LIFE PRODUCER GAURANITY EXAM |
NEWEST ACTUAL EXAM COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
GRADED A+ | 100% PASS | 2025 UPDATE!
Which of the following policies would NOT offer a policy loan option? -
✔✔✔ Correct Answer > Term life
What happens to the face amount of a whole life policy if the insured
reaches the age of 100? - ✔✔✔ Correct Answer > Face amount paid
to insured
Which of the following would NOT trigger the payment of Accelerated
Death Benefits?.. - ✔✔✔ Correct Answer > A Being permanently
disabled
What is the maximum loan amount a policyowner may withdrawal
from a variable universal life insurance policy? - ✔✔✔ Correct
Answer > An amount not exceeding the cash value
Under which of the following conditions would life insurance proceeds
be taxable by the federal government? - ✔✔✔ Correct Answer > If
taken in lump sum
,Which of the following will NOT be included in the buyer's guide? -
✔✔✔ Correct Answer > A Specific information about the policy
Which of the following statements regarding HIV testing is NOT true? -
✔✔✔ Correct Answer > Test results must be sent to the Department
of Insurance
Which of the following is NOT a standard exclusion in life insurance
policies? - ✔✔✔ Correct Answer > Disability
A loss resulting from which of the following would qualify for the
accidental death rider coverage? - ✔✔✔ Correct Answer > -an
automobile accident
A new homebuyer wants to purchase a life insurance policy that would
protect his family against losing the home, should he die before the
mortgage was paid. The most inexpensive type of policy that would
accomplish this need would be - ✔✔✔ Correct Answer > Decreasing
term
According to the Fair Credit Reporting Act, all of the following
statements are true EXCEPT... - ✔✔✔ Correct Answer > If an
applicant is declined for an insurance policy, he or she has no right to
know what was in the report
, Contributions to Roth IRA.. - ✔✔✔ Correct Answer > Are not tax
deductible
If an applicant's health is poorer than that of an average applicant, the
policy may be issued.. - ✔✔✔ Correct Answer > A substandard
Which of the following losses would likely be covered under the
Accidental Death rider? - ✔✔✔ Correct Answer > death caused by
head on collision
With Adjustable Life, the owner can change all of the following EXCEPT..
- ✔✔✔ Correct Answer > The insured
All of the following are true of the Survivorship Life policy EXCEPT...- -
✔✔✔ Correct Answer > The premium is based on the age of each
insured
Which of the following are characteristics of term life insurance?... -
✔✔✔ Correct Answer > Temporary protection, renewability, no cash
value
In order to reinstate a life insurance policy the insured must do all of
the following EXCEPT... - ✔✔✔ Correct Answer > pay nexts years
premium in advance
NEWEST ACTUAL EXAM COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
GRADED A+ | 100% PASS | 2025 UPDATE!
Which of the following policies would NOT offer a policy loan option? -
✔✔✔ Correct Answer > Term life
What happens to the face amount of a whole life policy if the insured
reaches the age of 100? - ✔✔✔ Correct Answer > Face amount paid
to insured
Which of the following would NOT trigger the payment of Accelerated
Death Benefits?.. - ✔✔✔ Correct Answer > A Being permanently
disabled
What is the maximum loan amount a policyowner may withdrawal
from a variable universal life insurance policy? - ✔✔✔ Correct
Answer > An amount not exceeding the cash value
Under which of the following conditions would life insurance proceeds
be taxable by the federal government? - ✔✔✔ Correct Answer > If
taken in lump sum
,Which of the following will NOT be included in the buyer's guide? -
✔✔✔ Correct Answer > A Specific information about the policy
Which of the following statements regarding HIV testing is NOT true? -
✔✔✔ Correct Answer > Test results must be sent to the Department
of Insurance
Which of the following is NOT a standard exclusion in life insurance
policies? - ✔✔✔ Correct Answer > Disability
A loss resulting from which of the following would qualify for the
accidental death rider coverage? - ✔✔✔ Correct Answer > -an
automobile accident
A new homebuyer wants to purchase a life insurance policy that would
protect his family against losing the home, should he die before the
mortgage was paid. The most inexpensive type of policy that would
accomplish this need would be - ✔✔✔ Correct Answer > Decreasing
term
According to the Fair Credit Reporting Act, all of the following
statements are true EXCEPT... - ✔✔✔ Correct Answer > If an
applicant is declined for an insurance policy, he or she has no right to
know what was in the report
, Contributions to Roth IRA.. - ✔✔✔ Correct Answer > Are not tax
deductible
If an applicant's health is poorer than that of an average applicant, the
policy may be issued.. - ✔✔✔ Correct Answer > A substandard
Which of the following losses would likely be covered under the
Accidental Death rider? - ✔✔✔ Correct Answer > death caused by
head on collision
With Adjustable Life, the owner can change all of the following EXCEPT..
- ✔✔✔ Correct Answer > The insured
All of the following are true of the Survivorship Life policy EXCEPT...- -
✔✔✔ Correct Answer > The premium is based on the age of each
insured
Which of the following are characteristics of term life insurance?... -
✔✔✔ Correct Answer > Temporary protection, renewability, no cash
value
In order to reinstate a life insurance policy the insured must do all of
the following EXCEPT... - ✔✔✔ Correct Answer > pay nexts years
premium in advance
