100 practice exam questions LIFE INSU
f/ f/ f/ f/ f/
RANCE
B,f/anf/insurancef/agent,f/tellsf/hisf/clientsf/thatf/theirf/rightsf/mayf/bef/impairedf/iff/theyf/failf/tof/c
ompletef/af/releasef/formf/withinf/af/givenf/periodf/off/time.f/Bf/mayf/bef/foundf/guiltyf/off/-
correctf/answer✔ ✔ coercion
f/
Thef/Considerationf/clausef/off/anf/insurancef/contractf/includesf/-f/correctf/answer✔ ✔
Amountf/off/premiumf/paymentsf/andf/whenf/theyf/aref/due
Underf/af/Gradedf/Premiumf/Wholef/Lifef/policy,f/-f/correctf/answer✔ ✔
thef/premiumf/increasesf/eachf/yearf/duringf/thef/earlyf/yearsf/off/thef/contractf/andf/remainsf/
thef/samef/afterf/thatf/time
Jf/choosesf/af/monthlyf/premiumf/paymentf/modef/onf/hisf/Wholef/Lifef/insurancef/policy.f/Whic
hf/off/thesef/statementsf/isf/correct?f/-f/correctf/answer✔ ✔
Thef/grossf/premiumf/isf/higherf/onf/af/monthlyf/paymentf/modef/asf/comparedf/tof/beingf/pai
df/annually
Thef/Considerationf/clausef/off/anf/insurancef/contactf/includes:f/-f/correctf/answer✔ ✔
thef/schedulef/andf/amountf/off/premiumf/payments
Anf/employerf/thatf/offersf/af/qualifiedf/retirementf/planf/tof/itsf/employeesf/isf/eligiblef/tof/-
correctf/answer✔ ✔ makef/tax-deductiblef/contributionsf/tof/thef/plan
f/
Inf/af/lifef/insurancef/policy,f/whichf/provisionf/statesf/whof/mayf/selectf/policyf/options,f/design
ate,f/andf/namef/af/beneficiary,f/andf/bef/thef/recipientf/off/anyf/financialf/benefitsf/fromf/thef/poli
cy?f/-f/correctf/answer✔ ✔ Owner'sf/Rights
, Af/Domesticf/Insurancef/Companyf/inf/Texasf/isf/consideredf/af/companyf/thatf/-
f/ correctf/answer✔ ✔ isf/incorporatedf/andf/formedf/inf/Texas
Anf/applicant'sf/medicalf/informationf/receivedf/fromf/thef/Medicalf/informationf/Bureauf/(MIB)f
mayf/bef/furnishedf/tof/the:f/-f/correctf/answer✔ ✔ Applicant'sf/physician
/
Af/15-yearf/mortgagef/isf/bestf/protectedf/byf/whatf/kindf/off/lifef/policy?f/-f/correctf/answer✔
✔ 15-yearf/decreasingf/term
Lf/takesf/outf/af/lifef/insurancef/policyf/andf/diesf/10f/yearsf/later.f/Duringf/thef/claimf/process,f/th
ef/insurerf/discoversf/thatf/Lf/hadf/understatedf/herf/agef/onf/thef/application.f/Underf/thef/Misst
atementf/off/Agef/provision,f/thef/insurerf/willf/-f/correctf/answer✔ ✔
adjustf/thef/deathf/benefitf/tof/af/reducedf/amount
Whyf/wouldf/thef/Insurancef/Commissionerf/examinef/thef/recordsf/off/anf/insurancef/compan
y?f/-f/correctf/answer✔ ✔ determinef/thef/solvencyf/off/thef/company
Whatf/actionf/shouldf/af/producerf/takef/iff/thef/initialf/premiumf/isf/NOTf/submittedf/withf/thef/ap
plication?f/-f/correctf/answer✔ ✔
Forwardf/thef/applicationf/tof/thef/insurerf/withoutf/thef/initialf/premium
Thef/Automaticf/Premiumf/Loanf/provisionf/isf/designedf/to:f/-f/correctf/answer✔ ✔
avoidf/af/policyf/lapse
Howf/aref/surrenderf/chargesf/deductedf/inf/af/lifef/policyf/withf/af/rear-
endf/loadedf/provision?f/-f/correctf/answer✔ ✔
Deductedf/whenf/thef/policyf/isf/discontinued
f/ f/ f/ f/ f/
RANCE
B,f/anf/insurancef/agent,f/tellsf/hisf/clientsf/thatf/theirf/rightsf/mayf/bef/impairedf/iff/theyf/failf/tof/c
ompletef/af/releasef/formf/withinf/af/givenf/periodf/off/time.f/Bf/mayf/bef/foundf/guiltyf/off/-
correctf/answer✔ ✔ coercion
f/
Thef/Considerationf/clausef/off/anf/insurancef/contractf/includesf/-f/correctf/answer✔ ✔
Amountf/off/premiumf/paymentsf/andf/whenf/theyf/aref/due
Underf/af/Gradedf/Premiumf/Wholef/Lifef/policy,f/-f/correctf/answer✔ ✔
thef/premiumf/increasesf/eachf/yearf/duringf/thef/earlyf/yearsf/off/thef/contractf/andf/remainsf/
thef/samef/afterf/thatf/time
Jf/choosesf/af/monthlyf/premiumf/paymentf/modef/onf/hisf/Wholef/Lifef/insurancef/policy.f/Whic
hf/off/thesef/statementsf/isf/correct?f/-f/correctf/answer✔ ✔
Thef/grossf/premiumf/isf/higherf/onf/af/monthlyf/paymentf/modef/asf/comparedf/tof/beingf/pai
df/annually
Thef/Considerationf/clausef/off/anf/insurancef/contactf/includes:f/-f/correctf/answer✔ ✔
thef/schedulef/andf/amountf/off/premiumf/payments
Anf/employerf/thatf/offersf/af/qualifiedf/retirementf/planf/tof/itsf/employeesf/isf/eligiblef/tof/-
correctf/answer✔ ✔ makef/tax-deductiblef/contributionsf/tof/thef/plan
f/
Inf/af/lifef/insurancef/policy,f/whichf/provisionf/statesf/whof/mayf/selectf/policyf/options,f/design
ate,f/andf/namef/af/beneficiary,f/andf/bef/thef/recipientf/off/anyf/financialf/benefitsf/fromf/thef/poli
cy?f/-f/correctf/answer✔ ✔ Owner'sf/Rights
, Af/Domesticf/Insurancef/Companyf/inf/Texasf/isf/consideredf/af/companyf/thatf/-
f/ correctf/answer✔ ✔ isf/incorporatedf/andf/formedf/inf/Texas
Anf/applicant'sf/medicalf/informationf/receivedf/fromf/thef/Medicalf/informationf/Bureauf/(MIB)f
mayf/bef/furnishedf/tof/the:f/-f/correctf/answer✔ ✔ Applicant'sf/physician
/
Af/15-yearf/mortgagef/isf/bestf/protectedf/byf/whatf/kindf/off/lifef/policy?f/-f/correctf/answer✔
✔ 15-yearf/decreasingf/term
Lf/takesf/outf/af/lifef/insurancef/policyf/andf/diesf/10f/yearsf/later.f/Duringf/thef/claimf/process,f/th
ef/insurerf/discoversf/thatf/Lf/hadf/understatedf/herf/agef/onf/thef/application.f/Underf/thef/Misst
atementf/off/Agef/provision,f/thef/insurerf/willf/-f/correctf/answer✔ ✔
adjustf/thef/deathf/benefitf/tof/af/reducedf/amount
Whyf/wouldf/thef/Insurancef/Commissionerf/examinef/thef/recordsf/off/anf/insurancef/compan
y?f/-f/correctf/answer✔ ✔ determinef/thef/solvencyf/off/thef/company
Whatf/actionf/shouldf/af/producerf/takef/iff/thef/initialf/premiumf/isf/NOTf/submittedf/withf/thef/ap
plication?f/-f/correctf/answer✔ ✔
Forwardf/thef/applicationf/tof/thef/insurerf/withoutf/thef/initialf/premium
Thef/Automaticf/Premiumf/Loanf/provisionf/isf/designedf/to:f/-f/correctf/answer✔ ✔
avoidf/af/policyf/lapse
Howf/aref/surrenderf/chargesf/deductedf/inf/af/lifef/policyf/withf/af/rear-
endf/loadedf/provision?f/-f/correctf/answer✔ ✔
Deductedf/whenf/thef/policyf/isf/discontinued
