1
REAL FLORIDA LIFE AND HEALTH QUESTIONS WITH
COMPLETE SOLUTIONS GUARANTEED PASS BRAND NEW
2025/2026
Which of the following features is typical of the term insurance? -
CORRECT ANSWER>>The policy expires at the end of the policy period
Which of the following features of a group term life policy enables an
individual to leave the group and continue his or her insurance without
providing evidence of insurability? - CORRECT ANSWER>>Conversion
privilege
Which of the following statements is correct about a limited pay life
policy ? - CORRECT ANSWER>>Premium payments are limited to a
specified number of a years
Which of the following statements is correct about a while life policy? -
CORRECT ANSWER>>The policy owner may borrow against the cash
value of the policy.
Which of the following items may be used to include coverage for
children under their parents insurance policy? - CORRECT
ANSWER>>Term rider
Which life insurance arrangement is used to circumvent state insurable
insurable interest statutes key person insurance ? - CORRECT
ANSWER>>Investor originated life insurance
,2
The concept of level premiums - CORRECT ANSWER>>Charges more
than needed in early years
A policy that is overfunded, according to IRS tables, is classified as
which of the following types of policies? - CORRECT
ANSWER>>Modified Endowment Contract
An agent is required to register with the National association of
Securities Dealer (NASD) in order to sell - CORRECT ANSWER>>Variable
life
J, a 30 year old proposed insured, plans to retire at age 60 and wants to
purchase life insurance that offers level premiums and life protection. If
J also wants the policy to be puf up when J retires J should buy -
CORRECT ANSWER>>30 Pay Life
Under a Limited-Pay Life policy, the death benefit coverage usually
continues - CORRECT ANSWER>>To age 100
Equity indexed life insurance - CORRECT ANSWER>>•Is linked to an
outside equity index, like S&P 500.
•It is permanent insurance and the cash value accumulate at a
guaranteed minimum rate.
•If the return of the index exceeds the policy's guaranteed rate of
return, the cash value will reflect that of the index.
,3
Variable whole life policy offers which of the following features -
CORRECT ANSWER>>A fixed, level premium
Example of limited pay life policy is - CORRECT ANSWER>>Life Paid-up
at Age 65
Which of the following policy sections enables a policy owner to
exchange one insurance policy for a policy of a different kind -
CORRECT ANSWER>>Conversion privilege
Which of the following is correct about the premium payment schedule
for a whole life policy - CORRECT ANSWER>>Premiums are payable
throughout the insured's life and coverage continues until the insured's
death
Which of the following statements is correct about limited pay life
policy - CORRECT ANSWER>>Premium payments are limited to a
specified number of a years
Which of the following factors are most important when insured Owner
is trying to decide whether to convert term insurance at the insured's
original age to the insured attained age - CORRECT ANSWER>>Cost of
insurance
Which of the following statements is correct about a variable insurance
contract - CORRECT ANSWER>>It does not guarantee a return on
investment accounts
, 4
Which of the following policies provide temporary coverage that may
be changed to permanent coverage without regard of the insured's
health - CORRECT ANSWER>>Convertible term
Which of the following types of insurance policies would provide the
greatest amount of protection for a temporary period - CORRECT
ANSWER>>term
A guaranteed insurability rider allows an insured to purchase additional
insurance - CORRECT
ANSWER>>Specified future dates without submitting proof of
insurability
A policy owner decides to use dividends from a life insurance policy to
purchase paid up additions. The policy owner asked an agent to explain
how the amount of the paid up addition that is purchased each year will
be determined. The agents explanation includes all the following -
CORRECT ANSWER>>•The insured's attained age
•The amount of dividends
•The type of policy
And insured must present evidence of insurability within a reasonable
time after a policy has lapsed to exercise which of the following
provisions - CORRECT ANSWER>>Reinstatement
The primary purpose of including a suicide provision in a life insurance
policy is to - CORRECT
REAL FLORIDA LIFE AND HEALTH QUESTIONS WITH
COMPLETE SOLUTIONS GUARANTEED PASS BRAND NEW
2025/2026
Which of the following features is typical of the term insurance? -
CORRECT ANSWER>>The policy expires at the end of the policy period
Which of the following features of a group term life policy enables an
individual to leave the group and continue his or her insurance without
providing evidence of insurability? - CORRECT ANSWER>>Conversion
privilege
Which of the following statements is correct about a limited pay life
policy ? - CORRECT ANSWER>>Premium payments are limited to a
specified number of a years
Which of the following statements is correct about a while life policy? -
CORRECT ANSWER>>The policy owner may borrow against the cash
value of the policy.
Which of the following items may be used to include coverage for
children under their parents insurance policy? - CORRECT
ANSWER>>Term rider
Which life insurance arrangement is used to circumvent state insurable
insurable interest statutes key person insurance ? - CORRECT
ANSWER>>Investor originated life insurance
,2
The concept of level premiums - CORRECT ANSWER>>Charges more
than needed in early years
A policy that is overfunded, according to IRS tables, is classified as
which of the following types of policies? - CORRECT
ANSWER>>Modified Endowment Contract
An agent is required to register with the National association of
Securities Dealer (NASD) in order to sell - CORRECT ANSWER>>Variable
life
J, a 30 year old proposed insured, plans to retire at age 60 and wants to
purchase life insurance that offers level premiums and life protection. If
J also wants the policy to be puf up when J retires J should buy -
CORRECT ANSWER>>30 Pay Life
Under a Limited-Pay Life policy, the death benefit coverage usually
continues - CORRECT ANSWER>>To age 100
Equity indexed life insurance - CORRECT ANSWER>>•Is linked to an
outside equity index, like S&P 500.
•It is permanent insurance and the cash value accumulate at a
guaranteed minimum rate.
•If the return of the index exceeds the policy's guaranteed rate of
return, the cash value will reflect that of the index.
,3
Variable whole life policy offers which of the following features -
CORRECT ANSWER>>A fixed, level premium
Example of limited pay life policy is - CORRECT ANSWER>>Life Paid-up
at Age 65
Which of the following policy sections enables a policy owner to
exchange one insurance policy for a policy of a different kind -
CORRECT ANSWER>>Conversion privilege
Which of the following is correct about the premium payment schedule
for a whole life policy - CORRECT ANSWER>>Premiums are payable
throughout the insured's life and coverage continues until the insured's
death
Which of the following statements is correct about limited pay life
policy - CORRECT ANSWER>>Premium payments are limited to a
specified number of a years
Which of the following factors are most important when insured Owner
is trying to decide whether to convert term insurance at the insured's
original age to the insured attained age - CORRECT ANSWER>>Cost of
insurance
Which of the following statements is correct about a variable insurance
contract - CORRECT ANSWER>>It does not guarantee a return on
investment accounts
, 4
Which of the following policies provide temporary coverage that may
be changed to permanent coverage without regard of the insured's
health - CORRECT ANSWER>>Convertible term
Which of the following types of insurance policies would provide the
greatest amount of protection for a temporary period - CORRECT
ANSWER>>term
A guaranteed insurability rider allows an insured to purchase additional
insurance - CORRECT
ANSWER>>Specified future dates without submitting proof of
insurability
A policy owner decides to use dividends from a life insurance policy to
purchase paid up additions. The policy owner asked an agent to explain
how the amount of the paid up addition that is purchased each year will
be determined. The agents explanation includes all the following -
CORRECT ANSWER>>•The insured's attained age
•The amount of dividends
•The type of policy
And insured must present evidence of insurability within a reasonable
time after a policy has lapsed to exercise which of the following
provisions - CORRECT ANSWER>>Reinstatement
The primary purpose of including a suicide provision in a life insurance
policy is to - CORRECT
