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PEARSON VUE LIFE INSURANCE EXAM LATEST 2026 ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
Which of the following is a feature of a variable annuity?
A. Interest rate is guarantee
B. Securities license is not required
C. Benefit payment amounts are not guaranteed
D. Payments into the annuity are kept in the company's general
account - ANSWER-C. Benefit payment amounts are not
guaranteed
Which provision allows the policyholder a period of time, while
coverage is in force, to examine a health insurance policy and
determine whether or not to keep it?
A. Elimination period
B. Probationary period
C. Free Look period
D. Grace period - ANSWER-C. Free look period
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Which of the following is true about the requirement regarding HIV
exams?
A. Prior informed oral consent is required from be used the
applicant
B. HIV exams may not be used as a basis for underwriting
C. The applicant must give prior informed written consent
D. Results may be disclosed to the agent and the underwriter -
ANSWER-C. The applicant must give prior informed written
consent
Another term used to describe "no deductible" is
A. Total coverage
B. Immediate cooperative
C. First-dollar basis
D. Comprehensive - ANSWER-C. First-dollar basis
An insured pays $100 premium every month for his insurance
coverage, yet the insurer promises to pay $10,000 for a covered
loss. What characteristic of an insurance contract does this
describe?
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A. Good health
B. Adhesion
C. Conditional
D. Aleatory - ANSWER-D. Aleatory
Which is TRUE about the cash surrender nonforfeiture option?
A. After the cash surrender, the insured is covered for a grace
period of one month
B. The policy remains active for some time after the policyholder
opts for cash surrender
C. The policyholder receives the original cash value of the policy
D. Funds exceeding the premium paid are taxable as ordinary
income. - ANSWER-D. Funds exceeding the premium paid are
taxable as ordinary income.
A father purchases a life insurance policy on his teenage daughter
and adds the Payor benefits rider. In which of the following
scenarios will the rider waive the payment of premium?
A. If the father is disabled for at least a year
B. If the daughter is disabled for more than 3 months
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C. If the daughter is disabled for any length of time
D. If the father is disabled for more than 6 months - ANSWER-D.
If the father is disabled for more than 6 months
Which of the following is a risk classification used by underwriters
for life insurance?
A. Normal
B. Excellent
C. Standard
D. Poor - ANSWER-C. Standard
Which of the following explains the policyowner's right to change
beneficiaries, choose options, and receives proceeds of a policy?
A. The entire contract provision
B. The consideration clause
C. Assignment rights
D. owner's right - ANSWER-D. owner's right
A key person insurance policy can pay for which of the following?
PEARSON VUE LIFE INSURANCE EXAM LATEST 2026 ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
Which of the following is a feature of a variable annuity?
A. Interest rate is guarantee
B. Securities license is not required
C. Benefit payment amounts are not guaranteed
D. Payments into the annuity are kept in the company's general
account - ANSWER-C. Benefit payment amounts are not
guaranteed
Which provision allows the policyholder a period of time, while
coverage is in force, to examine a health insurance policy and
determine whether or not to keep it?
A. Elimination period
B. Probationary period
C. Free Look period
D. Grace period - ANSWER-C. Free look period
,2|Page
Which of the following is true about the requirement regarding HIV
exams?
A. Prior informed oral consent is required from be used the
applicant
B. HIV exams may not be used as a basis for underwriting
C. The applicant must give prior informed written consent
D. Results may be disclosed to the agent and the underwriter -
ANSWER-C. The applicant must give prior informed written
consent
Another term used to describe "no deductible" is
A. Total coverage
B. Immediate cooperative
C. First-dollar basis
D. Comprehensive - ANSWER-C. First-dollar basis
An insured pays $100 premium every month for his insurance
coverage, yet the insurer promises to pay $10,000 for a covered
loss. What characteristic of an insurance contract does this
describe?
,3|Page
A. Good health
B. Adhesion
C. Conditional
D. Aleatory - ANSWER-D. Aleatory
Which is TRUE about the cash surrender nonforfeiture option?
A. After the cash surrender, the insured is covered for a grace
period of one month
B. The policy remains active for some time after the policyholder
opts for cash surrender
C. The policyholder receives the original cash value of the policy
D. Funds exceeding the premium paid are taxable as ordinary
income. - ANSWER-D. Funds exceeding the premium paid are
taxable as ordinary income.
A father purchases a life insurance policy on his teenage daughter
and adds the Payor benefits rider. In which of the following
scenarios will the rider waive the payment of premium?
A. If the father is disabled for at least a year
B. If the daughter is disabled for more than 3 months
, 4|Page
C. If the daughter is disabled for any length of time
D. If the father is disabled for more than 6 months - ANSWER-D.
If the father is disabled for more than 6 months
Which of the following is a risk classification used by underwriters
for life insurance?
A. Normal
B. Excellent
C. Standard
D. Poor - ANSWER-C. Standard
Which of the following explains the policyowner's right to change
beneficiaries, choose options, and receives proceeds of a policy?
A. The entire contract provision
B. The consideration clause
C. Assignment rights
D. owner's right - ANSWER-D. owner's right
A key person insurance policy can pay for which of the following?
