CHAPTER 4 LIFE INSURANCE LATEST EXAM
2025 WITH MULTIPLE CHOICE OF QUESTIONS
AND DETAILED SOLUTIONS ALREADY
GRADED A+AND 100% GUARANTEE PASS
(JUST RELEASED!!!!!)
A nonforfeiture option can be used to increase the death benefit
(Increasing the death benefit by using one of the nonforfeiture
options is not an option in an Adjustable Life Policy.) - CORRECT
ANSWER-4. All of these are valid options for an Adjustable Life
Policy EXCEPT
Adjustable Life
(Adjustable Life allows the policyowner to change two policy
features: premium and face amount.) - CORRECT ANSWER-5. A
policyowner may change two policy features on what type of life
insurance?
stated payment insurance
(Limited payment insurance is characterized by premiums that
are fully paid up within a stated period, after which no further
premiums are required.) - CORRECT ANSWER-6. A life insurance
policy that has premiums fully paid up within a stated time
period is called
Last Survivor Life insurance
(". Coverage of two or more individuals with the death benefit
payable upon the last person's death is a feature of last survivor
, insurance.) - CORRECT ANSWER-7. What kind of life insurance policy
covers two or more people with the death benefit payable upon
the last person's death?
variable life insurance
(A life insurance producer needs to possess a securities license
to sell variable annuities.) - CORRECT ANSWER-8. A securities license
is required for a life insurance producer to sell variable life
insurance
Family term insurance rider
(A Family Term Insurance rider provides a death benefit if the
spouse of the insured dies.) - CORRECT ANSWER-9. Which of these
riders will pay a death benefit if the insured's spouse dies?
Variable Whole Life
(A Variable Whole Life policy has cash values that vary
according to the investment performance of common stocks.) -
CORRECT ANSWER-10. A life insurance policy which contains cash
values that vary according to its investment performance of
stocks is called
$500,000
(". In this situation, the death benefit would be the $500,000
face amount.) - CORRECT ANSWER-11. Rob purchased a standard
whole life policy with a $500,000 death benefit when he was
age 30. His insurance agent told him the policy would be paid
up if he reached age 100. The present cash value of the policy
equals $250,000. Rob recently died at age 60. The death
benefit would be
2025 WITH MULTIPLE CHOICE OF QUESTIONS
AND DETAILED SOLUTIONS ALREADY
GRADED A+AND 100% GUARANTEE PASS
(JUST RELEASED!!!!!)
A nonforfeiture option can be used to increase the death benefit
(Increasing the death benefit by using one of the nonforfeiture
options is not an option in an Adjustable Life Policy.) - CORRECT
ANSWER-4. All of these are valid options for an Adjustable Life
Policy EXCEPT
Adjustable Life
(Adjustable Life allows the policyowner to change two policy
features: premium and face amount.) - CORRECT ANSWER-5. A
policyowner may change two policy features on what type of life
insurance?
stated payment insurance
(Limited payment insurance is characterized by premiums that
are fully paid up within a stated period, after which no further
premiums are required.) - CORRECT ANSWER-6. A life insurance
policy that has premiums fully paid up within a stated time
period is called
Last Survivor Life insurance
(". Coverage of two or more individuals with the death benefit
payable upon the last person's death is a feature of last survivor
, insurance.) - CORRECT ANSWER-7. What kind of life insurance policy
covers two or more people with the death benefit payable upon
the last person's death?
variable life insurance
(A life insurance producer needs to possess a securities license
to sell variable annuities.) - CORRECT ANSWER-8. A securities license
is required for a life insurance producer to sell variable life
insurance
Family term insurance rider
(A Family Term Insurance rider provides a death benefit if the
spouse of the insured dies.) - CORRECT ANSWER-9. Which of these
riders will pay a death benefit if the insured's spouse dies?
Variable Whole Life
(A Variable Whole Life policy has cash values that vary
according to the investment performance of common stocks.) -
CORRECT ANSWER-10. A life insurance policy which contains cash
values that vary according to its investment performance of
stocks is called
$500,000
(". In this situation, the death benefit would be the $500,000
face amount.) - CORRECT ANSWER-11. Rob purchased a standard
whole life policy with a $500,000 death benefit when he was
age 30. His insurance agent told him the policy would be paid
up if he reached age 100. The present cash value of the policy
equals $250,000. Rob recently died at age 60. The death
benefit would be
