State Practice Examination questions with correct
answers 2025-2026 Edition.
Terms in this set (49)
A life policy that contains a variable universal life policy
montly mortlity charge and
self-directed investment
choices
The combination of whole life and Decreasing
________________________term
insurance is referred to as
Which of the following life universal life
insurance
policies combine term insurance
with an investment element
NOT a limited benefit plan Life insurance policy
Basic hospital and surgical lower then the actual expense
policy benefits are
Life and health insurance policies unilateral contracts
are:
which requires a policyowner to Increase face amount
provide proof of insurability in
an adjustable life policy
A whole life insurance life settlement contract
policyowner doesnt want to
make a premium payment,
which enables the policyowner
to sell the policy for more then
its cash value.
A contract where one party either Adhesion
accepts or rejects the terms of
a contract by
another party is called:
, A life insurance arrangement which IOLI
circumvents insurable intrest
statues is called
Which is NOT included in the Exclusions
policy face?
An insurer musyt provide an 15
insured with
claim forms ___ days after
recieving notic of a loss
variable life products require a hold life + securities license
producer to
How many days from the 45
reinstatement application date
does the insurance
company have to notify M of
the denial before the policy will
automatically place back in
force
what kind of life insurance convertable term
starts out as tem porary
coverage but can be later
modified to permanent
coveragfe without proof of
insurability
Insurance policies are "take it or contracts of adhesion
leave it" which makes them
Warrenty statements guarenteed to be true
which of the following types of 10 year convertible term
term. life policies most likely
contain a renewability feature
a life insurance policy that Whole life
provides a
policyowner with cash value
along with a level face amount
additional coverage can be added decreasing term rider
to a whole life policy by adding
a
45 year old won $100,000. She Deferred fixed annuity
answers 2025-2026 Edition.
Terms in this set (49)
A life policy that contains a variable universal life policy
montly mortlity charge and
self-directed investment
choices
The combination of whole life and Decreasing
________________________term
insurance is referred to as
Which of the following life universal life
insurance
policies combine term insurance
with an investment element
NOT a limited benefit plan Life insurance policy
Basic hospital and surgical lower then the actual expense
policy benefits are
Life and health insurance policies unilateral contracts
are:
which requires a policyowner to Increase face amount
provide proof of insurability in
an adjustable life policy
A whole life insurance life settlement contract
policyowner doesnt want to
make a premium payment,
which enables the policyowner
to sell the policy for more then
its cash value.
A contract where one party either Adhesion
accepts or rejects the terms of
a contract by
another party is called:
, A life insurance arrangement which IOLI
circumvents insurable intrest
statues is called
Which is NOT included in the Exclusions
policy face?
An insurer musyt provide an 15
insured with
claim forms ___ days after
recieving notic of a loss
variable life products require a hold life + securities license
producer to
How many days from the 45
reinstatement application date
does the insurance
company have to notify M of
the denial before the policy will
automatically place back in
force
what kind of life insurance convertable term
starts out as tem porary
coverage but can be later
modified to permanent
coveragfe without proof of
insurability
Insurance policies are "take it or contracts of adhesion
leave it" which makes them
Warrenty statements guarenteed to be true
which of the following types of 10 year convertible term
term. life policies most likely
contain a renewability feature
a life insurance policy that Whole life
provides a
policyowner with cash value
along with a level face amount
additional coverage can be added decreasing term rider
to a whole life policy by adding
a
45 year old won $100,000. She Deferred fixed annuity
