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Life Insurance Bundled Exams Questions and Answers (Multiple Versions with Certified Solutions)
Life Insurance Bundled Exams Questions and Answers (Multiple Versions with Certified Solutions)
[Show more]Life Insurance Bundled Exams Questions and Answers (Multiple Versions with Certified Solutions)
[Show more]LIFE INSURANCE PRACTICE EXAM QUESTIONS AND ANSWERS 100% PASS 
The reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Insurable Receipt 
Statements in the application for insurance that are believed to be true to the best o...
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Add to cartLIFE INSURANCE PRACTICE EXAM QUESTIONS AND ANSWERS 100% PASS 
The reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Insurable Receipt 
Statements in the application for insurance that are believed to be true to the best o...
Life Insurance Latest 2023 with Complete Solutions Traditional Whole Life Products Ordinary straight life Limited-Pay Single-Premium Life Adjustable Life 
Straight Life basic policy that charges a level annual premium for the lifetime of the insured and provides a level, guaranteed benefit 
Limited-...
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Add to cartLife Insurance Latest 2023 with Complete Solutions Traditional Whole Life Products Ordinary straight life Limited-Pay Single-Premium Life Adjustable Life 
Straight Life basic policy that charges a level annual premium for the lifetime of the insured and provides a level, guaranteed benefit 
Limited-...
Life insurance exam questions and answers rated A+ life insurance insurance that pays to a named beneficiary or the deceased's estate upon the death of the insured,may b annuity or endowment, may incl benef for accident death/dismemberment, disability, protects against risk pf premature death which...
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Add to cartLife insurance exam questions and answers rated A+ life insurance insurance that pays to a named beneficiary or the deceased's estate upon the death of the insured,may b annuity or endowment, may incl benef for accident death/dismemberment, disability, protects against risk pf premature death which...
Life Insurance Exam Questions and Answers Already Passed 
J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? 
A: The insurer ...
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Add to cartLife Insurance Exam Questions and Answers Already Passed 
J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? 
A: The insurer ...
Life insurance - practice test questions with complete solutions 
A special characteristic of insurance contract where equal value is not exchanged between parties is known as: Aleatory 
Life insurance contracts are ___ agreements Unilateral 
What is the proper definition of "take it or leave it" ...
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Add to cartLife insurance - practice test questions with complete solutions 
A special characteristic of insurance contract where equal value is not exchanged between parties is known as: Aleatory 
Life insurance contracts are ___ agreements Unilateral 
What is the proper definition of "take it or leave it" ...
Life Insurance Exam Prep Questions and Answers Rated A+ Primary purpose for a rating service company such as A.M best? To determine financial strength of an insurance company 
Primary reason for buying life insurance? Provide death benefits 
What is described as an insurers ability to make unpredict...
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Add to cartLife Insurance Exam Prep Questions and Answers Rated A+ Primary purpose for a rating service company such as A.M best? To determine financial strength of an insurance company 
Primary reason for buying life insurance? Provide death benefits 
What is described as an insurers ability to make unpredict...
Life & Health Insurance Exam Prep (2023/2024) Already Graded A Basic Medical Expense policies Provide coverage for Hospital, Surgical and Physicians Medical Expense. -Purchased as a individual or group policy. -provide first dollar coverage (no deductibles). -limited benefit periods and low coverage...
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Add to cartLife & Health Insurance Exam Prep (2023/2024) Already Graded A Basic Medical Expense policies Provide coverage for Hospital, Surgical and Physicians Medical Expense. -Purchased as a individual or group policy. -provide first dollar coverage (no deductibles). -limited benefit periods and low coverage...
Life Insurance Exam (2023/2024) 100% Pass 
At what point must a life insurance applicant be informed of their rights to fall under the Fair Credit Reporting Act? Upon completion of the application 
Who elects the governing body of a mutual insurance company? Policyholders 
An insurance applicant MUS...
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Add to cartLife Insurance Exam (2023/2024) 100% Pass 
At what point must a life insurance applicant be informed of their rights to fall under the Fair Credit Reporting Act? Upon completion of the application 
Who elects the governing body of a mutual insurance company? Policyholders 
An insurance applicant MUS...
Life Insurance Practice Exam Questions and Answers Already Graded A 
The ownership provision entities the policy owner to do all of the following EXCEPT 
a) Assign the policy. 
b) Designate a beneficiary. 
c) Set premium rates. d) Receive a policy loan. c) Set premium rates. 
The insurer sets premiu...
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Add to cartLife Insurance Practice Exam Questions and Answers Already Graded A 
The ownership provision entities the policy owner to do all of the following EXCEPT 
a) Assign the policy. 
b) Designate a beneficiary. 
c) Set premium rates. d) Receive a policy loan. c) Set premium rates. 
The insurer sets premiu...
Life Insurance Terms Latest Update 100% Correct Accelerated benefits rider may be added to a life insurance policy that permits the policy owner to "accelerate" or receive a certain percentage of the death benefit while the insured is still alive when he or she has been diagnosed with a terminal i...
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Add to cartLife Insurance Terms Latest Update 100% Correct Accelerated benefits rider may be added to a life insurance policy that permits the policy owner to "accelerate" or receive a certain percentage of the death benefit while the insured is still alive when he or she has been diagnosed with a terminal i...
Life Insurance Producer/Agent Practice Exam Questions and Answers Graded A Life insurance helps meet estate planning objectives because it is: a liquid asset at death 
Which one of the following statements about a life insurance policy rider regarding waiver of premiums and disability income is true...
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Add to cartLife Insurance Producer/Agent Practice Exam Questions and Answers Graded A Life insurance helps meet estate planning objectives because it is: a liquid asset at death 
Which one of the following statements about a life insurance policy rider regarding waiver of premiums and disability income is true...
Life Insurance License Exam Latest 2023 Graded A Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. 
Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to dete...
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Add to cartLife Insurance License Exam Latest 2023 Graded A Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. 
Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to dete...
Life Insurance Final Exam Questions and Answers Already Passed A person who is in good health and does not drink nor smoke is considered a preferred risk 
Upon death of an annuitant during the accumulation period of a deferred annuity, the proceeds: Are taxable to the beneficiary above the annuitant...
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Add to cartLife Insurance Final Exam Questions and Answers Already Passed A person who is in good health and does not drink nor smoke is considered a preferred risk 
Upon death of an annuitant during the accumulation period of a deferred annuity, the proceeds: Are taxable to the beneficiary above the annuitant...
Life Insurance chapter 4 2023/2024 Rated A term insurance temporary, only provides coverage for a specific period of time 
pure life insurance is also known as term life insurance 
tem policies provide the greatest amount of coverage for the lowest amount of premium 
pure death protection if the ins...
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Add to cartLife Insurance chapter 4 2023/2024 Rated A term insurance temporary, only provides coverage for a specific period of time 
pure life insurance is also known as term life insurance 
tem policies provide the greatest amount of coverage for the lowest amount of premium 
pure death protection if the ins...
Life insurance questions for exam with complete solutions 
A nonparticipating whole life insurance policy was surrendered for its $20,000 cash value. The total premiums paid had totaled $16,000. What were the federal income tax consequences to the policyowner on receipt of the cash value? $16,000 wa...
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Add to cartLife insurance questions for exam with complete solutions 
A nonparticipating whole life insurance policy was surrendered for its $20,000 cash value. The total premiums paid had totaled $16,000. What were the federal income tax consequences to the policyowner on receipt of the cash value? $16,000 wa...
Chapter 5: Life Insurance Questions and Answers Already Passed Insurable Interest Imposed by law to prevent gaming/wagering. 1)Personal 2)Business 
What is the PURPOSE of Insurable Interest? We don't want people to profit off the death of someone there is no financial interest in. 
(4) Personal Par...
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Add to cartChapter 5: Life Insurance Questions and Answers Already Passed Insurable Interest Imposed by law to prevent gaming/wagering. 1)Personal 2)Business 
What is the PURPOSE of Insurable Interest? We don't want people to profit off the death of someone there is no financial interest in. 
(4) Personal Par...
General Life Insurance Latest 2023 Graded A insurance transfer of responsibility in exchange for premium 
risk the possibility or chance something could happen 
exposure the amount of loss 
hazard situation that increases the possibility of the loss occurring 
peril cause of the loss 
loss reduction...
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Add to cartGeneral Life Insurance Latest 2023 Graded A insurance transfer of responsibility in exchange for premium 
risk the possibility or chance something could happen 
exposure the amount of loss 
hazard situation that increases the possibility of the loss occurring 
peril cause of the loss 
loss reduction...
Pearson Vue Life Insurance Practice Exam Questions and Answers Rated A 
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: 
A.irrevocable beneficiary 
B.revocable beneficiary 
C.seco...
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Add to cartPearson Vue Life Insurance Practice Exam Questions and Answers Rated A 
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: 
A.irrevocable beneficiary 
B.revocable beneficiary 
C.seco...
NY Life Insurance Exam Review Questions and Answers 100% Pass 
Based on the Human Life Value Approach, which of the following is NOT used to calculate an individual's life value? 
A. Insured's annual expenses 
B. Effect of inflation on income over time 
C. Predicted needs of the family after the i...
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Add to cartNY Life Insurance Exam Review Questions and Answers 100% Pass 
Based on the Human Life Value Approach, which of the following is NOT used to calculate an individual's life value? 
A. Insured's annual expenses 
B. Effect of inflation on income over time 
C. Predicted needs of the family after the i...
Life insurance Questions and Answers Rated A+ 
lucas owns a property that he uses as his principal residence. he resides in the property with his 20 yrs old son Jake. the property has $250,000 mortgage registered against it. upon his death, lucas would like to gift the property to his son takes over...
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Add to cartLife insurance Questions and Answers Rated A+ 
lucas owns a property that he uses as his principal residence. he resides in the property with his 20 yrs old son Jake. the property has $250,000 mortgage registered against it. upon his death, lucas would like to gift the property to his son takes over...
Texas Life Insurance Exam Questions and Answers Graded A+ 
P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when P receives the policy and pays the premium 
A potential client, age 40, would like to purchase a W...
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Add to cartTexas Life Insurance Exam Questions and Answers Graded A+ 
P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when P receives the policy and pays the premium 
A potential client, age 40, would like to purchase a W...
Life Insurance Exam (Texas) (2023/2024) Graded A+ 
Insurance (General concept) - transfers the risk of loss from an individual to an insurer - based on the principle of indemnity - based on the principle of risk (risk pooling) 
insurable interest (General Concept) - must exist at the time of the app...
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Add to cartLife Insurance Exam (Texas) (2023/2024) Graded A+ 
Insurance (General concept) - transfers the risk of loss from an individual to an insurer - based on the principle of indemnity - based on the principle of risk (risk pooling) 
insurable interest (General Concept) - must exist at the time of the app...
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