Life Insurance Practice Questions — Page 11 of 13

639 free life insurance 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. 501.A disability income rider attached to a life insurance policy provides:
   Difficulty 2/5
2. 502.A cost-of-living adjustment (COLA) rider on a life insurance policy:
   Difficulty 2/5
3. 503.A disability income rider added to a life insurance policy provides:
   Difficulty 2/5
4. 504.If a whole life insurance policy lapses and the owner does not choose an option, the insurer must apply the…
   Difficulty 2/5
5. 505.The premium charged for life insurance must cover three principal components:
   Difficulty 1/5
6. 506.The premium rate for a life insurance policy is built from which three components?
   Difficulty 2/5
7. 507.An accelerated death benefit (living benefits) rider on a life insurance policy typically allows the insure…
   Difficulty 2/5
8. 508.A critical illness rider attached to a life insurance policy generally pays:
   Difficulty 2/5
9. 509.A disability income rider attached to a life insurance policy provides the insured with:
   Difficulty 1/5
10. 510.An accelerated death benefit (living needs) rider allows a terminally ill insured to:
    Difficulty 2/5
11. 511.An accelerated death benefit (living benefits) rider allows an insured who is diagnosed with a terminal ill…
    Difficulty 1/5
12. 512.A cost-of-living adjustment (COLA) rider on a life insurance policy is designed to:
    Difficulty 2/5
13. 513.The purpose of a cost of living adjustment (COLA) rider on a life insurance policy is to:
    Difficulty 1/5
14. 514.A cost-of-living adjustment (COLA) rider on a life insurance policy is designed to:
    Difficulty 1/5
15. 515.A disability income rider added to a life insurance policy:
    Difficulty 2/5
16. 516.Under the fixed period settlement option, the insurer pays the beneficiary:
    Difficulty 2/5
17. 517.For an insured who is certified as terminally ill, accelerated death benefits received under IRC Section 10…
    Difficulty 2/5
18. 518.A critical illness rider on a life insurance policy typically:
    Difficulty 2/5
19. 519.The primary purpose of a cost-of-living adjustment (COLA) rider on a life insurance policy is to:
    Difficulty 1/5
20. 520.A whole life policy whose premiums and cash values are based on the insurer's current (nonguaranteed) inter…
    Difficulty 2/5
21. 521.An insured with a terminal illness wants to access a portion of the life insurance death benefit while stil…
    Difficulty 2/5
22. 522.A life policy includes an accelerated death benefit (ADB) rider. If the insured is diagnosed as terminally …
    Difficulty 2/5
23. 523.A cost-of-living adjustment (COLA) rider on a life insurance policy typically:
    Difficulty 1/5
24. 524.An accelerated death benefit (living needs) provision in a life insurance policy allows the insured to:
    Difficulty 2/5
25. 525.How is a long-term care (LTC) rider attached to a life insurance policy typically funded?
    Difficulty 2/5
26. 526.A cost-of-living (COLA) rider on a life insurance policy:
    Difficulty 1/5
27. 527.A critical illness accelerated benefit rider differs from a terminal illness accelerated benefit rider prim…
    Difficulty 2/5
28. 528.An accelerated death benefit (living benefits) provision pays the insured:
    Difficulty 2/5
29. 529.A long-term care rider attached to a life insurance policy:
    Difficulty 2/5
30. 530.A long-term care rider attached to a life insurance policy allows the policyowner to:
    Difficulty 2/5
31. 531.A long-term care (LTC) rider attached to a life insurance policy typically provides long-term care benefits…
    Difficulty 3/5
32. 532.A no-lapse guarantee provision on a universal life policy:
    Difficulty 2/5
33. 533.Regarding life insurance inside a qualified retirement plan, which statement is correct?
    Difficulty 2/5
34. 534.A no-lapse guarantee rider on a universal life policy provides which of the following?
    Difficulty 2/5
35. 535.A no-lapse guarantee rider on a universal life policy is designed to:
    Difficulty 2/5
36. 536.A guaranteed minimum withdrawal benefit (GMWB) rider guarantees the owner of a variable annuity or variable…
    Difficulty 3/5
37. 537.A no-lapse guarantee rider on a universal life insurance policy ensures that:
    Difficulty 2/5
38. 538.A husband applies for a life insurance policy on his own life and names his wife as beneficiary. Which sign…
    Difficulty 2/5
39. 539.A guaranteed minimum withdrawal benefit (GMWB) rider typically promises that:
    Difficulty 3/5
40. 540.A life insurance policy with a long-term care (LTC) rider provides long-term care benefits that are funded by:
    Difficulty 2/5
41. 541.A no-lapse guarantee rider on a universal life policy guarantees that the policy will not lapse as long as …
    Difficulty 2/5
42. 542.A no-lapse guarantee on a universal life insurance policy provides that:
    Difficulty 2/5
43. 543.A no-lapse guarantee rider on a universal life policy provides that:
    Difficulty 2/5
44. 544.A no-lapse guarantee rider on a universal life policy ensures that:
    Difficulty 3/5
45. 545.A guaranteed minimum withdrawal benefit (GMWB) rider guarantees that the policyowner:
    Difficulty 2/5
46. 546.A universal life policy includes a no-lapse guarantee rider. The primary benefit of this rider is that it:
    Difficulty 2/5
47. 547.A universal life policy includes a no-lapse guarantee rider. What does this rider guarantee?
    Difficulty 2/5
48. 548.A guaranteed minimum withdrawal benefit (GMWB) rider on an annuity or life policy provides that:
    Difficulty 3/5
49. 549.A no-lapse guarantee rider on a universal life policy provides that:
    Difficulty 2/5
50. 550.Under a typical life insurance aviation exclusion, coverage for death resulting from aviation is usually:
    Difficulty 2/5