Beneficiaries Practice Questions — Page 2 of 2

67 free beneficiaries questions for the California Life & Health insurance license exam. Pick any question — answer it and get the full 3-part explanation, no signup required.

1. 18.An annuitant paid $100,000 into a nonqualified annuity, and the contract's expected total return is $200,00…
   Difficulty 3/5
2. 19.A revocable beneficiary designation means the policyowner may:
   Difficulty 1/5
3. 20.With an irrevocable beneficiary designation, a policyowner who wants to change the beneficiary must:
   Difficulty 2/5
4. 21.Under the Uniform Simultaneous Death Act, if the insured and the primary beneficiary die in a common accide…
   Difficulty 2/5
5. 22.Which life insurance settlement option pays the entire death benefit to the beneficiary in a single payment?
   Difficulty 1/5
6. 23.Under the interest-only settlement option, the insurer:
   Difficulty 2/5
7. 24.A beneficiary who selects the life income settlement option will receive:
   Difficulty 2/5
8. 25.Under IRC Section 101(a), a life insurance death benefit paid to a named beneficiary in a lump sum is gener…
   Difficulty 1/5
9. 26.A beneficiary elects to receive life insurance death proceeds in equal installments over 20 years instead o…
   Difficulty 2/5
10. 27.A life insurance policy names the insured's estate as the beneficiary. At the insured's death, the proceeds:
    Difficulty 3/5
11. 28.In a group life insurance policy, the master contract is held by the employer, and each insured employee ty…
    Difficulty 1/5
12. 29.A group life insurance policy contains a 'facility of payment' clause. This clause allows the insurer to:
    Difficulty 2/5
13. 30.While a group life insurance policy is in force, the insured employee's right to name and change the benefi…
    Difficulty 2/5
14. 31.Under the Social Security survivor program, a surviving spouse of a fully insured worker may be eligible for:
    Difficulty 2/5
15. 32.In Social Security survivor benefits, the 'blackout period' refers to the time when a surviving spouse:
    Difficulty 2/5
16. 33.Social Security survivor benefits may be paid to:
    Difficulty 2/5
17. 34.A life insurance policy contains a spendthrift clause. This provision means that:
    Difficulty 2/5