LIFE INSURANCE LICENSING PRACTICE
PAPER 2026 COMPLETE QUESTIONS AND
SOLUTIONS GRADED A+
● Twisting. Answer: The act of using misrepresentation to induce an
insured person to terminate an existing policy and purchase a new policy
is referred to as
● Shirley has $500,000 10-year-old son nonrenewable level term life
policy. If she dies 15 years after the policy inception date, how will her
beneficiary receive?. Answer: Nothing
● Which of these factors would and ensure consider when determining
whether to except a group life plan. Answer: Average age
● Which type of life insurance is normally associated with a paler
benefit rider. Answer: Juvenile insurance
● Which of the following is not considered advertising?. Answer: Oh
rating from A rating service company such as a.m. best
● During the accumulation. Who can surrender an annuity. Answer:
Policy owner
, ● Fixed period Settlement options are considered to be a form of a.
Answer: Annuity
● Which of the following is not information found in a life insurance
buyers guide. Answer: How to take legal action against a insurance
company
● All of the following characteristics of a group life insurance plan
except. Answer: Individual underwriting
● A securities license is required for a life insurance producer to sell.
Answer: Variable life insurance
● Which of the following is present when an applicant stands to lose
value if the insured dies. Answer: Insurable interest
● What may be the result of replacing an existing life insurance policy
with a new one. Answer: Surrender charge
● Signatures for an insurance application must be obtained by the
producer from all the following sources except. Answer: The policy
owner
● Maria the insurance producer completes a sale by collecting the
required signatures on the application and obtaining the initial premium
PAPER 2026 COMPLETE QUESTIONS AND
SOLUTIONS GRADED A+
● Twisting. Answer: The act of using misrepresentation to induce an
insured person to terminate an existing policy and purchase a new policy
is referred to as
● Shirley has $500,000 10-year-old son nonrenewable level term life
policy. If she dies 15 years after the policy inception date, how will her
beneficiary receive?. Answer: Nothing
● Which of these factors would and ensure consider when determining
whether to except a group life plan. Answer: Average age
● Which type of life insurance is normally associated with a paler
benefit rider. Answer: Juvenile insurance
● Which of the following is not considered advertising?. Answer: Oh
rating from A rating service company such as a.m. best
● During the accumulation. Who can surrender an annuity. Answer:
Policy owner
, ● Fixed period Settlement options are considered to be a form of a.
Answer: Annuity
● Which of the following is not information found in a life insurance
buyers guide. Answer: How to take legal action against a insurance
company
● All of the following characteristics of a group life insurance plan
except. Answer: Individual underwriting
● A securities license is required for a life insurance producer to sell.
Answer: Variable life insurance
● Which of the following is present when an applicant stands to lose
value if the insured dies. Answer: Insurable interest
● What may be the result of replacing an existing life insurance policy
with a new one. Answer: Surrender charge
● Signatures for an insurance application must be obtained by the
producer from all the following sources except. Answer: The policy
owner
● Maria the insurance producer completes a sale by collecting the
required signatures on the application and obtaining the initial premium
