Pearson Vue Life Insurance Practice TN Exam/ Questions & Correct Answers.
11 views 0 purchase
Course
Pearson Vue Life Insurance Practice TN
Institution
Pearson Vue Life Insurance Practice TN
Pearson Vue Life Insurance Practice TN Exam/ Questions & Correct Answers. Terms like:
Reinstatement of a life insurance policy requires an insured to take all of the following actions EXCEPT:
A. provide evidence of insurability
B. make collateral assignment to the insurer
C. pay back i...
Pearson Vue Life Insurance Practice TN Exam/
Questions & Correct Answers.
Reinstatement of a life insurance policy requires an insured to take all of the following actions
EXCEPT:
A. provide evidence of insurability
B. make collateral assignment to the insurer
C. pay back interest on any outstanding policy loan
D. pay all past-due premiums - Answer: B
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
2
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
B. Refund only the premiums paid
C. Refund the premiums paid plus interest
D. Pay the Death benefit - Answer: D
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
An applicant for life insurance may question the validity and source of any consumer
information developed under the
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
The PRIMARY reason for selecting a Variable Whole Life policy instead of a traditional Whole
Life policy is that the Variable Whole Life policy:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Benzo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.69. You're not tied to anything after your purchase.
