1
Pearson Vue Life Insurance Practice TN Exam/
Questions & Correct Answers.
Reinstatement of a life insurance policy requires an insured to take all of the following actions
EXCEPT:
A. provide evidence of insurability
B. make collateral assignment to the insurer
C. pay back interest on any outstanding policy loan
D. pay all past-due premiums - Answer: B
Which of the following statements about a Renewable Term policy is CORRECT?
A. It is renewable at the option of the insurer.
B. It is renewable at the option of the insured.
C. It is renewable at the option of the insurer, with proof of insurability.
D.
, It is renewable at the option of the insured, with proof of insurability. - Answer: B
2
If an insured commits suicide after the Suicide clause in the insured's life insurance policy has
expired, the insurer will take which of the following actions?
A. Refuse to pay the Death benefit or refund any premiums
B. Refund only the premiums paid
C. Refund the premiums paid plus interest
D. Pay the Death benefit - Answer: D
Which of the following policy provisions provides for continuation of coverage despite
nonpayment of premiums?
A. Entire Contract
B. Ownership clause
C. Nonforfeiture Option
D. Insuring clause - Answer: C
An applicant for life insurance may question the validity and source of any consumer
information developed under the
A. Medical Information Bureau Disclosure Act
B. Fair Credit Reporting Act (Insurance Information and Privacy Protection Act)
C. Equal Employment Opportunity Act
D. Medicare Act - Answer: B
The PRIMARY reason for selecting a Variable Whole Life policy instead of a traditional Whole
Life policy is that the Variable Whole Life policy:
Pearson Vue Life Insurance Practice TN Exam/
Questions & Correct Answers.
Reinstatement of a life insurance policy requires an insured to take all of the following actions
EXCEPT:
A. provide evidence of insurability
B. make collateral assignment to the insurer
C. pay back interest on any outstanding policy loan
D. pay all past-due premiums - Answer: B
Which of the following statements about a Renewable Term policy is CORRECT?
A. It is renewable at the option of the insurer.
B. It is renewable at the option of the insured.
C. It is renewable at the option of the insurer, with proof of insurability.
D.
, It is renewable at the option of the insured, with proof of insurability. - Answer: B
2
If an insured commits suicide after the Suicide clause in the insured's life insurance policy has
expired, the insurer will take which of the following actions?
A. Refuse to pay the Death benefit or refund any premiums
B. Refund only the premiums paid
C. Refund the premiums paid plus interest
D. Pay the Death benefit - Answer: D
Which of the following policy provisions provides for continuation of coverage despite
nonpayment of premiums?
A. Entire Contract
B. Ownership clause
C. Nonforfeiture Option
D. Insuring clause - Answer: C
An applicant for life insurance may question the validity and source of any consumer
information developed under the
A. Medical Information Bureau Disclosure Act
B. Fair Credit Reporting Act (Insurance Information and Privacy Protection Act)
C. Equal Employment Opportunity Act
D. Medicare Act - Answer: B
The PRIMARY reason for selecting a Variable Whole Life policy instead of a traditional Whole
Life policy is that the Variable Whole Life policy:
