Pearson Vue Life Insurance Practice TN Exam/ 50 Questions & Correct Answers.
4 views 0 purchase
Course
Pearson Vue Life Insurance Practice TN
Institution
Pearson Vue Life Insurance Practice TN
Pearson Vue Life Insurance Practice TN Exam/ 50 Questions & Correct Answers.
In the event of an insured's death, which of the following provides an income for the family during a designated period of time followed by a lump sum death benefit?
A. Family Income rider
B. Survivorship Life pol...
Pearson Vue Life Insurance Practice TN Exam/
50 Questions & Correct Answers.
In the event of an insured's death, which of the following provides an income for the family
during a designated period of time followed by a lump sum death benefit?
A. Family Income rider
B. Survivorship Life policy
C. Joint Life policy
D. Modified Life policy - Answer: A
Which of the following statements is CORRECT about Group Life conversion privileges?
A. Under the COBRA law, a departing employee may elect to remain a member of the Group Life
plan for a limited period of time.
B. Death during the conversion period is covered even if the departing employee chose not to
convert the policy.
, C. A departing employee must individually pay the premium if the employee elects to be
2
covered during the conversion period.
D. If a departing employee elects to convert a life insurance policy, the insurer must offer Term
insurance as one of the choices. - Answer: B
Which of the following policies is an interest-sensitive form of permanent protection?
A. Universal Life
B. Limited-Pay Life
C. Graded Premium Whole Life
D. Modified Whole Life - Answer: A
Reinstatement of a life insurance policy requires an insured to take all of the following actions
EXCEPT:
A. provide evidence of insurability
B. make collateral assignment to the insurer
C. pay back interest on any outstanding policy loan
D. pay all past-due premiums - Answer: B
Which of the following statements about a Renewable Term policy is CORRECT?
A. It is renewable at the option of the insurer.
B. It is renewable at the option of the insured.
C. It is renewable at the option of the insurer, with proof of insurability.
D.
It is renewable at the option of the insured, with proof of insurability. - Answer: B
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller docmickey. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.79. You're not tied to anything after your purchase.
