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PEARSON VUE LIFE INSURANCE EXAM VERSION 1,2
AND 3 NEWEST 2026 ACTUAL VERIFIED EXAM
COMPLETE 250 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||NEWEST EXAM!!!
In the event of a divorce, which of the following would
allow a divorce to continue receiving group health
coverage under a insured spouse's plan for an additional
36 months?
A. Social security
B. Routine dental care
C. Coverage for dependents
D. Military duty - ANSWER-Coverage for dependents
The insurance policy, together with the policy application
and any added riders from what is known as a(n)
A. Certificate of coverage
B. Contract of adhesion
C. Blanket policy
D. Entire contract - ANSWER-Entire contract
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To comply with Fair Credit Reporting Act, when must a
producer notify an applicant that a credit report may be
requested
A. At the time of application
B. When the applicant's credit is checked
C. When the policy is delivered
D. At the initial interviewer - ANSWER-At the time of
application
The dividend option in which the policyowner uses
dividends to purchase a term policy for one year is
referred to as the
A. One-year option
B. Paid-up option
C. Accelerated endowment
D. Paid-up additions - ANSWER-One-year option
If an insurer requires a medical examination of an
applicant in connection with the application for life
insurance, who is responsible for paying the cost of the
examination?
A. The examiner
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B. The applicant
C. The insurer
D. The cost of the examination will be waived - ANSWER-
The insurer
The premium of a survivorship life policy compared with
that of a joint life policy would be
A. Half the amount
B. Lower
C. Higher
D. As high - ANSWER-Lower
What license or licenses are required to sell variable
annuities?
A. No license is required
B. Both a life insurance license and a securities license
C. Only a life insurance license
D. Only a securities license - ANSWER-Both a life
insurance license and a securities license
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If the policyowner, the insured, and the beneficiary under a
life insurance policy are three different people, who has
the ownership rights?
A. Policyowner
B. The insured and the policyowner
C. Beneficiary
D. Insured - ANSWER-policyowner
Which of following is a feature of a disability buy out plan?
A. A lump-sum benefit payment option
B. Tax deductible premiums
C. Taxable benefits
D. A short elimination period - ANSWER-A lump-sum
benefit payment option
Children's rider attached to whole life policies are usually
issued as what type of insurance?
A. Term
B. Variable life
C. Adjustable life
D. Whole life - ANSWER-term
PEARSON VUE LIFE INSURANCE EXAM VERSION 1,2
AND 3 NEWEST 2026 ACTUAL VERIFIED EXAM
COMPLETE 250 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||NEWEST EXAM!!!
In the event of a divorce, which of the following would
allow a divorce to continue receiving group health
coverage under a insured spouse's plan for an additional
36 months?
A. Social security
B. Routine dental care
C. Coverage for dependents
D. Military duty - ANSWER-Coverage for dependents
The insurance policy, together with the policy application
and any added riders from what is known as a(n)
A. Certificate of coverage
B. Contract of adhesion
C. Blanket policy
D. Entire contract - ANSWER-Entire contract
,2|Page
To comply with Fair Credit Reporting Act, when must a
producer notify an applicant that a credit report may be
requested
A. At the time of application
B. When the applicant's credit is checked
C. When the policy is delivered
D. At the initial interviewer - ANSWER-At the time of
application
The dividend option in which the policyowner uses
dividends to purchase a term policy for one year is
referred to as the
A. One-year option
B. Paid-up option
C. Accelerated endowment
D. Paid-up additions - ANSWER-One-year option
If an insurer requires a medical examination of an
applicant in connection with the application for life
insurance, who is responsible for paying the cost of the
examination?
A. The examiner
,3|Page
B. The applicant
C. The insurer
D. The cost of the examination will be waived - ANSWER-
The insurer
The premium of a survivorship life policy compared with
that of a joint life policy would be
A. Half the amount
B. Lower
C. Higher
D. As high - ANSWER-Lower
What license or licenses are required to sell variable
annuities?
A. No license is required
B. Both a life insurance license and a securities license
C. Only a life insurance license
D. Only a securities license - ANSWER-Both a life
insurance license and a securities license
, 4|Page
If the policyowner, the insured, and the beneficiary under a
life insurance policy are three different people, who has
the ownership rights?
A. Policyowner
B. The insured and the policyowner
C. Beneficiary
D. Insured - ANSWER-policyowner
Which of following is a feature of a disability buy out plan?
A. A lump-sum benefit payment option
B. Tax deductible premiums
C. Taxable benefits
D. A short elimination period - ANSWER-A lump-sum
benefit payment option
Children's rider attached to whole life policies are usually
issued as what type of insurance?
A. Term
B. Variable life
C. Adjustable life
D. Whole life - ANSWER-term
