Pearson Vue Life Insurance Practice Exam
Newest 2026 Questions and Correct Detailed
Answers Already Graded A+
Which of the following statements about a Renewable Term policy is CORRECT?
A.It is renewable at the option of the insurer.
B.It is renewable at the option of the insured.
C.It is renewable at the option of the insurer, with proof of insurability.
D.
It is renewable at the option of the insured, with proof of insurability. -
CORRECT ANSWER-B
If an insured commits suicide after the Suicide clause in the insured's life
insurance policy has expired, the insurer will take which of the following actions?
,A.Refuse to pay the Death benefit or refund any premiums
B.Refund only the premiums paid
C.Refund the premiums paid plus interest
D.Pay the Death benefit - CORRECT ANSWER-D
Which of the following policy provisions provides for continuation of coverage
despite nonpayment of premiums?
A.Entire Contract
B.Ownership clause
C.Nonforfeiture Option
D.Insuring clause - CORRECT ANSWER-C
, P wants to name her husband as the beneficiary of her life policy. However, she
wishes to retain all of the rights of ownership. P should have her husband named
as the:
A.irrevocable beneficiary
B.revocable beneficiary
C.secondary beneficiary - CORRECT ANSWER-B
A contract that has as its basic function the systematic liquidation of accumulated
assets through periodic payments is called an:
A.indemnity contract
B.investment contract
C.endowment
D.annuity - CORRECT ANSWER-D
Newest 2026 Questions and Correct Detailed
Answers Already Graded A+
Which of the following statements about a Renewable Term policy is CORRECT?
A.It is renewable at the option of the insurer.
B.It is renewable at the option of the insured.
C.It is renewable at the option of the insurer, with proof of insurability.
D.
It is renewable at the option of the insured, with proof of insurability. -
CORRECT ANSWER-B
If an insured commits suicide after the Suicide clause in the insured's life
insurance policy has expired, the insurer will take which of the following actions?
,A.Refuse to pay the Death benefit or refund any premiums
B.Refund only the premiums paid
C.Refund the premiums paid plus interest
D.Pay the Death benefit - CORRECT ANSWER-D
Which of the following policy provisions provides for continuation of coverage
despite nonpayment of premiums?
A.Entire Contract
B.Ownership clause
C.Nonforfeiture Option
D.Insuring clause - CORRECT ANSWER-C
, P wants to name her husband as the beneficiary of her life policy. However, she
wishes to retain all of the rights of ownership. P should have her husband named
as the:
A.irrevocable beneficiary
B.revocable beneficiary
C.secondary beneficiary - CORRECT ANSWER-B
A contract that has as its basic function the systematic liquidation of accumulated
assets through periodic payments is called an:
A.indemnity contract
B.investment contract
C.endowment
D.annuity - CORRECT ANSWER-D
