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LA Series 103 Exam Questions and Answers Latest Version Already Passed
LA Series 103 Exam Questions and 
Answers Latest Version Already Passed 
 
What does insurable interest mean in life insurance? 
 
The policyowner must benefit from the continued life of the insured. 
 
When must insurable interest exist for a life insurance policy to be valid? 
At the time of application. 
 
What is the purpose of a beneficiary in a life insurance policy? 
To receive the policy’s death benefit. 
 
What happens if no beneficiary is named on a life insurance policy? 
The death ...