SC LIFE INSURANCE EXAM STUDY SET
EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY
GRADED A+ 2025 – 2026
All of these are considered sources of information that can
assist an underwriter in determining whether or not to
except a risk except
Agents report
medical information bureau
inspection reports
national Association of Insurance underwriters - ANSWERS-
National Association of insurance underwriters
One role of the Director is to
,Set sales quotas
enforce state insurance laws
arbitrate claims
establish new insurance laws - ANSWERS-Enforce state
insurance laws
What kind of life insurance policy issued by mutual ensure
provides a return of the visible surplus?
Non-participating life insurance policy
participating life insurance policy
divisible surplus life insurance policy
straight life insurance policy - ANSWERS-Participating life
insurance policy
Dana is an employee who deposits a percentage of her
income into her individual annuity. Her company also
contributes a percentage into a separate company pension
plan. What kind of annuity is this considered?
Qualified retirement annuity
key employee retirement
,annuity executive compensation plan
keogh annuity plan - ANSWERS-Qualified retirement
annuity
Kurt is an active duty serviceman who was recently killed in
an accident while home on leave. Which
military service exclusion clause would pay upon his death?
Active
Status
Results
Leave - ANSWERS-Results
An attending physician's statement would be appropriate
for which life insurance purpose?
• Attending physician's statements are mandatory during
the application process
At the request of the applicant to assist in the underwriting
decision
At the request of the producer to assist in the underwriting
decision
, At the request of the insurer to assist in the underwriting
decision - ANSWERS-At the request of the insurer to assist in
the underwriting decision
Why are dividends from a mutual insurer not subject to
taxation?
Because dividends are payable directly to the policyholder
Because dividends are already subject to capital gains
Because dividends are considered to be a return of premium
Because insurance premiums are tax-deductible - ANSWERS-
Because dividends are considered to be a return of premium
Kristi purchases an annuity that will pay her husband an
income for 15 years. If he dies, this income will
become payable to their children for the remainder of the
period. Kristi has what kind of annuity?
•Joint life with period certain
Life annuity with survivorship
Survivorship annuity
EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY
GRADED A+ 2025 – 2026
All of these are considered sources of information that can
assist an underwriter in determining whether or not to
except a risk except
Agents report
medical information bureau
inspection reports
national Association of Insurance underwriters - ANSWERS-
National Association of insurance underwriters
One role of the Director is to
,Set sales quotas
enforce state insurance laws
arbitrate claims
establish new insurance laws - ANSWERS-Enforce state
insurance laws
What kind of life insurance policy issued by mutual ensure
provides a return of the visible surplus?
Non-participating life insurance policy
participating life insurance policy
divisible surplus life insurance policy
straight life insurance policy - ANSWERS-Participating life
insurance policy
Dana is an employee who deposits a percentage of her
income into her individual annuity. Her company also
contributes a percentage into a separate company pension
plan. What kind of annuity is this considered?
Qualified retirement annuity
key employee retirement
,annuity executive compensation plan
keogh annuity plan - ANSWERS-Qualified retirement
annuity
Kurt is an active duty serviceman who was recently killed in
an accident while home on leave. Which
military service exclusion clause would pay upon his death?
Active
Status
Results
Leave - ANSWERS-Results
An attending physician's statement would be appropriate
for which life insurance purpose?
• Attending physician's statements are mandatory during
the application process
At the request of the applicant to assist in the underwriting
decision
At the request of the producer to assist in the underwriting
decision
, At the request of the insurer to assist in the underwriting
decision - ANSWERS-At the request of the insurer to assist in
the underwriting decision
Why are dividends from a mutual insurer not subject to
taxation?
Because dividends are payable directly to the policyholder
Because dividends are already subject to capital gains
Because dividends are considered to be a return of premium
Because insurance premiums are tax-deductible - ANSWERS-
Because dividends are considered to be a return of premium
Kristi purchases an annuity that will pay her husband an
income for 15 years. If he dies, this income will
become payable to their children for the remainder of the
period. Kristi has what kind of annuity?
•Joint life with period certain
Life annuity with survivorship
Survivorship annuity
