INDIANA LIFE & HEALTH INSURANCE EXAM
LATEST WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS
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76-100
76. Which statement is correct regarding the premium
payment schedule for whole life policies?
Premiums are payable throughout the insured's lifetime/ coverage
lasts until death of the insured.
77. A(n) ________ life policy offers the owner investment in
products such as money-market funds, long-term bonds, and
equities.
Variable
78. Which statement about a whole life policy is true?
Cash value may be borrowed against.
79. Which provision allows the policyowner to change a term
life policy to a permanent one without providing proof of good
health?
Conversion
80. Whole Life insurance is sometimes referred to as
"Straight Life." What does the word "straight" indicate when
using this phrase?
The duration of premium payments.
81. Y purchased $100,000 worth of permanent protection on
himself and $50,000 worth of 10-year Term coverage for his
wife on the same policy. Which of these policies did Y
purchase?
Whole life policy with an other insured rider.
82. P owns a $25,000 Life Policy that pays the face amount to
him if he lives to age 70, or to his beneficiary if he dies before
age 70. What kind of policy does P own?
Endowment at age 70.
83. S, age 40, is looking to buy a Life Insurance policy that
will allow for increases or decreases in coverage as his needs
LATEST WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS
ALREADY GRADED A+ 100% GUARANTEED PASS!
76-100
76. Which statement is correct regarding the premium
payment schedule for whole life policies?
Premiums are payable throughout the insured's lifetime/ coverage
lasts until death of the insured.
77. A(n) ________ life policy offers the owner investment in
products such as money-market funds, long-term bonds, and
equities.
Variable
78. Which statement about a whole life policy is true?
Cash value may be borrowed against.
79. Which provision allows the policyowner to change a term
life policy to a permanent one without providing proof of good
health?
Conversion
80. Whole Life insurance is sometimes referred to as
"Straight Life." What does the word "straight" indicate when
using this phrase?
The duration of premium payments.
81. Y purchased $100,000 worth of permanent protection on
himself and $50,000 worth of 10-year Term coverage for his
wife on the same policy. Which of these policies did Y
purchase?
Whole life policy with an other insured rider.
82. P owns a $25,000 Life Policy that pays the face amount to
him if he lives to age 70, or to his beneficiary if he dies before
age 70. What kind of policy does P own?
Endowment at age 70.
83. S, age 40, is looking to buy a Life Insurance policy that
will allow for increases or decreases in coverage as his needs
