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Maryland state exam life insurance license practice
Questions with Detailed Verified Answers
Declarations Ans: ✓ ✓ ✓ In what part of an insurance policy or policy benefits found?
Twisting Ans: ✓ ✓ ✓ The act of using misrepresentation to induce an insured person to terminate
an existing policy and purchase a new policy is referred to as
Shirley has $500,000 10-year-old son nonrenewable level term life policy. If she dies 15 years after
the policy inception date, how will her beneficiary receive? Ans: ✓ ✓ ✓ Nothing
Which of these factors would and ensure consider when determining whether to except a group life
plan Ans: ✓ ✓ ✓ Average age
Which type of life insurance is normally associated with a paler benefit rider Ans: ✓ ✓ ✓ Juvenile
insurance
Which of the following is not considered advertising? Ans: ✓ ✓ ✓ Oh rating from A rating service
company such as a.m. best
During the accumulation. Who can surrender an annuity Ans: ✓ ✓ ✓ Policy owner
Fixed period Settlement options are considered to be a form of a Ans: ✓ ✓ ✓ Annuity
Which of the following is not information found in a life insurance buyers guide Ans: ✓ ✓ ✓ How
to take legal action against a insurance company
All of the following characteristics of a group life insurance plan except Ans: ✓ ✓ ✓ Individual
underwriting
A securities license is required for a life insurance producer to sell Ans: ✓ ✓ ✓ Variable life
insurance
Which of the following is present when an applicant stands to lose value if the insured dies Ans: ✓
✓ ✓ Insurable interest
© Get it right 2025 Getaway - Stuvia US All rights reserved
Maryland state exam life insurance license practice
Questions with Detailed Verified Answers
Declarations Ans: ✓ ✓ ✓ In what part of an insurance policy or policy benefits found?
Twisting Ans: ✓ ✓ ✓ The act of using misrepresentation to induce an insured person to terminate
an existing policy and purchase a new policy is referred to as
Shirley has $500,000 10-year-old son nonrenewable level term life policy. If she dies 15 years after
the policy inception date, how will her beneficiary receive? Ans: ✓ ✓ ✓ Nothing
Which of these factors would and ensure consider when determining whether to except a group life
plan Ans: ✓ ✓ ✓ Average age
Which type of life insurance is normally associated with a paler benefit rider Ans: ✓ ✓ ✓ Juvenile
insurance
Which of the following is not considered advertising? Ans: ✓ ✓ ✓ Oh rating from A rating service
company such as a.m. best
During the accumulation. Who can surrender an annuity Ans: ✓ ✓ ✓ Policy owner
Fixed period Settlement options are considered to be a form of a Ans: ✓ ✓ ✓ Annuity
Which of the following is not information found in a life insurance buyers guide Ans: ✓ ✓ ✓ How
to take legal action against a insurance company
All of the following characteristics of a group life insurance plan except Ans: ✓ ✓ ✓ Individual
underwriting
A securities license is required for a life insurance producer to sell Ans: ✓ ✓ ✓ Variable life
insurance
Which of the following is present when an applicant stands to lose value if the insured dies Ans: ✓
✓ ✓ Insurable interest
© Get it right 2025 Getaway - Stuvia US All rights reserved
