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PEARSON VUE LIFE INSURANCE EXAM 2 2024 ( VERSION A & B ) WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+ |LATEST UPDATE | GUARANTEED PASS$25.99
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PEARSON VUE LIFE INSURANCE EXAM 2 2024 ( VERSION A & B ) WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+ |LATEST UPDATE | GUARANTEED PASS
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Course
PEARSON VUE LIFE INSURANCE
Institution
PEARSON VUE LIFE INSURANCE
PEARSON VUE LIFE INSURANCE EXAM 2
2024 ( VERSION A & B ) WITH ACTUAL
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS |FREQUENTLY TESTED
QUESTIONS AND SOLUTIONS |ALREADY
GRADED A+ |LATEST UPDATE |
GUARANTEED PASS
1 | P a g e PEARSON VUE LIFE INSURANCE EXAM 2 2024 ( VERSION A & B ) WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+ |LATEST UPDATE | GUARANTEED PASS A payor benefit rider provides which of the following benefits A.A disability income benefit payable to the payor if the payor becomes disabled B.A permanent waiver of premium should the payor die C.A temporary waiver of premium should the payor die, until the insured reaches a predetermined age D.A double indemnity Death benefit payable to the beneficiary upon the death of the payor C Two business partners own life insurance on each other. If one partner dies, which of the following contracts will allow the other partner to buy 100 percent of t he business interest? A.Buy and Sell Agreement B.Key Employee Life policy C.Survivorship Life D.Joint and Several Annuity A If life insurance policy applicant is classified as a substandard risk, the insurance company will MOST likely: A.issue the pol icy with riders B.charge an extra premium 2 | P a g e C.require an annual medical examination D.lower the rate per thousand charged B When a producer submits an insurance application to the company, the producer must take all of the following actions EXCEPT: A.sub mit the initial premium, if it was collected B.ensure any changes on the application were initialed by the applicant C.submit a completed medical information report D.complete the producer's report C In life insurance, the Free Look provision begins on the: A.effective date of coverage B.policy delivery date C.date of application D.date that the insurer issues the policy B A client needs a substantial amount of protection but has limited financial resources. Which of the following insurance policies would BEST meet the client's needs? A.Term Life B.Adjustable Life C.Whole Life D.Limited -Pay Life A A life policy is usually contestable due to material misrepresentation on the application for a period of: A.30 days 3 | P a g e B.6 months C.2 years D.5 years C Which of the following statements is CORRECT about the Paid -Up Additions in a participating Whole Life policy? A.They are subject to underwriting approval. B.They do not generate dividends. C.They are considered Term policies. D.They are purchased on an attained age basis. D In which of the following contracts is the Death benefit called the principal sum? A.Survivorship Annuity B.Accidental Death and Dismemberment (AD&D) C.Decreasing Term D.Joint Life B At which of the following times MUST a life insurance applicant be informed of their rights under the Fair Credit Reporting Act? A.During the initial appointment B.When the insured's application is completed C.When the policy is delivery D.Upon initial premium receipt C 4 | P a g e R has just graduated fro m law school. R knows that R's future earnings will be much higher than they are now, but wants to purchase a permanent policy now to cover future needs. Which of the following policies would BEST suit R's needs? A.Return of Premium Life B.Life Paid -Up a t 65 C.Modified Whole Life D.Annual Renewable Term C Federal income tax laws generally treat proceeds of life insurance policies as: A.graduated taxes B.deferred taxes C.nontaxable D.tax credits C Which of the following policy provisions states that t he application is part of the policy? A.Entire contract B.Ownership clause C.Nonforfeiture option C D.Assignment clause A A type of annuity in which the cash values are invested in securities is called: A.Variable B.Deferred C.Fixed D.Joint and surv ivorship
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