PEARSONVUE LIFE INSURANCE PRACTICE EXAM
UPDATED ACTUAL EXAM COMPLETE QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
The PRIMARY reason for selecting a Variable Whole Life policy instead of a traditional Whole
Life policy is that the Variable Whole Life policy:
Ans: has the potential to earn a higher rate of return on the cash value
Qiz Which of the following statements is CORRECT about the Paid-Up Additions in a
participating Whole Life policy?
Ans: They are purchased on an attained age basis.
,Qiz Which of the following statements is CORRECT about Group Life conversion privileges?
Ans: Death during the conversion period is covered even if the departing employee chose not
to convert the policy.
Qiz 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?
Ans: Pay the Death benefit
Qiz If a policy contains a Guaranteed Insurability rider, the insured has the right to purchase:
Ans: additional coverage at specified ages
Qiz If life insurance policy applicant is classified as a substandard risk, the insurance company
will MOST likely:
, Ans: charge an extra premium
Qiz 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:
Ans: revocable beneficiary
Qiz Which of the following features allows an insurance policy to remain in force for a specified
number of days beyond the premium due date?
Ans: Grace Period provision
Qiz In life insurance, insurable interest must exist at the time the:
Ans: producer writes an application on a proposed insured
UPDATED ACTUAL EXAM COMPLETE QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
The PRIMARY reason for selecting a Variable Whole Life policy instead of a traditional Whole
Life policy is that the Variable Whole Life policy:
Ans: has the potential to earn a higher rate of return on the cash value
Qiz Which of the following statements is CORRECT about the Paid-Up Additions in a
participating Whole Life policy?
Ans: They are purchased on an attained age basis.
,Qiz Which of the following statements is CORRECT about Group Life conversion privileges?
Ans: Death during the conversion period is covered even if the departing employee chose not
to convert the policy.
Qiz 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?
Ans: Pay the Death benefit
Qiz If a policy contains a Guaranteed Insurability rider, the insured has the right to purchase:
Ans: additional coverage at specified ages
Qiz If life insurance policy applicant is classified as a substandard risk, the insurance company
will MOST likely:
, Ans: charge an extra premium
Qiz 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:
Ans: revocable beneficiary
Qiz Which of the following features allows an insurance policy to remain in force for a specified
number of days beyond the premium due date?
Ans: Grace Period provision
Qiz In life insurance, insurable interest must exist at the time the:
Ans: producer writes an application on a proposed insured
