PEARSON VUE LIFE & HEALTH
INSURANCE EXAM — 2026/2027 EDITION |
VERIFIED QUESTIONS & CORRECT
ANSWERS | 100% GUARANTEED PASS
GRADED A+ NEWEST VERSION
STATE LICENSING PREPARATION
In life insurance, the Free Look provision begins on the:
A. effective date of coverage
B. policy delivery date
c. date of application
D. date that the insurer issues the policy - ANSWER policy delivery date
A Variable Life Policy differs from a Whole Life policy in which of the following
ways?
A. The size of the Death benefit
B. The length of the Contestable Period
C. How premiums are paid
D. How reserves are invested - ANSWER How reserves are invested
, Which of the following terms refers to the transfer of some or all of the ownership
rights of a life insurance policy from one individual to another?
A. Nonforfeiture
B Endorsement
C Transfer for value
D Assignment - ANSWER Assignment
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?
A. A copy of the MIB report
B The insured's signed statement of continued good health
c. A copy of the conditional receipt
D. A copy of the temporary insurance agreement that covered the period between
the application date and the delivery date - ANSWER The insured's signed
statement of continued good health
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:
A. age
B "primary insurance amount."
,C "Fully insured" or "currently insured" status
D gender - ANSWER Gender
A prospect is critical of the low interest assumption used in the Whole Life
product proposed for purchase. Which of the following products could be used to
resolve the prospect's concerns?
A. Modified Endowment
B Interest-Sensitive Whole Life
C. Adjustable Life
D Single Premium Whole Life - ANSWER Interest-Sensitive Whole Life
The Waiver of Premium provision of a life policy allows the insurer to take which
of the following actions?
A. Waive an insured's premiums if the insured becomes totally disabled before a
certain age
B. Waive an insured's premiums if the insured becomes partially disabled for a
minimum time
C. Increase an insured's coverage at an attained age without imposing a premium
increase
, D. Reduce an insured's premiums if the insured pays them annually instead of
monthly - ANSWER Waive an insured's premiums if the insured becomes
totally disabled before a certain age
All of the following policies may be examples of third-party ownership EXCEPT:
A Modified Life
в Group Life
C. Split-dollar Life
D. Key Employee Life - ANSWER Modified Life
A Renewable Term policy may be renewed only if which of the following is
correct?
A. The insured requests renewal at a specified attained age
B The insured requests renewal at the end of the policy term.
C The beneficiary requests renewal on the policy anniversary.
D The insurance company approves renewal within 90 days after receiving the
request. - ANSWER The insured requests renewal at the end of the policy term.
Which of the following statements is NOT correct about representations?
A. They can be a part of the contract.
B. They are true in every respect.
C. They are assumed to be accurate.
INSURANCE EXAM — 2026/2027 EDITION |
VERIFIED QUESTIONS & CORRECT
ANSWERS | 100% GUARANTEED PASS
GRADED A+ NEWEST VERSION
STATE LICENSING PREPARATION
In life insurance, the Free Look provision begins on the:
A. effective date of coverage
B. policy delivery date
c. date of application
D. date that the insurer issues the policy - ANSWER policy delivery date
A Variable Life Policy differs from a Whole Life policy in which of the following
ways?
A. The size of the Death benefit
B. The length of the Contestable Period
C. How premiums are paid
D. How reserves are invested - ANSWER How reserves are invested
, Which of the following terms refers to the transfer of some or all of the ownership
rights of a life insurance policy from one individual to another?
A. Nonforfeiture
B Endorsement
C Transfer for value
D Assignment - ANSWER Assignment
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?
A. A copy of the MIB report
B The insured's signed statement of continued good health
c. A copy of the conditional receipt
D. A copy of the temporary insurance agreement that covered the period between
the application date and the delivery date - ANSWER The insured's signed
statement of continued good health
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:
A. age
B "primary insurance amount."
,C "Fully insured" or "currently insured" status
D gender - ANSWER Gender
A prospect is critical of the low interest assumption used in the Whole Life
product proposed for purchase. Which of the following products could be used to
resolve the prospect's concerns?
A. Modified Endowment
B Interest-Sensitive Whole Life
C. Adjustable Life
D Single Premium Whole Life - ANSWER Interest-Sensitive Whole Life
The Waiver of Premium provision of a life policy allows the insurer to take which
of the following actions?
A. Waive an insured's premiums if the insured becomes totally disabled before a
certain age
B. Waive an insured's premiums if the insured becomes partially disabled for a
minimum time
C. Increase an insured's coverage at an attained age without imposing a premium
increase
, D. Reduce an insured's premiums if the insured pays them annually instead of
monthly - ANSWER Waive an insured's premiums if the insured becomes
totally disabled before a certain age
All of the following policies may be examples of third-party ownership EXCEPT:
A Modified Life
в Group Life
C. Split-dollar Life
D. Key Employee Life - ANSWER Modified Life
A Renewable Term policy may be renewed only if which of the following is
correct?
A. The insured requests renewal at a specified attained age
B The insured requests renewal at the end of the policy term.
C The beneficiary requests renewal on the policy anniversary.
D The insurance company approves renewal within 90 days after receiving the
request. - ANSWER The insured requests renewal at the end of the policy term.
Which of the following statements is NOT correct about representations?
A. They can be a part of the contract.
B. They are true in every respect.
C. They are assumed to be accurate.
