Pearson Vue Life Insurance Practice Exam Questions and verified Answers
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:
A contract that has as its basic function the system...
pearson vue life insurance practice exam questions and verified answers
pearson vue life insurance practice
p wants to name her husband as the beneficiary of her life policy however
École, étude et sujet
Life insurance
Life insurance
2
revues
Par: liscanovictoria02 • 1 semaine de cela
Par: sierrasymonesavannah • 7 mois de cela
Vendeur
S'abonner
ElevatedExcellence
Avis reçus
Aperçu du contenu
Pearson Vue Life Insurance Practice Exam
Questions and verified Answers
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:
A.irrevocable beneficiary
B.revocable beneficiary
C.secondary beneficiary CORRECT ANSWERS B
A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an:
A.indemnity contract
B.investment contract
C.endowment
D.annuity CORRECT ANSWERS D
An insurance producer takes an application for a life insurance policy but does not collect the initial premium. On delivery of the policy to the proposed insured, the producer must collect the initial premium and which of the following?
A.A copy of the MIB report
B.The insured's signed statement of continued good health
C.A copy of the conditional receipt
D.A copy of the temporary insurance agreement that covered the period between the application date and the delivery date. CORRECT ANSWERS B
An employer can deduct premium payments as an ordinary business expense for which of the following life coverages?
A.Buy and Sell Agreements B.Group
C.Key Employee
D.Joint Life, if the business is named as the beneficiary CORRECT ANSWERS B
A producer takes applications from identical twins who want to buy the same type of policy in the same amount. The insurer issues the policies as applied for, but charges a 25 percent higher premium for one of the policies. The difference in premiums is probably due to which of the following factors?
A.Incontestability
B.Insurable interest
C.Consideration
D.Risk classification CORRECT ANSWERS D
In the event of an insured's death, which of the following provides an income for the family during a designated period of time followed by a lump sum death benefit?
A.Family Income rider
B.Survivorship Life policy
C.Joint Life policy
D.Modified Life policy CORRECT ANSWERS A
Which of the following statements is CORRECT about Group Life conversion privileges?
A.Under the COBRA law, a departing employee may elect to remain a member of the Group Life plan for a limited period of time.
B.Death during the conversion period is covered even if the departing employee chose not to convert the policy.
C.A departing employee must individually pay the premium if the employee elects to be covered during the conversion period.
D.If a departing employee elects to convert a life insurance policy, the insurer must offer Term insurance as one of the choices. CORRECT ANSWERS B
Which of the following policies is an interest-sensitive form of permanent protection?
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur ElevatedExcellence. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €11,38. Vous n'êtes lié à rien après votre achat.