Pearson Vue Life Insurance Practice Exam Questions and verified Answers

Pearson Vue Life Insurance Practice Exam Questions and verified Answers
Question 1: P wants to name her husband as the
beneficiary of her life policy. However, she wishes to
retain all of the rights of ownership. P should have her
husband named as the:
A. irrevocable beneficiary
B. revocable beneficiary
C. secondary beneficiary
CORRECT ANSWER: B
Question 2: 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

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