COLORADO
LIFE INSURANCE FINAL EXAM PREP
400 Questions + (with 4 Practice Exams)
Each Exam Consist of 100 Multiple choice Questions with
Answers
The Ultimate Study Guide to Pass Your Exam Without Breaking a
Sweat
Inside, you'll get:
,• Simplified Explanations —no jargon, no confusion—just clear, simple language.
• Be Exam-Ready —enter the exam room fully prepared and armed with the confidence to
succeed.
TABLE OF CONTENTS
Colorado Life Insurance Practice Test set 1………………………………03
Colorado Life Insurance Practice Test set 2………………………………33
Colorado Life Insurance Practice Test set 3………………………………67
Colorado Life Insurance Practice Test set
4………………………………102
, Colorado Life Insurance Practice Test set 1
1. A license is deemed to be used for controlled business if during any
12-month period
a) the licensee wrote more than 10 policies on controlled business
b) the licensee's total premiums on controlled business exceeded the total
premiums on all other business
c) the licensee wrote policies totaling more than $25,000 on cnotrolled busi-
ness
d) the licensee's total premiums on controlled business made up more than 25%
of his total premiums
Answer: B) the licensee's total premiums on controlled business exceeded the total
premiums on all other business
2. Which of the following consists of an offer, acceptance, and considera-
, d) representation
Answer: c) contract
3. A life policy that contains a monthly mortality charge as well as self-direct- ed
investment choices is called a(n)
a) joint life policy
b) endowment
c) variable universal life policy
d) universal life policy
Answer: c) variable universal life policy
4. The annuity that represents the largest possible monthly payment to an
individual annuitant is a(n):
a) cash refund
b) installment refund
c) straight life annuity
d) life annuity with period certain
Answer: c) straight life annuity
5. All of these statements about the Waiver of Premium provision are correct
EXCEPT
a) awaiting period must pass before becoming eligible for benefits
b) waiver of premium is available on both permanent and term insurance
policies
LIFE INSURANCE FINAL EXAM PREP
400 Questions + (with 4 Practice Exams)
Each Exam Consist of 100 Multiple choice Questions with
Answers
The Ultimate Study Guide to Pass Your Exam Without Breaking a
Sweat
Inside, you'll get:
,• Simplified Explanations —no jargon, no confusion—just clear, simple language.
• Be Exam-Ready —enter the exam room fully prepared and armed with the confidence to
succeed.
TABLE OF CONTENTS
Colorado Life Insurance Practice Test set 1………………………………03
Colorado Life Insurance Practice Test set 2………………………………33
Colorado Life Insurance Practice Test set 3………………………………67
Colorado Life Insurance Practice Test set
4………………………………102
, Colorado Life Insurance Practice Test set 1
1. A license is deemed to be used for controlled business if during any
12-month period
a) the licensee wrote more than 10 policies on controlled business
b) the licensee's total premiums on controlled business exceeded the total
premiums on all other business
c) the licensee wrote policies totaling more than $25,000 on cnotrolled busi-
ness
d) the licensee's total premiums on controlled business made up more than 25%
of his total premiums
Answer: B) the licensee's total premiums on controlled business exceeded the total
premiums on all other business
2. Which of the following consists of an offer, acceptance, and considera-
, d) representation
Answer: c) contract
3. A life policy that contains a monthly mortality charge as well as self-direct- ed
investment choices is called a(n)
a) joint life policy
b) endowment
c) variable universal life policy
d) universal life policy
Answer: c) variable universal life policy
4. The annuity that represents the largest possible monthly payment to an
individual annuitant is a(n):
a) cash refund
b) installment refund
c) straight life annuity
d) life annuity with period certain
Answer: c) straight life annuity
5. All of these statements about the Waiver of Premium provision are correct
EXCEPT
a) awaiting period must pass before becoming eligible for benefits
b) waiver of premium is available on both permanent and term insurance
policies
