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Life & Health Insurance Exam Practice Questions and Answers
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Life & Health Insurance Exam Practice Questions and Answers An insurer invests the money it receives from premiums paid by its insureds. Which of the following is TRUE regarding the interest earned on these investments? - Answer️️ -it is used to lower premiums Which is the appropriate acti...

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Document information

  • September 1, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • page 1 of 12 life health insurance exam practice

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  • Life insurance
  • Life insurance

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SophiaBennett

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©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

, Life & Health Insurance Exam Practice
Questions and Answers


An insurer invests the money it receives from premiums paid by its insureds. Which of

the following is TRUE regarding the interest earned on these investments? -

Answer✔️✔️-it is used to lower premiums


Which is the appropriate action by the insurer if a prospective insured submitted an

incomplete application? - Answer✔️✔️-return the application to the applicant for

completion

What does "liquidity" refer to in a life insurance policy? - Answer✔️✔️-cash values can be

borrowed at any time

In the transaction of insurance, which of the following is considered to be representing

the client? - Answer✔️✔️-the broker

In insurance transactions, fiduciary responsibility means - Answer✔️✔️-handling insurer

funds in a trust capacity

A Universal Life Insurance policy is best described as an - Answer✔️✔️-Annually

Renewable Term policy with a cash value account

Variable Life Insurance is based on what kind of premium? - Answer✔️✔️-level fixed

In life insurance policies, cash value increases - Answer✔️✔️-grow tax deferred




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