Pearson Vue Life Insurance Practice TN Exam/ 50 Questions & Correct Answers.
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Pearson Vue Life Insurance Practice TN
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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
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