Life Insurance Producer/Agent Practice
Exam
1. Life insurance helps meet estate planning
a liquid asset at death
objec- tives because it is:
2. Which one of the following statements about a life In addition to
waiving premiums
insurance policy rider regarding waiver of during periods of disability, it
premi- ums and disability income is true? provides a monthly
income.
3. Which rider is included in a policy with
whole life insurance on the principal family rider
insured and term insur- ance on the
insured's spouse and children?
4. A rated life insurance policy is issued at: Substandard risk rate
5. The beneficiary of a life insurance policy originally on the life
insurance application
is indicated:
6. All of the following are reasons for purchasing life To guarantee that
newborn chil-
insurance on a spouse who does not work for pay dren will be eligible
for life insur-
outside the home EXCEPT: ance
7. Death benefits under a survivorship life insurance In full at the second
insured's
policy covering two insureds are paid: death
8. The authority to select a settlement option the owner
under an individual annuity contract
resides with:
The current interest rate is close
9. Current interest rates provide a reasonable
basis
for projecting cash values in a fixed annuity when: to historical
1/
5
, Life Insurance Producer/Agent Practice
Exam
standards
10. When an annuitant under a life-only annuity zero
dies, what is the amount of the property
interest in the contract that will be
includable in the annuitant's gross
estate?
2/
5
Exam
1. Life insurance helps meet estate planning
a liquid asset at death
objec- tives because it is:
2. Which one of the following statements about a life In addition to
waiving premiums
insurance policy rider regarding waiver of during periods of disability, it
premi- ums and disability income is true? provides a monthly
income.
3. Which rider is included in a policy with
whole life insurance on the principal family rider
insured and term insur- ance on the
insured's spouse and children?
4. A rated life insurance policy is issued at: Substandard risk rate
5. The beneficiary of a life insurance policy originally on the life
insurance application
is indicated:
6. All of the following are reasons for purchasing life To guarantee that
newborn chil-
insurance on a spouse who does not work for pay dren will be eligible
for life insur-
outside the home EXCEPT: ance
7. Death benefits under a survivorship life insurance In full at the second
insured's
policy covering two insureds are paid: death
8. The authority to select a settlement option the owner
under an individual annuity contract
resides with:
The current interest rate is close
9. Current interest rates provide a reasonable
basis
for projecting cash values in a fixed annuity when: to historical
1/
5
, Life Insurance Producer/Agent Practice
Exam
standards
10. When an annuitant under a life-only annuity zero
dies, what is the amount of the property
interest in the contract that will be
includable in the annuitant's gross
estate?
2/
5
