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PA Life Insurance Exam (2024 / 2025) Actual Questions with Verified Answers, 100% Guarantee Pass
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PA Life Insurance Exam (2024 / 2025) Actual Questions with Verified Answers, 100% Guarantee Pass
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PA Life Insurance Exam.pdf file:///C:/Users/HP/Desktop/NIW/PA%20Life%20Insurance%20ExamPA Life Insurance Exam Questions & Answers
1. Single premium cash value policy can be described as..
ANS a policy that is paidup only after one payment
2. All of the following are considered appropriate uses of life insurance..
ANS -attracting quality employees by offering a group life plan
- protecting the business by covering key employees with life insurance
- funding an entity buy sell agreement
3. The do not call list offers exemption from all except
ANS life insurance
4. Ken is a producer who has consumer info reports under false pretenses under the fair
credit reporting act, what is the max penalty..
ANS $5000 & 1 year injail
5. Which type of annuity guarantees a stated number of income paymentswhether or
not the annuitant is still alive to receive it
ANS life annuity certain
6. In what part of the policy are the policy benefits found
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,PA Life Insurance Exam.pdf file:///C:/Users/HP/Desktop/NIW/PA%20Life%20Insurance%20Exam
ANS conditions
7. Commissioner is responsible for all of the following..
ANS - issue cease & desistorders
- conduct hearings
- regulate premium rates
8. Maria would like an annuity that provides a guaranteed accumulation orpayout.The
type of annuity she is seeking is called..
ANS annuity certain
9. Which type of rider will waive the premium on a child's life insurance policyif the
parent paying the premium dies?
ANS guaranteed insurability
10. Pat owns a 20 pay life policy with a paid dividend option. Which of the following
statements is true?
ANS the policy may be paid up early by using policydividends
11. A renewable term life insurance policy can be renewed
ANS anytime the policyowners request
12. What would a be an expense factor in an insurance program
ANS mortality costs
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