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Wisconsin Life Insurance Exam
2025/2026 Exam Questions and Answers
100% Guaranteed Success | Already
Rated A+
Any person who violates an insurance statute or rule of Wisconsin can be fined up
to: - 🧠 ANSWER ✔✔$10,000
The Federal Fair Credit Reporting Act: - 🧠 ANSWER ✔✔Regulates consumer
reports
The Federal Fair Credit Reporting Act: A) Prevents money laundering B)
Regulates Consumer reports C) Protects customer privacy D) Regulates
telemarketing - 🧠 ANSWER ✔✔Regulates consumer reports
What form of the annuity settlement options provides payments to an annuitant for
the rest of the annuitant's life and ceases at the annuitant's death? - 🧠 ANSWER
✔✔Pure Life
During a life insurance policy replacement, the insurer is required to provide the
policyowner a free-lock period of at least: - 🧠 ANSWER ✔✔30 days
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COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
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When replacing a policy an insurer must maintain a file containing copies of
statements for: - 🧠 ANSWER ✔✔5 years
Which Universal Life option has a gradually increasing cash value and a level of
death benefit? - 🧠 ANSWER ✔✔Option A
The type of term insurance that provides increasing death benefits as the insured
ages is called: - 🧠 ANSWER ✔✔Increasing term
If a beneficiary wants a guarantee that benefits paid from principal and interest
would be paid for a period of 10 years before being exhausted, what settlement
option should the beneficiary select?
A) Interest Only
B) Fixed Period
C) Life with period certain
D) Fixed amount - 🧠 ANSWER ✔✔Fixed period
If a policy has an automatic premium loan provision, what happens if the insured
dies before the loan is paid back?
A) The policy beneficiary receives the FULL death benefit.
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COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,3
B) The balance of the loan will be TAKEN OUT of the death benefit - 🧠 ANSWER
✔✔The balance of the loan will be taken out of the death benefit
Are insurance company underwriters allowed to discriminate?
A) No, discrimination is an unfair practice
B) Yes, but no unfairly - 🧠 ANSWER ✔✔Yes, but not unfairly
Which of the following riders added to a life insurance policy can pay part of the
death benefit ___ home? - 🧠 ANSWER ✔✔long-term care
If a beneficiary wants a guarantee that benefits paid from principal and interest
would be paid for a period of 10 years before being exhausted, what settlement
option should the beneficiary select?
A) Fixed period
B) Life with period certain - 🧠 ANSWER ✔✔Fixed period
Which of the following settlement options in life insurance is known as straight
life?
A) Single life
B) Life with period certain
C) Fixed amount
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COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 4
D) Life income - 🧠 ANSWER ✔✔Life Income
Annuities differ from life insurance in all of the following ways EXCEPT
A) There is no stated amount of death benefit
B) They can be used in a qualified retirement plan
C) The annuitant must be living to collect
D) They are purchased with premiums - 🧠 ANSWER ✔✔They are purchased with
premiums
What is the main purpose of the Seven-pay Test?
A) It requires level premium payments
B) It ensures that the policy benefits
C) It guarantees the minimum
D) It determines if the insurance policy is a MEC - 🧠 ANSWER ✔✔It determines
if the insurance policy is a MEC
When a beneficiary receives payments consisting of both principal and interest
portions, which parts are taxable as income? - 🧠 ANSWER ✔✔Interest only
4
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
Wisconsin Life Insurance Exam
2025/2026 Exam Questions and Answers
100% Guaranteed Success | Already
Rated A+
Any person who violates an insurance statute or rule of Wisconsin can be fined up
to: - 🧠 ANSWER ✔✔$10,000
The Federal Fair Credit Reporting Act: - 🧠 ANSWER ✔✔Regulates consumer
reports
The Federal Fair Credit Reporting Act: A) Prevents money laundering B)
Regulates Consumer reports C) Protects customer privacy D) Regulates
telemarketing - 🧠 ANSWER ✔✔Regulates consumer reports
What form of the annuity settlement options provides payments to an annuitant for
the rest of the annuitant's life and ceases at the annuitant's death? - 🧠 ANSWER
✔✔Pure Life
During a life insurance policy replacement, the insurer is required to provide the
policyowner a free-lock period of at least: - 🧠 ANSWER ✔✔30 days
1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,2
When replacing a policy an insurer must maintain a file containing copies of
statements for: - 🧠 ANSWER ✔✔5 years
Which Universal Life option has a gradually increasing cash value and a level of
death benefit? - 🧠 ANSWER ✔✔Option A
The type of term insurance that provides increasing death benefits as the insured
ages is called: - 🧠 ANSWER ✔✔Increasing term
If a beneficiary wants a guarantee that benefits paid from principal and interest
would be paid for a period of 10 years before being exhausted, what settlement
option should the beneficiary select?
A) Interest Only
B) Fixed Period
C) Life with period certain
D) Fixed amount - 🧠 ANSWER ✔✔Fixed period
If a policy has an automatic premium loan provision, what happens if the insured
dies before the loan is paid back?
A) The policy beneficiary receives the FULL death benefit.
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,3
B) The balance of the loan will be TAKEN OUT of the death benefit - 🧠 ANSWER
✔✔The balance of the loan will be taken out of the death benefit
Are insurance company underwriters allowed to discriminate?
A) No, discrimination is an unfair practice
B) Yes, but no unfairly - 🧠 ANSWER ✔✔Yes, but not unfairly
Which of the following riders added to a life insurance policy can pay part of the
death benefit ___ home? - 🧠 ANSWER ✔✔long-term care
If a beneficiary wants a guarantee that benefits paid from principal and interest
would be paid for a period of 10 years before being exhausted, what settlement
option should the beneficiary select?
A) Fixed period
B) Life with period certain - 🧠 ANSWER ✔✔Fixed period
Which of the following settlement options in life insurance is known as straight
life?
A) Single life
B) Life with period certain
C) Fixed amount
3
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 4
D) Life income - 🧠 ANSWER ✔✔Life Income
Annuities differ from life insurance in all of the following ways EXCEPT
A) There is no stated amount of death benefit
B) They can be used in a qualified retirement plan
C) The annuitant must be living to collect
D) They are purchased with premiums - 🧠 ANSWER ✔✔They are purchased with
premiums
What is the main purpose of the Seven-pay Test?
A) It requires level premium payments
B) It ensures that the policy benefits
C) It guarantees the minimum
D) It determines if the insurance policy is a MEC - 🧠 ANSWER ✔✔It determines
if the insurance policy is a MEC
When a beneficiary receives payments consisting of both principal and interest
portions, which parts are taxable as income? - 🧠 ANSWER ✔✔Interest only
4
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
