PEARSON VUE LIFE INSURANCE EXAM SCRIPT
2026 FULL QUESTIONS WITH ACCURATE
ANSWERS
◉ In life insurance, insurance interest must exist at the time the.
Answer: Producer writes an application on a proposed insured
◉ Which of the following statements is NOT correct about
representations?. Answer: They are true in every respect
◉ An insurance producer takes an application for a life insurance
policy but does not collect the initial premium. On delivery of the
policy to the proposed insured, the producer must collect the initial
premium and which of the following?. Answer: The insured's signed
statement of continued good health
◉ Which of the following retirement plans is tax-qualified?. Answer:
Defined contribution
◉ Which of the following statements is correct about the paid-up
additions in a participating whole life policy?. Answer: They are
purchased on an attained age basis
, ◉ The right to change a beneficiary designation is reserved for the:.
Answer: Policyowner
◉ Which of the following provisions in a life policy specifies the
manner in which proceeds will be paid to a beneficiary on the death
of the insured?. Answer: Settlement options
◉ Two business partners own life insurance on each other. If one
partner dies, which of the following contracts will allow the other
partner to buy 100 percent of the business interest?. Answer: buy-
sell agreement
◉ The waiver of premium provision of a life policy allows the
insurer to take which of the following actions?. Answer: waive an
insured's premiums if the insured becomes totally disabled before a
certian age
◉ A life insurance application is incomplete if it is missing the
signature of which of the following?. Answer: The proposed adult
insured
◉ Which of the following statements is correct about group life
conversion privileges?. Answer: Death during the conversion period
is covered if the departing employee chose not to conver the policy.
2026 FULL QUESTIONS WITH ACCURATE
ANSWERS
◉ In life insurance, insurance interest must exist at the time the.
Answer: Producer writes an application on a proposed insured
◉ Which of the following statements is NOT correct about
representations?. Answer: They are true in every respect
◉ An insurance producer takes an application for a life insurance
policy but does not collect the initial premium. On delivery of the
policy to the proposed insured, the producer must collect the initial
premium and which of the following?. Answer: The insured's signed
statement of continued good health
◉ Which of the following retirement plans is tax-qualified?. Answer:
Defined contribution
◉ Which of the following statements is correct about the paid-up
additions in a participating whole life policy?. Answer: They are
purchased on an attained age basis
, ◉ The right to change a beneficiary designation is reserved for the:.
Answer: Policyowner
◉ Which of the following provisions in a life policy specifies the
manner in which proceeds will be paid to a beneficiary on the death
of the insured?. Answer: Settlement options
◉ Two business partners own life insurance on each other. If one
partner dies, which of the following contracts will allow the other
partner to buy 100 percent of the business interest?. Answer: buy-
sell agreement
◉ The waiver of premium provision of a life policy allows the
insurer to take which of the following actions?. Answer: waive an
insured's premiums if the insured becomes totally disabled before a
certian age
◉ A life insurance application is incomplete if it is missing the
signature of which of the following?. Answer: The proposed adult
insured
◉ Which of the following statements is correct about group life
conversion privileges?. Answer: Death during the conversion period
is covered if the departing employee chose not to conver the policy.
