KANSAS LIFE AND HEALTH INSURANCE PRACTICE 150
EXAM AND ANSWERS UPDATED 2026 VERIFIED ANSWERS
ACTUAL UPDATED PRACTICE QUESTIONS HIGH YIELD
STUDY GUIDE LICENSING EXAM PREPARATION GRADED
A+
When can a policy owner change a revocable beneficiary? - CORRECT
ANSWER -Anytime
J would like to maintain the right to change beneficiaries. Which beneficiary
designation should be used? - CORRECT ANSWER -Revocable
M purchased an Accidental Death and Dismemberment (AD&D) policy and
named his son as beneficiary. M has the right to change the beneficiary
designation at anytime. What type of beneficiary is his son? - CORRECT
ANSWER -Revocable Beneficiary
revocable beneficiary - CORRECT ANSWER -the policy owner may
change the beneficiary at any time without notifying or getting permission from
the beneficiary.
K is the insured and P is the sole beneficiary on a life insurance policy. Both are
involved in a fatal accident where K dies before P. Under the Common Disaster
provision, which of these statements is true? - CORRECT ANSWER -
Proceeds will be paid to K's estate if P dies within a specified time
How would a contingent beneficiary receive the policy proceeds in an
Accidental Death and Dismemberment (AD&D) policy? - CORRECT
ANSWER -If the primary beneficiary dies before the insured
,Which statement is true regarding a minor beneficiary - CORRECT
ANSWER -Normally, a guardian is required to be appointed in the
Beneficiary clause of the contract
A life insurance application must be signed by all of these EXCEPT -
CORRECT ANSWER -Beneficiaries are not required to sign an insurance
application
K applies for a life insurance policy on herself and submits the initial premium
with the application. She is given a receipt by the agent stating that coverage
begins immediately if the application is approved. What kind of receipt was
used? - CORRECT ANSWER -A conditional receipt indicates that certain
conditions must be met in order for the insurance coverage to go into effect.
P is a producer who notices 5 questions on a life application were not answered.
What actions should P take? - CORRECT ANSWER -Schedule another
appointment with the applicant to complete the unanswered questions
M completes an application for life insurance but does not pay the initial
premium. All of these actions must occur before M's policy goes into effect
EXCEPT - CORRECT ANSWER -Free-look period has expired
An applicant's medical information received from the Medical Information
Bureau (MIB) may be furnished to the - CORRECT ANSWER -Applicant's
physician
On August 6, D submitted an application for a $50,000 Life Insurance policy
and did not pay the initial premium. On August 18, D went to his doctor
complaining of chest pains and some tests were given by the doctor. The life
policy was delivered by the producer on August 20 and D explains what had
recently taken place with the doctor. What action should the producer then take?
, - CORRECT ANSWER -Collect initial premium along with a signed health
statement
What is being delivered during a policy delivery? - CORRECT ANSWER -
Insurance contract to the proposed insured
Before a life insurance policy is issued, which of these components of the
contract is required? - CORRECT ANSWER -Applicant's signature on
application
Which of the following is an important underwriting principle of group life
insurance? - CORRECT ANSWER -Everyone must be covered in the group
A noncontributory group term life plan is characterized by - CORRECT
ANSWER -the entire cost of the plan is paid for by the employer
A person who is insured within a group contract will be given a - CORRECT
ANSWER -certificate
Group life insurance policies are generally written as - CORRECT
ANSWER -annually renewable term
Which provision is NOT a requirement in a group life policy? - CORRECT
ANSWER -Accidental
If its employees share in the cost of insurance, what type of group life insurance
plan would a corporation have? - CORRECT ANSWER -Contributory
EXAM AND ANSWERS UPDATED 2026 VERIFIED ANSWERS
ACTUAL UPDATED PRACTICE QUESTIONS HIGH YIELD
STUDY GUIDE LICENSING EXAM PREPARATION GRADED
A+
When can a policy owner change a revocable beneficiary? - CORRECT
ANSWER -Anytime
J would like to maintain the right to change beneficiaries. Which beneficiary
designation should be used? - CORRECT ANSWER -Revocable
M purchased an Accidental Death and Dismemberment (AD&D) policy and
named his son as beneficiary. M has the right to change the beneficiary
designation at anytime. What type of beneficiary is his son? - CORRECT
ANSWER -Revocable Beneficiary
revocable beneficiary - CORRECT ANSWER -the policy owner may
change the beneficiary at any time without notifying or getting permission from
the beneficiary.
K is the insured and P is the sole beneficiary on a life insurance policy. Both are
involved in a fatal accident where K dies before P. Under the Common Disaster
provision, which of these statements is true? - CORRECT ANSWER -
Proceeds will be paid to K's estate if P dies within a specified time
How would a contingent beneficiary receive the policy proceeds in an
Accidental Death and Dismemberment (AD&D) policy? - CORRECT
ANSWER -If the primary beneficiary dies before the insured
,Which statement is true regarding a minor beneficiary - CORRECT
ANSWER -Normally, a guardian is required to be appointed in the
Beneficiary clause of the contract
A life insurance application must be signed by all of these EXCEPT -
CORRECT ANSWER -Beneficiaries are not required to sign an insurance
application
K applies for a life insurance policy on herself and submits the initial premium
with the application. She is given a receipt by the agent stating that coverage
begins immediately if the application is approved. What kind of receipt was
used? - CORRECT ANSWER -A conditional receipt indicates that certain
conditions must be met in order for the insurance coverage to go into effect.
P is a producer who notices 5 questions on a life application were not answered.
What actions should P take? - CORRECT ANSWER -Schedule another
appointment with the applicant to complete the unanswered questions
M completes an application for life insurance but does not pay the initial
premium. All of these actions must occur before M's policy goes into effect
EXCEPT - CORRECT ANSWER -Free-look period has expired
An applicant's medical information received from the Medical Information
Bureau (MIB) may be furnished to the - CORRECT ANSWER -Applicant's
physician
On August 6, D submitted an application for a $50,000 Life Insurance policy
and did not pay the initial premium. On August 18, D went to his doctor
complaining of chest pains and some tests were given by the doctor. The life
policy was delivered by the producer on August 20 and D explains what had
recently taken place with the doctor. What action should the producer then take?
, - CORRECT ANSWER -Collect initial premium along with a signed health
statement
What is being delivered during a policy delivery? - CORRECT ANSWER -
Insurance contract to the proposed insured
Before a life insurance policy is issued, which of these components of the
contract is required? - CORRECT ANSWER -Applicant's signature on
application
Which of the following is an important underwriting principle of group life
insurance? - CORRECT ANSWER -Everyone must be covered in the group
A noncontributory group term life plan is characterized by - CORRECT
ANSWER -the entire cost of the plan is paid for by the employer
A person who is insured within a group contract will be given a - CORRECT
ANSWER -certificate
Group life insurance policies are generally written as - CORRECT
ANSWER -annually renewable term
Which provision is NOT a requirement in a group life policy? - CORRECT
ANSWER -Accidental
If its employees share in the cost of insurance, what type of group life insurance
plan would a corporation have? - CORRECT ANSWER -Contributory
