Pearson Vue Insurance Practice Exam Questions And Answers

Pearson Vue Insurance Practice Exam Questions And Answers Under the social security retirement benefits, all of the following factors will influence how much a retiring individual will receive as a monthly income benefit except the individual's - answerSex In life insurance, insurance interest must exist at the time the - answerProducer writes an application on a proposed insured Which of the following statements is NOT correct about representations? - answerThey are true in every respect An insurance producer takes an application for a life insurance policy but does not collect the initial premium. On delivery of the policy to the proposed insured, the producer must collect the initial premium and which of the following? - answerThe insured's signed statement of continued good health Which of the following retirement plans is tax-qualified? - answerDefined contribution Which of the following statements is correct about the paid-up additions in a participating whole life policy? - answerThey are purchased on an attained age basis The right to change a beneficiary designation is reserved for the: - answerPolicyowner Which of the following provisions in a life policy specifies the manner in which proceeds will be paid to a beneficiary on the death of the insured? - answerSettlement options Two business partners own life insurance on each other. If one partner dies, which of the following contracts will allow the other partner to buy 100 percent of the business interest? - answerbuy-sell agreement The waiver of premium provision of a life policy allows the insurer to take which of the following actions? - answerwaive an insured's premiums if the insured becomes totally disabled before a certian age A life insurance application is incomplete if it is missing the signature of which of the following? - answerThe proposed adult insured