FEG TEST STUDY GUIDE QUESTIONS
AND ANSWERS
Which is the flexibility of a whole life policy? - Correct Answer ✔️
✔️Adjustable whole life
What can the insurer do, if the producer termination of appointment?
- Correct Answer ✔️✔️the insurer must sent a written notice of
the termination to the producer.
What is the insured becomes totally disability? - Correct Answer ✔
️✔️Waiver of premiums
. Which of the following is not an example of third party ownership? -
Correct Answer ✔️✔️Business owner buying a life insurance
policy on his/her own life.
Which has the right to revoke license? - Correct Answer ✔️✔️.
The commissioners of Commerce
,Who has the right to change the beneficiary? - Correct Answer ✔️
✔️The policy owner
How long is the temporary license? - Correct Answer ✔️✔️180
days.
In group life insurance, what is it called when the employer pays for
the employees? - Correct Answer ✔️✔️Non-Contributory
How many days that the insured cancel the policy and refund all of
the premiums? - Correct Answer ✔️✔️10 days
To sell long term care in Minnesota? - Correct Answer ✔️✔
️training 8 hours before going sell the long term care
How long is the Free Look? - Correct Answer ✔️✔️10 days
Decreasing Term? - Correct Answer ✔️✔️b. Home mortgage
Home mortgage protection? - Correct Answer ✔️✔️c.
Degreasing term
, Suicide? - Correct Answer ✔️✔️Suicide is not covered in the
policy for the first 2 years
Accelerated benefit rider? - Correct Answer ✔️✔️Terminal
illness or Injury
To sell the variable the agent must pass? - Correct Answer ✔️✔
️Life license and Security license
When the producer license is expiring day? - Correct Answer ✔️✔
️you birthday or October 31
66. The insured is take out the life insurance policy and the insured is
suicide himself 13 mounts later, what is the insurance company will
do for this? - Correct Answer ✔️✔️no liable
How long is the temporary license? - Correct Answer ✔️✔️b. 18
months
AND ANSWERS
Which is the flexibility of a whole life policy? - Correct Answer ✔️
✔️Adjustable whole life
What can the insurer do, if the producer termination of appointment?
- Correct Answer ✔️✔️the insurer must sent a written notice of
the termination to the producer.
What is the insured becomes totally disability? - Correct Answer ✔
️✔️Waiver of premiums
. Which of the following is not an example of third party ownership? -
Correct Answer ✔️✔️Business owner buying a life insurance
policy on his/her own life.
Which has the right to revoke license? - Correct Answer ✔️✔️.
The commissioners of Commerce
,Who has the right to change the beneficiary? - Correct Answer ✔️
✔️The policy owner
How long is the temporary license? - Correct Answer ✔️✔️180
days.
In group life insurance, what is it called when the employer pays for
the employees? - Correct Answer ✔️✔️Non-Contributory
How many days that the insured cancel the policy and refund all of
the premiums? - Correct Answer ✔️✔️10 days
To sell long term care in Minnesota? - Correct Answer ✔️✔
️training 8 hours before going sell the long term care
How long is the Free Look? - Correct Answer ✔️✔️10 days
Decreasing Term? - Correct Answer ✔️✔️b. Home mortgage
Home mortgage protection? - Correct Answer ✔️✔️c.
Degreasing term
, Suicide? - Correct Answer ✔️✔️Suicide is not covered in the
policy for the first 2 years
Accelerated benefit rider? - Correct Answer ✔️✔️Terminal
illness or Injury
To sell the variable the agent must pass? - Correct Answer ✔️✔
️Life license and Security license
When the producer license is expiring day? - Correct Answer ✔️✔
️you birthday or October 31
66. The insured is take out the life insurance policy and the insured is
suicide himself 13 mounts later, what is the insurance company will
do for this? - Correct Answer ✔️✔️no liable
How long is the temporary license? - Correct Answer ✔️✔️b. 18
months
