THAT A LIMITED
PAYMENT POLICY
A. is a nonparticipating contract paying higher dividends than
a continuous pay policy.
B.guarantees renewability.
C. includes nontaxable dividends.
D.allows the policyowner to pay for the entire policy in a shorter
period of time.
Give this one a try later!
To prevent unintentional If the loan is not repaid, the net
policy lapse. death benefit will be reduced.
, pay up the policy early by using allows the policy owner to pay
policy dividends. for the entire policy in a
shorter period of time.
Don't know?
3 of 25
Term
AS A FORM OF LEVEL PREMIUM PERMANENT INSURANCE,
ORDINARY LIFE INSURANCE ACCUMULATES A RESERVE THAT
EVENTUALLY
A. equals the face amount of the policy.
B.results in a dividend payment to the policyowner.
C. ceases to earn interest or grow in a positive earnings direction.
D.requires mandatory cash value distributions
Give this one a try later!
tends to be an investment vehicle. Decreasing term insurance.
soliciting insurance in adjoining equals the face amount of
states. the policy.
Don't know?
4 of 25
Term
