Q12. In which of the following dividend options would an Insurer invest the policyowners money and add interest
earnings to the Initial amount of the dividends as such earnings accrue?

Q13. The only beneficiary named in a life insurance policy died before the Insured. The policyowner did not name a
new beneficiary. When a claim is filed, the death benefit would be paid to the

Q14. All of the following statements apply to the surrender of an annuity contract EXCEPT

Q15. An exposure Is a condition or situation that presents the possibility of

Q16. A single premium Immediate annuity Is MOST often used for

Q17. The type of insurance used to indemnify a firm for the loss of earnings brought about by the death or disability
of an officer or other significant employee Is

Q18. An insured has a 5-year Renewable Term Life Insurance Policy. Upon exercising the renewable privilege, the
Insured MUST

Q19. Bettie has a $200,000 whole life policy with a $50,000 cash value. She wishes to borrow $30,000 for the
purchase of a new van. Which of the following Is TRUE In this situation?

Q20. The PRIMARY reason for purchasing life Insurance Is to provide

Q21. What law do all Insurers and their agents need to comply with In regards to Information being obtained from a
third party concerning the applicant?

Q22. Contributions made to a Roth IRA are

Q23. Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loan
proceeds

Q24. Which of the following is TRUE of a payor benefit rider?

Q25. An agent’s actions or deeds demonstrate what kind of authority?

Q26. The Group Life Underwriting risk selection process helps protect Insurers from

Q27. Which of the following statements is TRUE regarding a waiver of premium rider?

Q28. An Insurer would consider which of the following In determining whether to accept a group life plan?