PA LIFE INSURANCE EXAM Actual QUESTIONs with Verified Answers, 100% Guarantee Pass

PA LIFE INSURANCE EXAM Actual QUESTIONs with Verified Answers, 100% Guarantee Pass
QUESTION 1: An immediate annuity has been purchased
with a single premium. When does the annuitant typically
begin receiving benefit payments?
CORRECT ANSWER: 1 month
QUESTION 2: An insurer will accept a premium from the
insured and continue the coverage in full force as though it
was NOT late during which time period?
Incontestable period
Probation period
Reinstatement period
Grace period
CORRECT ANSWER: Grace period
The grace period is the amount of time an insurer continues
coverage in full force and will accept the premium from the
insured as though it was NOT late.

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