California Life Insurance Exam
Questions and Answers 100%
PASS
Employee choosing benefits.—ANSWER-Selection of coverage in employee benefits plans
refers to
Variable whole life has a guaranteed death benefit.—ANSWER-Which of the following is a
key distinction between variable whole life and variable universal life products?
Pure risks—ANSWER-According to California Insurance Code, which of the following can be
classified as an insurable event?
Outstanding loans and interest—ANSWER-When calculating the amount a policyowner may
borrow from a variable life policy, what must be subtracted from the policy's cash value?
The cause of loss insured against.—ANSWER-Peril is most easily defined as
Be fined a sum of $1,000.—ANSWER-Any insurance agent who engages in the insurance
business and violates the Code with respect to insurance replacement shall on the first
violation
One-sided: only one party makes an enforceable promise.—ANSWER-What is a definition of
a unilateral contract?
Questions and Answers 100%
PASS
Employee choosing benefits.—ANSWER-Selection of coverage in employee benefits plans
refers to
Variable whole life has a guaranteed death benefit.—ANSWER-Which of the following is a
key distinction between variable whole life and variable universal life products?
Pure risks—ANSWER-According to California Insurance Code, which of the following can be
classified as an insurable event?
Outstanding loans and interest—ANSWER-When calculating the amount a policyowner may
borrow from a variable life policy, what must be subtracted from the policy's cash value?
The cause of loss insured against.—ANSWER-Peril is most easily defined as
Be fined a sum of $1,000.—ANSWER-Any insurance agent who engages in the insurance
business and violates the Code with respect to insurance replacement shall on the first
violation
One-sided: only one party makes an enforceable promise.—ANSWER-What is a definition of
a unilateral contract?
