Risk Management and Insurance > QUESTIONS & ANSWERS > Pearson Vue Life Insurance Practice Exam (2022/2023) (Verified Answers) (All)
Pearson Vue Life Insurance Practice Exam (2022/2023) (Verified Answers)
Document Content and Description Below
Pearson Vue Life Insurance Practice Exam (2022/2023) (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 ownersh... ip. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary ✔✔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 ✔✔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. ✔✔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 t [Show More]
Last updated: 2 years ago
Preview 1 out of 30 pages
Buy this document to get the full access instantly
Instant Download Access after purchase
Buy NowInstant download
We Accept:
Also available in bundle (1)
Pearson Vue Insurance Bundled Exams Questions and Answers (2022/2023) (Verified Solutions)
Pearson Vue Insurance Bundled Exams Questions and Answers (2022/2023) (Verified Solutions)
By Nutmegs 2 years ago
$18
7
Reviews( 0 )
$10.50
Can't find what you want? Try our AI powered Search
Document information
Connected school, study & course
About the document
Uploaded On
Apr 23, 2023
Number of pages
30
Written in
Additional information
This document has been written for:
Uploaded
Apr 23, 2023
Downloads
0
Views
103
.png)
.png)
.png)
.png)
