EXAM SIMULATOR LOUISIANA LIFE INSURANCE STATE EXAM
SIMULATOR | 140MOSTLY TESTED COMPLETE QUESTIONS AND
ANSWERS 2025| GRADED A+
What effect can a long-term care benefit rider have on a life insurance policy?
-Increased cash value
-Decreased cash value
-Increased death benefit
-Reduced death benefit - (answer)Reduced death benefit
Mike has inherited his father's traditional IRA. As beneficiary, he will pay______ taxes on any
money withdrawn.
-estate
-probate
-no
-income - (answer)income
A life insurance policy that is subject to a contract interest rate is referred to as
-adjustable life
-group life 你是想要一篇“眼睛容易
阅读的”中文文章
-term life
-universal life - (answer)universal life
An example of a tax-qualified retirement plan would be a(n)
-equity compensation plan
-defined contribution plan
-executive index plan
-1035 exchange plan - (answer)defined contribution plan
, All of the following are examples of a Business Continuation Plan EXCEPT
-Key person insurance
-Cross-purchase agreement
-Stock Redemption Plan
-Deferred Compensation - (answer)Deferred Compensation
The absolute assignment of a life insurance policy results in
-all incidents of ownership transferred to the assignee
-the assignee receives partial incidents of ownership
-the transfer of ownership is revocable at the discretion of the original policyowner
-evidence of insurability must be proven before ownership is transferred - (answer)all incidents
of ownership transferred to the assignee
What is payable to the policyowner if a whole life policy is surrendered prior to its maturity
date?
-the loan value
-the cash value
-the face amount minus any past due premiums and outstanding loans
-nothing - (answer)the cash value
你是想要一篇“眼睛容易
阅读的”中文文章
All of the following are elements of an insurance policy EXCEPT
-definitions
-other insurance
-claim forms
-conditions - (answer)claim forms
People with higher loss exposure have the tendency to purchase insurance more often than those
at average risk. This is called
SIMULATOR | 140MOSTLY TESTED COMPLETE QUESTIONS AND
ANSWERS 2025| GRADED A+
What effect can a long-term care benefit rider have on a life insurance policy?
-Increased cash value
-Decreased cash value
-Increased death benefit
-Reduced death benefit - (answer)Reduced death benefit
Mike has inherited his father's traditional IRA. As beneficiary, he will pay______ taxes on any
money withdrawn.
-estate
-probate
-no
-income - (answer)income
A life insurance policy that is subject to a contract interest rate is referred to as
-adjustable life
-group life 你是想要一篇“眼睛容易
阅读的”中文文章
-term life
-universal life - (answer)universal life
An example of a tax-qualified retirement plan would be a(n)
-equity compensation plan
-defined contribution plan
-executive index plan
-1035 exchange plan - (answer)defined contribution plan
, All of the following are examples of a Business Continuation Plan EXCEPT
-Key person insurance
-Cross-purchase agreement
-Stock Redemption Plan
-Deferred Compensation - (answer)Deferred Compensation
The absolute assignment of a life insurance policy results in
-all incidents of ownership transferred to the assignee
-the assignee receives partial incidents of ownership
-the transfer of ownership is revocable at the discretion of the original policyowner
-evidence of insurability must be proven before ownership is transferred - (answer)all incidents
of ownership transferred to the assignee
What is payable to the policyowner if a whole life policy is surrendered prior to its maturity
date?
-the loan value
-the cash value
-the face amount minus any past due premiums and outstanding loans
-nothing - (answer)the cash value
你是想要一篇“眼睛容易
阅读的”中文文章
All of the following are elements of an insurance policy EXCEPT
-definitions
-other insurance
-claim forms
-conditions - (answer)claim forms
People with higher loss exposure have the tendency to purchase insurance more often than those
at average risk. This is called
