Kentucky Life Insurance State Exam Practice Questions with Answers (new)

Kentucky Life Insurance State Exam Practice Questions with Answers (new)
Question 1: The premiums paid by an employer for his
employee's group life insurance are usually considered to be
CORRECT ANSWER: Tax-deductible to the employer
Question 2: Which of these is NOT considered to be a cost
connected with an individual's death?
CORRECT ANSWER: Business expenses
Question 3: These are all accurate statements regarding
universal life insurance EXCEPT
CORRECT ANSWER: Policy loans are not permitted
Question 4: Which of these is NOT relevant when
determining the amount of personal life insurance needed?
CORRECT ANSWER: Local unemployment rate
Question 5: Who elects the governing body of a mutual
insurance company?

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