Pearson Vue Insurance Practice Exam
Questions & Answers (Grade A+)
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 -
correct answer ✅Sex
In life insurance, insurance interest must exist at the time the -
correct answer ✅Producer writes an application on a proposed
insured
Which of the following statements is NOT correct about
representations? -
correct answer ✅They 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? -
correct answer ✅The insured's signed statement of continued
good health
Which of the following retirement plans is tax-qualified? -
correct answer ✅Defined contribution
, Pearson Vue Insurance Practice Exam
Questions & Answers (Grade A+)
Which of the following statements is correct about the paid-up
additions in a participating whole life policy? -
correct answer ✅They are purchased on an attained age basis
The right to change a beneficiary designation is reserved for the: -
correct answer ✅Policyowner
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? -
correct answer ✅Settlement 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? -
correct answer ✅buy-sell agreement
The waiver of premium provision of a life policy allows the insurer
to take which of the following actions? -
correct answer ✅waive an insured's premiums if the insured
becomes totally disabled before a certian age
Questions & Answers (Grade A+)
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 -
correct answer ✅Sex
In life insurance, insurance interest must exist at the time the -
correct answer ✅Producer writes an application on a proposed
insured
Which of the following statements is NOT correct about
representations? -
correct answer ✅They 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? -
correct answer ✅The insured's signed statement of continued
good health
Which of the following retirement plans is tax-qualified? -
correct answer ✅Defined contribution
, Pearson Vue Insurance Practice Exam
Questions & Answers (Grade A+)
Which of the following statements is correct about the paid-up
additions in a participating whole life policy? -
correct answer ✅They are purchased on an attained age basis
The right to change a beneficiary designation is reserved for the: -
correct answer ✅Policyowner
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? -
correct answer ✅Settlement 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? -
correct answer ✅buy-sell agreement
The waiver of premium provision of a life policy allows the insurer
to take which of the following actions? -
correct answer ✅waive an insured's premiums if the insured
becomes totally disabled before a certian age
