Pearson Vue Life Insurance Study guides, Class notes & Summaries

PEARSON VUE LIFE INSURANCE PRACTICE EXAM NEW VERSION QUESTIONS AND ANSWERS ALREADY GRADED A+

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 answer 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 answer D...

Casualty PearsonVUE Practice Tests Exam Questions With 100% Correct Answers A private passenger auto policy may be canceled more than sixty days after the effective date for what reason? (i.e. drivers license status) - answerSuspension of the insured's driver's license An insurance company may deny an employee's claim for Workers Compensation benefits if the employee was: - answerdrunk and caused the injury Under the automobile insurance plan (AIP), all of the following coverage's are...

Life Insurance Practice Exam Questions With 100% Correct Answers The ownership provision entities the policy owner to do all of the following EXCEPT a) Assign the policy. b) Designate a beneficiary. c) Set premium rates. d) Receive a policy loan. - answerc) Set premium rates. The insurer sets premium rates based upon underwriting considerations. Which of the following protects consumers against the circulation of inaccurate or obsolete personal or financial information? a) The Guaranty...

Life Insurance Practice Exam Questions With 100% Correct Answers jason is the insured in a 100,000 10 year long renewable term policy. Soon after taking out the policy, he develops a serious heart condition. will he be able to renew his policy? - answeryes which policy has the lowest annual premium? - answerwhole life the primary purpose of an annuity is to - answerprovide income for an individuals retirement under what circumstance would an insurance applicant be asked to submit a signe...

LIFE INSURANCE PRACTICE EXAM Questions With 100% Correct Answers Insurable Receipt - answerThe reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations - answerStatements in the application for insurance that are believed to be true to the best of the applicants knowledge are Provide the annuitant with an interest rate that is lesser of the guaranteed or current rate - answerAn annuity is considered fi...

Life, Accident and Health Final Exam Questions With 100% Correct Answers Which of the following provides benefits for the treatment of gum disease? A. Endodontics B. Orthodontics C. Periodontics D. Prosthodontics - answerC. Periodontics The Insured and primary beneficiary die in a common accident. The insured dies at the scene and the beneficiary dies thirty six days later. To whom is the $250k death benefit paid? A. The State Department of Revenue B. The Contingent Beneficiary C. The...

Life, Accident and Health Pearson Final Exams - Exam 5 Questions With 100% Correct Answers Which of the following health insurance policy provisions allows an insurer to deny a claim that does not occur during the policy period? AReinstatement provision BInsuring clause COwnership provision DConsideration clause - answerB insuring clause The insuring clause specifies the time frame of the policy period which is generally one year. Therefore, accidents or illnesses occurring prior to th...

NC Health Insurance Exam Pearson Vue Questions With 100% Correct Answers Pure Risk - answerchance of loss or no loss but not gain insurable Speculative Risk - answerthere is possibility of loss but of gain no insurablility exposure unit - answersubject to loss peril - answercause of loss life insurance - answerdeath Health insurance - answeraccident and sickness hazard - answerincreases the likelihood or severity of loss Three types of hazard - answerphysical, moral, morale physical ha...