NJ-Life-Producer 무료 덤프문제 온라인 액세스

Which of the following is not among the rights of the life insurance policyowner?

• A.Select and change a beneficiary.
• B.Assign or transfer the policy.
• C.Revoke an absolute assignment.
• D.Borrow from the cash values.

Which of the following statements is correct about life insurance proceeds paid to a named beneficiary?

• A.They are exempt from claims of the insured's creditors.
• B.They are held until the insured's will is probated.
• C.They are subject to excise taxes.
• D.They must be paid in a lump sum.

Which type of insurance policy is characterized by premiums that are fully paid up within a stated period, after which no further premiums are required?

• A.Limited payment life insurance.
• B.Prepaid premium insurance.
• C.Basic installment insurance.
• D.Lump sum insurance.

Sam had a $100,000 five-year, nonrenewable level term life insurance policy with his wife as the beneficiary.
Sam dies eight years after the inception date of the policy. How much will be paid to Sam's wife?

• A.$40,000.
• B.Nothing.
• C.$60,000.
• D.$100,000.

A beneficiary is protected from creditors' claims in all of the following situations EXCEPT when the beneficiary is the

• A.Insured's estate.
• B.Insured's spouse.
• C.Insured's business partner.
• D.Insured's child.