California Life Insurance License Exam
Questions With Correct Answers
Which of the following applies to the social insurance program known as social
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security? - CORRECT ANSWER✔✔-Contributions are compulsory for most workers
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From the choices below select the one which is false about Social Security
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(OASDHI): - CORRECT ANSWER✔✔-The benefits received are closely related to
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the contributions made, actuarially speaking.
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By definition, the United States Government is not an insurer. - CORRECT
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ANSWER✔✔-FALSE
A worker dies while he is credited with six quarters of the last 13 quarter period.
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What status does the worker have under social security? - CORRECT
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ANSWER✔✔-Currently insured |
Retirement benefits under social security are available only for workers who are: -
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CORRECT ANSWER✔✔-Fully insured
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Three of the four types of benefits given by the Social Security system are listed
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below. What is the fourth? | | | |
| 1) Disability
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2) Medicare
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,3) Survivors - CORRECT ANSWER✔✔-Retirement
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Which of the following is true regarding the government's social insurance
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program known as Social Security? - CORRECT ANSWER✔✔-The majority of
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workers in the U.S. must pay into the program.
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The social security normal retirement age depends upon: - CORRECT
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ANSWER✔✔-The worker's year of birth | | | |
Lawrence is a 'fully insured' worker. If he were to die leaving his 40 year old
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spouse and 12 year old son, would his surviving spouse be entitled to receive
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monthly benefits for the remainder of her life? - CORRECT ANSWER✔✔-No
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The period of time in which a housewife, who has survived the death of her
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husband, will not receive income benefits from Social Security is called the: -
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CORRECT ANSWER✔✔-"Blackout period"| |
Which is NOT a way one can become entitled to Social Security Disability
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benefits? |
1) Be totally and permanently disabled for 1 month.
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2) Be disabled for 12 months or longer, plus other qualifications. - CORRECT
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ANSWER✔✔-1 only |
Which of the following is not correct regarding the disability benefits provided by
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Social Security? - CORRECT ANSWER✔✔-The payments received from this
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program are meant to entirely replace worker's lost earnings.
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, Which definition of disability is the most difficult for an injured worker to satisfy?
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- CORRECT ANSWER✔✔-The total disability definition used by the Social Security
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Administration
Under social security, the definition of disability is the inability to engage in: -
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CORRECT ANSWER✔✔-Any substantial gainful activity
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Social Security provides protection against the financial consequences of allof the
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following, except: - CORRECT ANSWER✔✔-Poor investments
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The social security blackout period ends when the surviving spouse reaches the
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age of: - CORRECT ANSWER✔✔-60
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Social Security disability benefits are paid to persons expected to die or be
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disabled at least: - CORRECT ANSWER✔✔-12 months
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From the choices below select the one which is false about Social Security
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(OASDHI): - CORRECT ANSWER✔✔-The program is considered "fully funded."
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The taxes that fund Social Security are paid by: - CORRECT ANSWER✔✔-
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Employers and employees equally | | |
Determination of a worker's insured status for Social Security uses: - CORRECT
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ANSWER✔✔-The number of quarters worked | | | |
Questions With Correct Answers
Which of the following applies to the social insurance program known as social
| | | | | | | | | | | | |
security? - CORRECT ANSWER✔✔-Contributions are compulsory for most workers
| | | | | | | |
From the choices below select the one which is false about Social Security
| | | | | | | | | | | | |
(OASDHI): - CORRECT ANSWER✔✔-The benefits received are closely related to
| | | | | | | | | |
the contributions made, actuarially speaking.
| | | |
By definition, the United States Government is not an insurer. - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-FALSE
A worker dies while he is credited with six quarters of the last 13 quarter period.
| | | | | | | | | | | | | | | |
What status does the worker have under social security? - CORRECT
| | | | | | | | | | |
ANSWER✔✔-Currently insured |
Retirement benefits under social security are available only for workers who are: -
| | | | | | | | | | | |
CORRECT ANSWER✔✔-Fully insured
| | |
Three of the four types of benefits given by the Social Security system are listed
| | | | | | | | | | | | | | |
below. What is the fourth? | | | |
| 1) Disability
| |
2) Medicare
| |
,3) Survivors - CORRECT ANSWER✔✔-Retirement
| | | |
Which of the following is true regarding the government's social insurance
| | | | | | | | | | |
program known as Social Security? - CORRECT ANSWER✔✔-The majority of
| | | | | | | | | |
workers in the U.S. must pay into the program.
| | | | | | | |
The social security normal retirement age depends upon: - CORRECT
| | | | | | | | | |
ANSWER✔✔-The worker's year of birth | | | |
Lawrence is a 'fully insured' worker. If he were to die leaving his 40 year old
| | | | | | | | | | | | | | | |
spouse and 12 year old son, would his surviving spouse be entitled to receive
| | | | | | | | | | | | | |
monthly benefits for the remainder of her life? - CORRECT ANSWER✔✔-No
| | | | | | | | | |
The period of time in which a housewife, who has survived the death of her
| | | | | | | | | | | | | | |
husband, will not receive income benefits from Social Security is called the: -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-"Blackout period"| |
Which is NOT a way one can become entitled to Social Security Disability
| | | | | | | | | | | | |
benefits? |
1) Be totally and permanently disabled for 1 month.
| | | | | | | | |
2) Be disabled for 12 months or longer, plus other qualifications. - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-1 only |
Which of the following is not correct regarding the disability benefits provided by
| | | | | | | | | | | | |
Social Security? - CORRECT ANSWER✔✔-The payments received from this
| | | | | | | | |
program are meant to entirely replace worker's lost earnings.
| | | | | | | |
, Which definition of disability is the most difficult for an injured worker to satisfy?
| | | | | | | | | | | | |
- CORRECT ANSWER✔✔-The total disability definition used by the Social Security
| | | | | | | | | | | |
Administration
Under social security, the definition of disability is the inability to engage in: -
| | | | | | | | | | | | | |
CORRECT ANSWER✔✔-Any substantial gainful activity
| | | |
Social Security provides protection against the financial consequences of allof the
| | | | | | | | | | |
following, except: - CORRECT ANSWER✔✔-Poor investments
| | | | |
The social security blackout period ends when the surviving spouse reaches the
| | | | | | | | | | | |
age of: - CORRECT ANSWER✔✔-60
| | | |
Social Security disability benefits are paid to persons expected to die or be
| | | | | | | | | | | | |
disabled at least: - CORRECT ANSWER✔✔-12 months
| | | | | |
From the choices below select the one which is false about Social Security
| | | | | | | | | | | | |
(OASDHI): - CORRECT ANSWER✔✔-The program is considered "fully funded."
| | | | | | | |
The taxes that fund Social Security are paid by: - CORRECT ANSWER✔✔-
| | | | | | | | | | |
Employers and employees equally | | |
Determination of a worker's insured status for Social Security uses: - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-The number of quarters worked | | | |
