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life insurance Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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which approach considers the future needs of the survivors in determining amounts of life insurance? -:- human life value approach what is insurable interest required? -:- at time of application which of the following is not an illegal document? -:- giving the insured an article of mercha...

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  • September 6, 2024
  • 27
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • life insurance questions 100 correct answers
  • which approach considers the future needs of the s

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2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!



life insurance Questions & 100% Correct
Answers- Latest Test | Graded A+ | Passed
which approach considers the future needs of the survivors in determining amounts of life

insurance?


✓ -:- human life value approach




what is insurable interest required?


✓ -:- at time of application




which of the following is not an illegal document?


✓ -:- giving the insured an article of merchandise printed with the producers name

costing $$




which of the following is not true about converting a group policy to an individual policy?


✓ -:- proof of insurability will be required




the period during which an annuitant beginsto receive income payments from an insurer is

known as


✓ -:- annuitization period




1|Page | Grade A+| 2024/2025

,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

all of the following are examples of flexible life insurance policies except


✓ -:- whole life




which is the simplest type of life insurance plan that provides protection


✓ -:- level term life insurance




which of the following is the time of period after which is life insurance policy is considered

incontestable


✓ -:- period ends after 2 years




which of the following statements best describes a single premium cash value policy


✓ -:- it requires one payment to make the policy paid up




term life insurance differs from permamnent life in the most that most often, term life

insurance


✓ -:- remains in force for a specific period of time




which activity does not require an insurance producers license


✓ -:- underwriting




2|Page | Grade A+| 2024/2025

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

Which nonforfeiture option allows the policy owner to purchase less coverage for life.


✓ -:- reduced-paid option




which type of annuity guarantees a level benefit payment


✓ -:- fixed




If the annuitant dies before the annuity start date, the interest earned is


✓ -:- taxable




For a contract to be valid


✓ -:- include an offer and acceptance




which of the following is not an example of a producer duties


✓ -:- represent the insured




if a proucer is found guilty of signing an application name, the commisioner can do all of the

following except


✓ -:- require the producer to tell the client




if an annuitant is making premium payments on a periodic which type of annuity

3|Page | Grade A+| 2024/2025

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