Maryland state exam life insurance
license practice Questions and
Answers
Declarations - -In what part of an insurance policy or policy benefits found?
- Twisting - -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? - -Nothing
- Which of these factors would and ensure consider when determining
whether to except a group life plan - -Average age
- Which type of life insurance is normally associated with a paler benefit
rider - -Juvenile insurance
- Which of the following is not considered advertising? - -Oh rating from A
rating service company such as a.m. best
- During the accumulation. Who can surrender an annuity - -Policy owner
- Fixed period Settlement options are considered to be a form of a - -
Annuity
- Which of the following is not information found in a life insurance buyers
guide - -How to take legal action against a insurance company
- All of the following characteristics of a group life insurance plan except - -
Individual underwriting
- A securities license is required for a life insurance producer to sell - -
Variable life insurance
- Which of the following is present when an applicant stands to lose value if
the insured dies - -Insurable interest
- What may be the result of replacing an existing life insurance policy with a
new one - -Surrender charge
license practice Questions and
Answers
Declarations - -In what part of an insurance policy or policy benefits found?
- Twisting - -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? - -Nothing
- Which of these factors would and ensure consider when determining
whether to except a group life plan - -Average age
- Which type of life insurance is normally associated with a paler benefit
rider - -Juvenile insurance
- Which of the following is not considered advertising? - -Oh rating from A
rating service company such as a.m. best
- During the accumulation. Who can surrender an annuity - -Policy owner
- Fixed period Settlement options are considered to be a form of a - -
Annuity
- Which of the following is not information found in a life insurance buyers
guide - -How to take legal action against a insurance company
- All of the following characteristics of a group life insurance plan except - -
Individual underwriting
- A securities license is required for a life insurance producer to sell - -
Variable life insurance
- Which of the following is present when an applicant stands to lose value if
the insured dies - -Insurable interest
- What may be the result of replacing an existing life insurance policy with a
new one - -Surrender charge
