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Pearson Vue Life Insurance Practice Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass (2024 / 2025) $12.99   Add to cart

Exam (elaborations)

Pearson Vue Life Insurance Practice Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass (2024 / 2025)

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  • Course
  • PA Life Insurance
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  • PA Life Insurance

Pearson Vue Life Insurance Practice Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass (2024 / 2025)

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  • August 21, 2024
  • 29
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • pearson vue
  • PA Life Insurance
  • PA Life Insurance
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Pearson Vue Life Insurance Practice Exam.pdf file:///C:/Users/HP/Desktop/NIW/Pearson%20Vue%20Life%20Insu




Pearson Vue Life Insurance Practice Exam

Questions & Answers



1. 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.secondary beneficiary

ANS : B



2. A contract that has as its basic function the systematic liquidation of

accumulated assets through periodic payments is called an:

A.indemnity contract

B.investment contract

C.endowment D.annuity

ANS : D





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3. 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?


A.A copy of the MIB report


B.The insured's signed statement of continued good health


C.A copy of the conditional receipt


D.A copy of the temporary insurance agreement that covered the period between the

application date and the delivery date.

ANS : B




4. An employer can deduct premium payments as an ordinary business ex- pense for

which of the following life coverages?


A. Buy and Sell Agreements

B.Group






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C. Key Employee

D. Joint Life, if the business is named as the beneficiary

ANS : B









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