PEARSON VUE INSURANCE PRACTICE EXAM
COMPREHENSIVE EXAM QUESTIONS WITH DETAILED
VERIFIED AND 100% ACCURATE ANSWERS BRAND NEW
EXAM ALREADY GRADED 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 Answers Sex
In life insurance, insurance interest must exist at the time the Correct
Answers Producer writes an application on a proposed insured
Which of the following statements is NOT correct about
representations? Correct Answers 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 Answers The insured's signed statement
of continued good health
Which of the following retirement plans is tax-qualified? Correct
Answers Defined contribution
Which of the following statements is correct about the paid-up additions
in a participating whole life policy? Correct Answers They are
purchased on an attained age basis
, The right to change a beneficiary designation is reserved for the: Correct
Answers 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 Answers 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 Answers buy-sell
agreement
The waiver of premium provision of a life policy allows the insurer to
take which of the following actions? Correct Answers waive 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? Correct Answers The proposed adult insured
Which of the following statements is correct about group life conversion
privileges? Correct Answers Death during the conversion period is
covered if the departing employee chose not to conver the policy.
In the event of an insured's death, which of the following provides an
income for the family during a designated period of time followed by a
lump sum death benefit? Correct Answers Family income rider
COMPREHENSIVE EXAM QUESTIONS WITH DETAILED
VERIFIED AND 100% ACCURATE ANSWERS BRAND NEW
EXAM ALREADY GRADED 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 Answers Sex
In life insurance, insurance interest must exist at the time the Correct
Answers Producer writes an application on a proposed insured
Which of the following statements is NOT correct about
representations? Correct Answers 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 Answers The insured's signed statement
of continued good health
Which of the following retirement plans is tax-qualified? Correct
Answers Defined contribution
Which of the following statements is correct about the paid-up additions
in a participating whole life policy? Correct Answers They are
purchased on an attained age basis
, The right to change a beneficiary designation is reserved for the: Correct
Answers 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 Answers 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 Answers buy-sell
agreement
The waiver of premium provision of a life policy allows the insurer to
take which of the following actions? Correct Answers waive 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? Correct Answers The proposed adult insured
Which of the following statements is correct about group life conversion
privileges? Correct Answers Death during the conversion period is
covered if the departing employee chose not to conver the policy.
In the event of an insured's death, which of the following provides an
income for the family during a designated period of time followed by a
lump sum death benefit? Correct Answers Family income rider
