©THESTAR 2024/2025 ALL RIGHTS RESERVED 3:09PM.
Louisiana Life Insurance Final Exam
Questions And Answers |Latest 2025 |
Guaranteed Pass.
A viatical transaction is used for which of the following - Answer✔A chronically ill insured who
needs to sell his life insurance policy to a third-party to settle medical and other bills prior to
death
An agent complete an application for insurance on the Addams family Mr. Adams writes a
check for the initial premium and the agent provides Mr. Adams with a conditional receipt Mr.
Adams should understand which of the following - Answer✔He has made an offer to the
insurance company and no insurance is in effect until all requirements for underwriting his
policy or receipt in the policy is approved
The annual renewable term term ART - Answer✔Has no requirements for a proof of insurability
at renewal and a maximum age .
Insurance uses a pre-existing condition clause to prevent - Answer✔Adverse selection
Which of the following is an effective and legal way to deliver a policy - Answer✔Personal
delivery by an agent mailing the policy to the policy owner giving the policy to an agent of the
policy owner
Which of the following statements is not true about the guaranteed insurability riderGIR? -
Answer✔The older the insured gets the more frequent the purchase option dates
What plan would likely meet the needs of two partners who want to create a buy sell
agreement and an inexpensive and simple funding plan? - Answer✔A joint life plan which will
provide a survivor money to buy out the deceased partners heirs.
Which of the following is not a factor in determining the amount of life insurance policy
dividend - Answer✔Morbidity is a fact to use in determining health insurance premiums not life
insurance the correct answer is mobility
Which of the following is not a common use for annuities - Answer✔Pay legal fees
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 3:09PM.
What guarantees states that if the policyholder discontinues payment of premiums the
policyholder can have access to the cash value of the policy policy - Answer✔Non-forfeiture
Provision
A qualified retirement plan that blends in our way with a profit sharing plan and I lost the
employer to deduct up to 25% of contributions made to all employeees It's called a -
Answer✔SEP is available to small employers contributions made two employees are deductible
up to 25% SEP
Which of the following is true about the waiver of premium rider on an insurance policy -
Answer✔The premiums are waived during the period of the disability there is usually a waiting
period for the benefit to kick in there is an additional premium charge for this coverage all of
the above
And example of coverage that can be purchased by a husband for his wife along with other
dependent family members is - Answer✔A family term Rider
Which of the following is true about the automatic premium lone Rider APL - Answer✔The
writer gives the Company the Right to borrow against the policies cash value
Which of the following is a common element We need a curse that allows an insured to charge
lower premiums - Answer✔Higher interest earnings
What business continuation plan would be best for a furniture company owned by five partners
- Answer✔Entity plans are best for partnerships with several partners entity plan
Which of the following is a typical characteristics of a whole life insurance policy - Answer✔The
premiums remain level for the entire period that the policy is in force whole life policies have a
guarantee cash value the face amount of the policy does not change my other policies in force
all of the above
When does the clock start running on the free look provision of a life policy - Answer✔When
the policy is delivered to the insured
The commissioner must provide notice of at least how many days before it disciplinary hearing
date - Answer✔10 days
Stephen currently earns 50,000 annually he has calculated that he should have a proximately
1,500,000 in life insurance to be sure his family is guaranteed the lifestyle he would provide if
he dies this approach is called - Answer✔Human life value
All of the following statements are Folse regarding the paid up additions dividend option in a
whole life insurance policy issued by a participating in sure except - Answer✔Paid up additions
are based on the insurance attained age
2
Louisiana Life Insurance Final Exam
Questions And Answers |Latest 2025 |
Guaranteed Pass.
A viatical transaction is used for which of the following - Answer✔A chronically ill insured who
needs to sell his life insurance policy to a third-party to settle medical and other bills prior to
death
An agent complete an application for insurance on the Addams family Mr. Adams writes a
check for the initial premium and the agent provides Mr. Adams with a conditional receipt Mr.
Adams should understand which of the following - Answer✔He has made an offer to the
insurance company and no insurance is in effect until all requirements for underwriting his
policy or receipt in the policy is approved
The annual renewable term term ART - Answer✔Has no requirements for a proof of insurability
at renewal and a maximum age .
Insurance uses a pre-existing condition clause to prevent - Answer✔Adverse selection
Which of the following is an effective and legal way to deliver a policy - Answer✔Personal
delivery by an agent mailing the policy to the policy owner giving the policy to an agent of the
policy owner
Which of the following statements is not true about the guaranteed insurability riderGIR? -
Answer✔The older the insured gets the more frequent the purchase option dates
What plan would likely meet the needs of two partners who want to create a buy sell
agreement and an inexpensive and simple funding plan? - Answer✔A joint life plan which will
provide a survivor money to buy out the deceased partners heirs.
Which of the following is not a factor in determining the amount of life insurance policy
dividend - Answer✔Morbidity is a fact to use in determining health insurance premiums not life
insurance the correct answer is mobility
Which of the following is not a common use for annuities - Answer✔Pay legal fees
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 3:09PM.
What guarantees states that if the policyholder discontinues payment of premiums the
policyholder can have access to the cash value of the policy policy - Answer✔Non-forfeiture
Provision
A qualified retirement plan that blends in our way with a profit sharing plan and I lost the
employer to deduct up to 25% of contributions made to all employeees It's called a -
Answer✔SEP is available to small employers contributions made two employees are deductible
up to 25% SEP
Which of the following is true about the waiver of premium rider on an insurance policy -
Answer✔The premiums are waived during the period of the disability there is usually a waiting
period for the benefit to kick in there is an additional premium charge for this coverage all of
the above
And example of coverage that can be purchased by a husband for his wife along with other
dependent family members is - Answer✔A family term Rider
Which of the following is true about the automatic premium lone Rider APL - Answer✔The
writer gives the Company the Right to borrow against the policies cash value
Which of the following is a common element We need a curse that allows an insured to charge
lower premiums - Answer✔Higher interest earnings
What business continuation plan would be best for a furniture company owned by five partners
- Answer✔Entity plans are best for partnerships with several partners entity plan
Which of the following is a typical characteristics of a whole life insurance policy - Answer✔The
premiums remain level for the entire period that the policy is in force whole life policies have a
guarantee cash value the face amount of the policy does not change my other policies in force
all of the above
When does the clock start running on the free look provision of a life policy - Answer✔When
the policy is delivered to the insured
The commissioner must provide notice of at least how many days before it disciplinary hearing
date - Answer✔10 days
Stephen currently earns 50,000 annually he has calculated that he should have a proximately
1,500,000 in life insurance to be sure his family is guaranteed the lifestyle he would provide if
he dies this approach is called - Answer✔Human life value
All of the following statements are Folse regarding the paid up additions dividend option in a
whole life insurance policy issued by a participating in sure except - Answer✔Paid up additions
are based on the insurance attained age
2
