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PEARSON VUE LIFE INSURANCE EXAM VERSION A, B, C & STUDY GUIDE LATEST UPDATE THIS YEAR ALL 400 QUESTIONS AND CORRECT ANSWERS| click on AVAILABLE IN PACKAGE DEAL. You 'll get more for less! OR SCROLL TO THE BOTTOM RIGHT CORNER AFTER OPENING THIS DOCUMENT T$19.99
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PEARSON VUE LIFE INSURANCE EXAM VERSION A,
B, C & STUDY GUIDE LATEST UPDATE THIS YEAR ALL
400 QUESTIONS AND CORRECT ANSWERS
PEARSON VUE LIFE INSURANCE EXAM VERSION A
QUESTION: 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
QUESTION: If an insured commits suicide after the Suicide clause in the insured's life insurance
policy has expired, the insurer will take which of the following actions?
A.Refuse to pay the Death benefit or refund any premiums
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B.Refund only the premiums paid
C.Refund the premiums paid plus interest
D.Pay the Death benefit - ANSWER-D
QUESTION: Which of the following policy provisions provides for continuation of coverage
despite nonpayment of premiums?
A.Entire Contract
B.Ownership clause
C.Nonforfeiture Option
D.Insuring clause - ANSWER-C
QUESTION: An applicant for life insurance may question the validity and source of any consumer
information developed under the
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A.Medical Information Bureau Disclosure Act
B.Fair Credit Reporting Act (Insurance Information and Privacy Protection Act)
C.Equal Employment Opportunity Act
D.Medicare Act - ANSWER-B
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 - ANSWER-B
QUESTION: A contract that has as its basic function the systematic liquidation of accumulated
assets through periodic payments is called an:
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A.indemnity contract
B.investment contract
C.endowment
D.annuity - ANSWER-D
QUESTION: 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
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