WISE- Practice Test – Insurance Exam Questions With 100% Correct Answers 2024/2025
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Course
Wise
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Wise
WISE- Practice Test – Insurance Exam Questions With 100% Correct Answers 2024/2025
For the past five years, a person has had a $20,000 whole life insurance policy that has a cash value
clause. The person decides to surrender the policy. At the time of surrender, the person will receive
a calcu...
WISE- Practice Test – Insurance Exam
Questions With 100% Correct Answers
2024/2025
For the past five years, a person has had a $20,000 whole life insurance policy that has a cash value
clause. The person decides to surrender the policy. At the time of surrender, the person will receive
a calculated amount of money which includes the premiums paid as well as the interest on that
money.
A woman has just received a very expensive piece of jewelry. The woman has homeowner's
insurance. Which statement would it be most appropriate for her to make to her insurance agent?
"I think I need a personal property floater."
A person buys a flat screen, plasma, theater-like television. The person has homeowner's insurance.
Why would it be appropriate to add a personal property floater to that insurance?
To cover the cost of replacement should the television get damaged or stolen.
We have an expert-written solution to this problem!
The only type of life insurance that does not develop a cash value is
Term life insurance
Which statement does NOT accurately describe a characteristic of cash value for whole life
Insurance?
Policy that accumulates cash value is less expensive than a policy that does not accumulate cash
value
When Jessie needs health care, she must first go to her primary care physician who coordinates her
care and decides whether Jessie should see a specialist. Jessie pays $10 as the co-pay when she
sees her primary care doctor. Jessie has which type of health insurance?
Managed care health plan
Sally's health insurance policy requires her to pay the first $500 of medical costs each year before the
company will pay any of her medical bills. This policy provision is the
Annual deductible
Ben's truck is crushed by a hit-and-run driver. Scott is hit by an uninsured driver. How will they
receive payments?
Uninsured or no-fault motorist coverage
Insurance is frequently described as a method of "sharing the risk" because the
Insured shares the risk of loss with all the other policy holders
Neil will be traveling by air in Southeast Asia for a six-week vacation. Which step will not provide
protection during the trip?
Take his passport
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