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Pearson Vue Comprehensive Exam Part 12024 Questions & Completed Answers.
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Pearson Vue Comprehensive Exam Part 12024 Questions & Completed Answers.
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PearsonVue
Comprehensive
Exam
Part
1
Admitted
life
insurance
must
pay
interest,
at
a
rate
specified
by
life,
on
death
benefits
from
the
date
of
the
insured's
death,
through
how
many
days
following
the
date
the
insurer
receives
the
claim?
a.
15
days
b.
20
days
c.
30
days
d.
31
days
-
ANS
c.
30
days
The
policy
loan
amount
cannot
exceed
the
__________________.
a.
The
cumulative
premiums
paid
b.
The
loan
balance
c.
Available
cash
surrender
value
d.
The
face
amount
of
the
policy
-
ANS
c.
Available
cash
surrender
value
The
State's
______________
branch
enforces
the
existing
statues
that
have
been
in
place.
a.
Executive
b.
Judicial
c.
Electoral
d.
Legislativec
-
ANS
c.
Executive
A(n)___________
plan
calls
for
the
business
to
purchase
life
insurance
policies
on
each
of
the
business
owners.
a.
Cross
Purchase
b.
Entity
c.
Group
d.
Credit
Protection
-
ANS
b.
Entity
Which
of
the
following
is
true
about
group
life
insurance
death
benefits?
a.
If
a
person
dies
during
the
conversion
period
and
no
premium
has
been
paid,
no
death
benefit
will
be
paid
b.
If
no
beneficiary
is
named
on
a
policy,
the
death
benefit
will
not
pay
for
the
burial
expenses
c.
The
death
benefit
is
not
liable
to
garnishment
or
debts
without
the
insured's
directive
d.
A
beneficiary
of
a
group
life
policy
must
share
the
proceeds
with
a
judgement
from
a
judicial
proceeding
-
ANS
c.
The
death
benefit
is
not
liable
to
garnishment
or
debts
without
the
insured's
directive
All
of
the
follow
are
TRUE
regarding
non-qualified
retirement
plans,
except:
a.
Contributions
are
not
tax
deductible
b.
Upon
withdrawal
only
the
earnings
are
subject
to
taxation.
c.
Contributions
are
immediately
tax
deductible d.
Earnings
can
be
tax
deferred
until
withdrawn
-
ANS
c.
Contributions
are
immediately
tax
deductible
All
of
the
following
are
correct
pertaining
to
Decreasing
Term,
except:
a.
The
premium
declines
throughout
the
term
of
the
policy
b.
Its
most
common
uses
is
in
credit
life
insurance
c.
The
death
benefit
decreases
d.
The
premium
stays
level
-
ANS
a.
The
premium
declines
throughout
the
term
of
the
policy
Which
of
the
following
is
a
type
of
rating
that
does
not
involve
an
extra
premium
being
assessed?
a.
The
lien
plan
b.
The
flat
rate
c.
Rated
up
at
age
d.
Sub-standard
-
ANS
a.
The
lien
plan
Which
of
the
following
Annuities
would
potentially
be
the
most
negatively
impacted
by
the
overall
stock
market
failing
in
values?
a.
Indexed
b.
Variable
c.
Fixed
d.
Market
adjusted
annuity
-
ANS
b.
Variable
When
calculating
premium
of
life
insurance
policies,
insurers
assume
all
of
the
following,
except:
a.
Premiums
are
paid
in
advance
b.
Premiums
will
be
invested
and
earn
interest
c.
The
actual
life
expectancy
of
each
group
of
insured's
d.
Claims
are
paid
at
year
end
-
ANS
c.
The
actual
life
expectancy
of
each
group
of
insured's
The
Social
Security
Survivor
Benefit
is
the
amount
of
_________
that
may
be
expected
from
the
Primary
Insurance
Amount
(PIA)
of
the
insured.
a.
Death
benefit
proceeds
b.
Income
c.
Tax
Refund
d.
Indemnification
-
ANS
b.
Income
On
a
variable
universal
life
policy
what
is
the
difference
between
the
cash
value
and
the
cash
surrender
values?
a.
The
interest
earned
b.
The
surrender
charge
c.
The
investment
performance
d.
The
amount
of
any
outstanding
policy
loan
-
ANS
b.
The
surrender
charge
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