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LA LIFE INSURANCE SERIES 101 EXAM QUESTIONS AND ANSWERS SOLVED !
Question 1: Which type of rider pays out a capital sum in
case an insured loses a limb or their eyesight?
CORRECT ANSWER: Accidental Death and
Dismemberment
Question 2: If a policyowner of a convertible term life
insurance policy exercises his/her right to convert, which
of the following will happen?
CORRECT ANSWER: The term policy will be replaced
by a permanent life insurance policy
Question 3: Which of the following is NOT a purpose of
the rule regarding replacement of Life Insurance?
CORRECT ANSWER: Regulate the replacement of
Insurance by the consumer
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