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LA LIFE INSURANCE SERIES 101 EXAM 2025|
BRAND NEW EXAM QUESTIONS WITH 100%
CORRECT SOLUTIONS | GUARANTEED
SUCCESS| ACE YOUR GRADES.
1. Which of the following are TRUE regarding the duties of insurers? -
Correct Answer-Replacement requirements do not apply to the existing
insurer.
2. With regard to privacy regulation, a customer relationship is established
when: - Correct Answer-A consumer becomes a licensees policyholder
or agrees to pay for financial advice about insurance.
3. Which of the following is most likely to pay the highest premium for a
disability income policy all other factors being equal? - Correct Answer-
Age 40, welder, tobacco user
4. What is the primary purpose of an annuity? - Correct Answer-To protect
against outliving ones income.
5. All of the following are TRUE regarding Credit Life, EXCEPT: - Correct
Answer-The amount of coverage can exceed the debt.
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6. Alice finds she no longer is able to pay premiums on her 50,000.00
Whole Life Policy, but needs that amount of protection for her family.
Which Nonforfeiture Option provides this protection? - Correct Answer-
Extended Term
7. K owns a Variable Annuity with an assumed interest rate of 4%. If the
actual performance of the separate accounts is 5%, the affect on this
months income benefit check will be_____________. - Correct Answer-
Higher
8. The cost of any required medical exams in the underwriting process is
paid by the: - Correct Answer-Insurer
9. An individual has secured a 12,000.00 loan from the Bank to purchase a
boat, which is scheduled for repayment in monthly installments over
48mos. Which Life Insurance would be most efficient at protecting the
lender should the borrower die prior to retiring the debt? - Correct
Answer-Decreasing Term
10. In a Viatical Settlement a third party purchases a policy from a
terminally ill insured for approximately _______ to _______% of the
policy's face amount. - Correct Answer-60/80
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11. With regard to delivery receipt requirements, which of the following is
TRUE? - Correct Answer-Upon policy delivery, a producer must get the
policyholders signed receipt acknowledging delivery.
12. All of the following are correct regarding Key Employee Life
Insurance, EXCEPT: - Correct Answer-Premiums are deducted from the
employees salary.
13. Which of the following personal uses of Life Insurance is specifically
designed to provide benefits to the policyowner while the insured is still
alive? - Correct Answer-Cash Accumlation
14. With regard to termination and renewal of a license, Which of the
following is FALSE? - Correct Answer-A business entity producers
license expires April 30 of each even-numbered year.
15. Which of the following death benefit settlement options pays out a
benefit that is 100% income tax-free to the recipient? - Correct Answer-
Lump Sum
16. Warren and Wilma have a joint life policy. Warren dies and the policy
pays nothing. Later on, Wilma dies and the policy death benefits is paid
to the beneficiary. This is called a : - Correct Answer-Survivorship or
second-to-die policy
LA LIFE INSURANCE SERIES 101 EXAM 2025|
BRAND NEW EXAM QUESTIONS WITH 100%
CORRECT SOLUTIONS | GUARANTEED
SUCCESS| ACE YOUR GRADES.
1. Which of the following are TRUE regarding the duties of insurers? -
Correct Answer-Replacement requirements do not apply to the existing
insurer.
2. With regard to privacy regulation, a customer relationship is established
when: - Correct Answer-A consumer becomes a licensees policyholder
or agrees to pay for financial advice about insurance.
3. Which of the following is most likely to pay the highest premium for a
disability income policy all other factors being equal? - Correct Answer-
Age 40, welder, tobacco user
4. What is the primary purpose of an annuity? - Correct Answer-To protect
against outliving ones income.
5. All of the following are TRUE regarding Credit Life, EXCEPT: - Correct
Answer-The amount of coverage can exceed the debt.
, Page |2
6. Alice finds she no longer is able to pay premiums on her 50,000.00
Whole Life Policy, but needs that amount of protection for her family.
Which Nonforfeiture Option provides this protection? - Correct Answer-
Extended Term
7. K owns a Variable Annuity with an assumed interest rate of 4%. If the
actual performance of the separate accounts is 5%, the affect on this
months income benefit check will be_____________. - Correct Answer-
Higher
8. The cost of any required medical exams in the underwriting process is
paid by the: - Correct Answer-Insurer
9. An individual has secured a 12,000.00 loan from the Bank to purchase a
boat, which is scheduled for repayment in monthly installments over
48mos. Which Life Insurance would be most efficient at protecting the
lender should the borrower die prior to retiring the debt? - Correct
Answer-Decreasing Term
10. In a Viatical Settlement a third party purchases a policy from a
terminally ill insured for approximately _______ to _______% of the
policy's face amount. - Correct Answer-60/80
, Page |3
11. With regard to delivery receipt requirements, which of the following is
TRUE? - Correct Answer-Upon policy delivery, a producer must get the
policyholders signed receipt acknowledging delivery.
12. All of the following are correct regarding Key Employee Life
Insurance, EXCEPT: - Correct Answer-Premiums are deducted from the
employees salary.
13. Which of the following personal uses of Life Insurance is specifically
designed to provide benefits to the policyowner while the insured is still
alive? - Correct Answer-Cash Accumlation
14. With regard to termination and renewal of a license, Which of the
following is FALSE? - Correct Answer-A business entity producers
license expires April 30 of each even-numbered year.
15. Which of the following death benefit settlement options pays out a
benefit that is 100% income tax-free to the recipient? - Correct Answer-
Lump Sum
16. Warren and Wilma have a joint life policy. Warren dies and the policy
pays nothing. Later on, Wilma dies and the policy death benefits is paid
to the beneficiary. This is called a : - Correct Answer-Survivorship or
second-to-die policy
