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life insurance Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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Life insurance replacement regulation is designed to protect the interests of the _____ -:- policy owner Which product would best serve a retired individual looking to invest a lump-sum of money through an insurance compant? -:- Annuity Characteristics of an Adjustable Life policy -:- Adj...

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  • September 6, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • life insurance questions 100 correct answers
  • life insurance replacement regulation is designed

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  • Life Insurance
  • Life Insurance

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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
Life insurance replacement regulation is designed to protect the interests of the _____


✓ -:- policy owner




Which product would best serve a retired individual looking to invest a lump-sum of money

through an insurance compant?


✓ -:- Annuity




Characteristics of an Adjustable Life policy


✓ -:- Adjustable premiums, adjustable premium payment period, and combination of

term and whole life insurance




The Consideration clause in a life insurance policy indicates that a policyowner's

consideration consists of a completed application and ____


✓ -:- the initial premium




A producer who fails to renew a license may reapply for a license w/o examination

within____ year with____




1|Page | Grade A+| 2024/2025

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

✓ -:- 1 year/ no renewal with $50 late fee




What action can a policyowner take if an application for a bank loan requires collateral?


✓ -:- assign policy ownership to the bank




an insured's inability to perform two or more activities of daily living may trigger which type

of policy rider?


✓ -:- Long term care




What is the consideration given by an insurer in th Consideration clause of a life policy?


✓ -:- Promise to pay a death benefit to a named beneficiary




A person who is insured within a group contract will be given a:


✓ -:- certificate




A term life insurance policy matures:


✓ -:- upon the insured's death during the term of the policy




A _____ Life policy offers the owner investment in products such as money-market funds,

long term bonds and equities


2|Page | Grade A+| 2024/2025

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