Life Insurance Practice Questions — Page 13 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.
- 469.An applicant is an avid skydiver. The insurer is willing to issue a policy but wants to exclude deaths caus…Difficulty 2/5
- 470.A life insurance policy excludes death resulting from the insured committing a felony. If the insured dies …Difficulty 2/5
- 471.A life insurance policy with a war exclusion clause will generally:Difficulty 1/5
- 472.A life insurance aviation exclusion clause typically restricts coverage for death caused by:Difficulty 2/5
- 473.When a life insurance policy contains an endorsement excluding death from a hazardous hobby, such as skydiv…Difficulty 2/5
- 474.Life insurance death proceeds paid in a single lump sum to a beneficiary are generally:Difficulty 1/5
- 475.How are dividends paid on a participating life insurance policy generally treated for federal income tax pu…Difficulty 2/5
- 476.In group life insurance, the contract of insurance is between the insurer and the:Difficulty 1/5
- 477.A policyowner borrows money from the cash value of a life insurance policy. Under federal tax law, the loan…Difficulty 2/5
- 478.Which statement correctly distinguishes a contributory from a noncontributory group life plan?Difficulty 2/5
- 479.A policy is classified as a modified endowment contract (MEC) because it failed the 7-pay test. If the owne…Difficulty 3/5
- 480.In group life insurance, which statement correctly describes the master policy and the certificate?Difficulty 1/5
- 481.Under a contributory group life insurance plan, which statement is correct?Difficulty 2/5
- 482.A 22-year-old worker has earned Social Security credits over the past three years. How many credits are req…Difficulty 2/5
- 483.When a fully insured worker dies, which Social Security benefit is typically available to a surviving spous…Difficulty 1/5
- 484.Under Social Security survivor benefits, what is the blackout period?Difficulty 2/5
- 485.Life insurance coverage inside a qualified retirement plan is permitted only:Difficulty 3/5
- 486.In addition to monthly survivor benefits, Social Security may pay a lump-sum death benefit to a qualifying …Difficulty 1/5
- 487.Under Social Security, a worker under age 24 is considered currently insured for survivor benefits if the w…Difficulty 1/5
- 488.In Social Security survivor benefits, the blackout period refers to the time:Difficulty 2/5
- 489.Upon the death of an insured worker, a surviving spouse who was living with the worker may be eligible for …Difficulty 1/5
- 490.An insurer reviews a report from the Medical Information Bureau (MIB) during underwriting. What is the purp…Difficulty 2/5
- 491.The agent who takes a life insurance application acts as a field underwriter. Which of the following is par…Difficulty 2/5
- 492.The primary purpose of underwriting in life insurance is to:Difficulty 2/5
- 493.Which underwriting report is used to evaluate an applicant's heart function and detect possible cardiac con…Difficulty 1/5
- 494.After underwriting, the insurer offers an applicant coverage at standard rates with a rider excluding a haz…Difficulty 2/5
- 495.An underwriter requests a motor vehicle report (MVR) on an applicant. What does this report primarily reveal?Difficulty 1/5
- 496.Life insurance premiums are based on three primary components. Which set correctly lists them?Difficulty 1/5
- 497.An applicant indicates on the application an interest in skydiving and scuba diving. Which underwriting too…Difficulty 2/5
- 498.A life insurance policy includes a disability income rider. If the insured becomes totally disabled, this r…Difficulty 2/5
- 499.An insurer receives an application but decides the applicant's health is too risky for standard rates. The …Difficulty 2/5
- 500.A cost-of-living adjustment (COLA) rider on a life insurance policy serves to:Difficulty 1/5
- 501.An insured is diagnosed with a terminal illness and files a claim under an accelerated death benefit rider.…Difficulty 2/5
- 502.Which three factors are used to calculate life insurance premium rates?Difficulty 1/5
- 503.A disability income rider attached to a life insurance policy provides what benefit if the insured becomes …Difficulty 1/5
- 504.A cost-of-living adjustment (COLA) rider on a life insurance policy is designed to:Difficulty 1/5
- 505.A universal life policy includes a no-lapse guarantee rider. What does this rider ensure?Difficulty 2/5
- 506.An accelerated death benefit (living needs) rider allows a policyowner who is diagnosed with a terminal ill…Difficulty 2/5
- 507.A policyowner adds a guaranteed minimum withdrawal benefit (GMWB) rider to a contract. What does this rider…Difficulty 3/5