Pearson Vue Comprehensive Exam Part 1 With Solutions 100% Solved
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PearsonVue Life Insurance
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PearsonVue Life Insurance
Pearson Vue Comprehensive Exam Part 1
With Solutions 100% Solved
Which of the following is true about group life insurance death benefits?
a. If a person dies during the conversion period and no premium has been paid, no death benefit
will be paid
b. If no beneficiary is named on a policy, th...
Pearson Vue Comprehensive Exam Part 1
With Solutions 100% Solved
Which of the following is true about group life insurance death benefits?
a. If a person dies during the conversion period and no premium has been paid, no death benefit
will be paid
b. If no beneficiary is named on a policy, the death benefit will not pay for the burial expenses
c. The death benefit is not liable to garnishment or debts without the insured's directive
d. A beneficiary of a group life policy must share the proceeds with a judgement from a judicial
proceeding c. The death benefit is not liable to garnishment or debts without the insured's
directive
All of the follow are TRUE regarding non-qualified retirement plans, except:
a. Contributions are not tax deductible
b. Upon withdrawal only the earnings are subject to taxation.
c. Contributions are immediately tax deductible
d. Earnings can be tax deferred until withdrawn c. Contributions are immediately tax
deductible
All of the following are correct pertaining to Decreasing Term, except:
, Pearson Vue Comprehensive Exam Part 1
With Solutions 100% Solved
a. The premium declines throughout the term of the policy
b. Its most common uses is in credit life insurance
c. The death benefit decreases
d. The premium stays level a. The premium declines throughout the term of the policy
Which of the following is a type of rating that does not involve an extra premium being
assessed?
a. The lien plan
b. The flat rate
c. Rated up at age
d. Sub-standard a. The lien plan
Which of the following Annuities would potentially be the most negatively impacted by the
overall stock market failing in values?
a. Indexed
b. Variable
c. Fixed
d. Market adjusted annuity b. Variable
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