CA Life Insurance Exam
Prep 125 Questions
2026-2027
Master Exam Prep Bundle
(Verified Questions & Answers)
A+ Grade Guaranteed
, Life Insurance creates an immediate estate. This phrase when the insured dies, a death benefit is paid
means?
Which of the following would not be accomplished with the Risk is eliminated
purchase of a life insurance policy?
What time period allows an insured's life insurance policy Grace period
to remain in force even if the premium was not paid on the
due date?
Victoria owns a life annuity and elects to receive annuity For a minimum of 120 months and a maximum of the remainder of her life
payments monthly for the remainder of her life with "ten
years certain." Her annuity will make payments?
According to section 1729.2 of the California Insurance Misdemeanor charges filed, not resulting in a conviction
Code, which of these does NOT qualify as "background
information?"
The free-look period for life insurance policyowners age 60 30 days
or older is
What type of license is required for an individual who Life and disability analyst
charges a fee to review an insured's existing life insurance
policy?
What determines the Social Security normal retirement Year in which worker was born
age?
Life insurance surplus must be distributed to policyowners Annually
at what frequency?
When a life insurance policy is surrendered, how does the The policy's cost basis is exempt from taxation
cost recovery rule apply?
An agent's attempt to stop the replacement of an existing conservation
life insurance policy is known as
Bruce is involved in an accident and becomes totally and Waiver of premium provision
permanently disabled. His insurance policy continues in
force without payment of further premiums. Which policy
provision is responsible for this?
Cindy buys a 10-year certain annuity with an installment 60 payments
refund. After receiving monthly payments for 5 years,
Cindy dies. How many remaining payments will the insurer
make to her beneficiary?
Lynn owns a life policy that guarantees the right to renew Renewable Term
the policy each year, regardless of health, but at an
increased premium. What kind of policy is this?
Prep 125 Questions
2026-2027
Master Exam Prep Bundle
(Verified Questions & Answers)
A+ Grade Guaranteed
, Life Insurance creates an immediate estate. This phrase when the insured dies, a death benefit is paid
means?
Which of the following would not be accomplished with the Risk is eliminated
purchase of a life insurance policy?
What time period allows an insured's life insurance policy Grace period
to remain in force even if the premium was not paid on the
due date?
Victoria owns a life annuity and elects to receive annuity For a minimum of 120 months and a maximum of the remainder of her life
payments monthly for the remainder of her life with "ten
years certain." Her annuity will make payments?
According to section 1729.2 of the California Insurance Misdemeanor charges filed, not resulting in a conviction
Code, which of these does NOT qualify as "background
information?"
The free-look period for life insurance policyowners age 60 30 days
or older is
What type of license is required for an individual who Life and disability analyst
charges a fee to review an insured's existing life insurance
policy?
What determines the Social Security normal retirement Year in which worker was born
age?
Life insurance surplus must be distributed to policyowners Annually
at what frequency?
When a life insurance policy is surrendered, how does the The policy's cost basis is exempt from taxation
cost recovery rule apply?
An agent's attempt to stop the replacement of an existing conservation
life insurance policy is known as
Bruce is involved in an accident and becomes totally and Waiver of premium provision
permanently disabled. His insurance policy continues in
force without payment of further premiums. Which policy
provision is responsible for this?
Cindy buys a 10-year certain annuity with an installment 60 payments
refund. After receiving monthly payments for 5 years,
Cindy dies. How many remaining payments will the insurer
make to her beneficiary?
Lynn owns a life policy that guarantees the right to renew Renewable Term
the policy each year, regardless of health, but at an
increased premium. What kind of policy is this?
