Insurance Exam Practice Exam:
Questions and & Complete Answers /
Newest 2025/2026
_____________Quiz____________?
Which of the following annuity benefit payment options would generate the highest monthly
payments to the contract owner upon annuitization? -
Answer✓✓
Pure or straight life
_____________Quiz____________?
All of the following are dividend options on a participating life insurance policy: -
Answer✓✓
Paid-up additions
1-year term
Cash
_____________Quiz____________?
The person upon whose life an annuity is based is known as the: -
Answer✓✓
Insured
_____________Quiz____________?
1
, When a policyowner uses the cash value in their policy to buy a lesser amount of permanent
life insurance, they have exercised which nonforfeiture option: -
Answer✓✓
Reduced paid-up
_____________Quiz____________?
Which of the following life insurance settlement options enables the beneficiary to conserve the
proceeds of a life insurance policy? -
Answer✓✓
Interest only
_____________Quiz____________?
In the case of a variable annuity sold to a senior citizen in this state for which the owner has
directed that the premium be invested in the mutual funds underlying the contract during the
30-day cancellation period, cancellation during that period entitles the owner to a refund of: -
Answer✓✓
The account value
_____________Quiz____________?
All of the following are true regarding annuities -
Answer✓✓
They are purchased by those who are worried about outliving their savings.
2
Questions and & Complete Answers /
Newest 2025/2026
_____________Quiz____________?
Which of the following annuity benefit payment options would generate the highest monthly
payments to the contract owner upon annuitization? -
Answer✓✓
Pure or straight life
_____________Quiz____________?
All of the following are dividend options on a participating life insurance policy: -
Answer✓✓
Paid-up additions
1-year term
Cash
_____________Quiz____________?
The person upon whose life an annuity is based is known as the: -
Answer✓✓
Insured
_____________Quiz____________?
1
, When a policyowner uses the cash value in their policy to buy a lesser amount of permanent
life insurance, they have exercised which nonforfeiture option: -
Answer✓✓
Reduced paid-up
_____________Quiz____________?
Which of the following life insurance settlement options enables the beneficiary to conserve the
proceeds of a life insurance policy? -
Answer✓✓
Interest only
_____________Quiz____________?
In the case of a variable annuity sold to a senior citizen in this state for which the owner has
directed that the premium be invested in the mutual funds underlying the contract during the
30-day cancellation period, cancellation during that period entitles the owner to a refund of: -
Answer✓✓
The account value
_____________Quiz____________?
All of the following are true regarding annuities -
Answer✓✓
They are purchased by those who are worried about outliving their savings.
2
