Wisconsin Life Insurance Exam | 165 Questions with 100% Correct Answers | Verified | Latest Update

Wisconsin Life Insurance Exam | 165 Questions with 100% Correct Answers | Verified | Latest Update
Question : What is the purpose of the Wisconsin State Life
Insurance Fund?
a) to offer low-cost life insurance to state residents
b) To protect insured against insolvent insurers
c) To advertise different types of life insurance policies
available in the state
d) To provide life insurance through licensed intermediaries
Correct answer: a
Question : An employee is insured under her employer's
group life plan. If she terminates her group coverage, which
of the following statements is INCORRECT?
a) The premium for individual coverage will be based upon
the insured's attained age
b) The insured may choose to convert to term or permanent
individual coverage
c) The insured would not need to prove insurability for a
conversion policy
d) The insured may convert coverage to an individual policy
within 31 days
Correct answer: b

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