PearsonVue Life Insurance Practice Exam With Solutions 100% Solved
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PearsonVue Life Insurance
Institution
PearsonVue Life Insurance
PearsonVue Life Insurance Practice Exam
With Solutions 100% Solved
If life insurance policy applicant is classified as a substandard risk, the insurance company will
MOST likely: charge an extra premium
P wants to name her husband as the beneficiary of her life policy. However, she wishes to r...
PearsonVue Life Insurance Practice Exam
With Solutions 100% Solved
If life insurance policy applicant is classified as a substandard risk, the insurance company will
MOST likely: charge an extra premium
P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain
all of the rights of ownership. P should have her husband named as the: revocable
beneficiary
Which of the following features allows an insurance policy to remain in force for a specified
number of days beyond the premium due date? Grace Period provision
In life insurance, insurable interest must exist at the time the: producer writes an
application on a proposed insured
Which of the following terms refers to the transfer of some or all of the ownership rights of a life
insurance policy from one individual to another? Assignment
Which of the following statements about a Renewable Term policy is CORRECT? It is
renewable at the option of the insured.
, PearsonVue Life Insurance Practice Exam
With Solutions 100% Solved
Two business partners own life insurance on each other. If one partner dies, which of the
following contracts will allow the other partner to buy 100 percent of the business interest?
Buy and Sell Agreement
An insured intentionally understates her age on her application for a life policy. At death, the
insurer will take which of the following actions? Pay a reduced Death benefit based on the
insured's actual age
An applicant's statements on an application are considered to be legal: representations
A contract that promises to pay an income to an insured until his/her death is called: Life
Annuity
An employer can deduct premium payments as an ordinary business expense for which of the
following life coverages? Group
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