CISR LIFE HEALTH PRACTICE EXAM 1 NEWEST 2026 WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND
NEW VERSION!!
While reviewing several proposals for a quote for a life insurance policy for one of you clients, you also
review the temporary insuring agreements. You notice that there are variations in the temporary
insuring agreements between companies. Which of the following is NOT included in any of these
agreements? - (answer)Receipt of premium
Jennifer has a $5,000 loan against the cash value of her whole life policy. She receives her annual
premium statement and it includes an additional charge of $250 for interest on the loan. Jennifer just
pays the premium and not the additional interest. What happens to the interest charge? - (answer)It is
added to the loan.
If a policy is issued with a preferred rating, what will a new policy rating be if it is issued through a
guarantee issue rider option? - (answer)Preferred (no medical underwriting)
Which policy offering guarantees a benefit no matter your age at death? - (answer)Whole life insurance
Frank is asking about a $1,000,000 ten-year term policy. He is concerned that after ten years he will
have no coverage and wants to know if he has any options after the ten-year period is over. Name a
policy provision that could give Frank options. - (answer)Guaranteed convertible provision
Paul has a whole life policy that has been in force for 10 years. he stops paying the premium and the
non-forfeiture provision begins. If Paul makes no election of benefits, which automatic non-forfeiture
option will the insurance company use? - (answer)Extended term insurance
Which one of the following is considered a qualifying event or claim trigger to allow a living benefit rider
to pay a percentage of a life insurance policy death benefit to the insured? - (answer)Terminal illness
Reasons why people buy life insurance can be related to the requirements of a loan. Which of the
following reasons are NOT related to loan requirements? - (answer)Individual uses tobacco
An insured and the beneficiary are killed in the same accident and there is no contingent beneficiary
named. Under the terms of a survivorship clause, the proceeds would go to whom? - (answer)The estate
of the insured
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND
NEW VERSION!!
While reviewing several proposals for a quote for a life insurance policy for one of you clients, you also
review the temporary insuring agreements. You notice that there are variations in the temporary
insuring agreements between companies. Which of the following is NOT included in any of these
agreements? - (answer)Receipt of premium
Jennifer has a $5,000 loan against the cash value of her whole life policy. She receives her annual
premium statement and it includes an additional charge of $250 for interest on the loan. Jennifer just
pays the premium and not the additional interest. What happens to the interest charge? - (answer)It is
added to the loan.
If a policy is issued with a preferred rating, what will a new policy rating be if it is issued through a
guarantee issue rider option? - (answer)Preferred (no medical underwriting)
Which policy offering guarantees a benefit no matter your age at death? - (answer)Whole life insurance
Frank is asking about a $1,000,000 ten-year term policy. He is concerned that after ten years he will
have no coverage and wants to know if he has any options after the ten-year period is over. Name a
policy provision that could give Frank options. - (answer)Guaranteed convertible provision
Paul has a whole life policy that has been in force for 10 years. he stops paying the premium and the
non-forfeiture provision begins. If Paul makes no election of benefits, which automatic non-forfeiture
option will the insurance company use? - (answer)Extended term insurance
Which one of the following is considered a qualifying event or claim trigger to allow a living benefit rider
to pay a percentage of a life insurance policy death benefit to the insured? - (answer)Terminal illness
Reasons why people buy life insurance can be related to the requirements of a loan. Which of the
following reasons are NOT related to loan requirements? - (answer)Individual uses tobacco
An insured and the beneficiary are killed in the same accident and there is no contingent beneficiary
named. Under the terms of a survivorship clause, the proceeds would go to whom? - (answer)The estate
of the insured
