Kansas Life & Health Insurance Final Exam Practice – All Questions & 100% Correct Answers (2026–2027)

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Kansas Life & Health Insurance Final Exam ALL QUESTIONS AND 100% CORRECT ANSWERS
ALREADY GRADED A+ - LATEST UPDATE 2026-2027




When can a policy owner change a revocable beneficiary? - CORRECT
ANSWER Anytime


QUESTION : J would like to maintain the right to change beneficiaries. Which
beneficiary designation should be used? - CORRECT ANSWER Revocable


QUESTION : M purchased an Accidental Death and Dismemberment (AD&D)
policy and named his son as beneficiary. M has the right to change the
beneficiary designation at anytime. What type of beneficiary is his son? -
CORRECT ANSWER Revocable Beneficiary



QUESTION : revocable beneficiary - CORRECT ANSWER the policy owner
may change the beneficiary at any time without notifying or getting permission
from the beneficiary.


QUESTION : K is the insured and P is the sole beneficiary on a life insurance
policy. Both are involved in a fatal accident where K dies before P. Under the
Common Disaster provision, which of these statements is true? - CORRECT
ANSWER Proceeds will be paid to K's estate if P dies within a specified time


QUESTION : How would a contingent beneficiary receive the policy proceeds in
an Accidental Death and Dismemberment (AD&D) policy? - CORRECT
ANSWER If the primary beneficiary dies before the insured




UPDATED exam 2026

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QUESTION : Which statement is true regarding a minor beneficiary - CORRECT
ANSWER Normally, a guardian is required to be appointed in the Beneficiary
clause of the contract


QUESTION : A life insurance application must be signed by all of these EXCEPT -
CORRECT ANSWER Beneficiaries are not required to sign an insurance
application


QUESTION : K applies for a life insurance policy on herself and submits the
initial premium with the application. She is given a receipt by the agent stating
that coverage begins immediately if the application is approved. What kind of
receipt was used? - CORRECT ANSWER A conditional receipt indicates that
certain conditions must be met in order for the insurance coverage to go into
effect.


QUESTION : P is a producer who notices 5 questions on a life application were
not answered. What actions should P take? - CORRECT ANSWER Schedule
another appointment with the applicant to complete the unanswered questions


QUESTION : M completes an application for life insurance but does not pay the
initial premium. All of these actions must occur before M's policy goes into effect
EXCEPT - CORRECT ANSWER Free-look period has expired


QUESTION : An applicant's medical information received from the Medical
Information Bureau (MIB) may be furnished to the - CORRECT ANSWER
Applicant's physician


QUESTION : On August 6, D submitted an application for a $50,000 Life
Insurance policy and did not pay the initial premium. On August 18, D went to his
doctor complaining of chest pains and some tests were given by the doctor. The
life policy was delivered by the producer on August 20 and D explains what had
recently taken place with the doctor. What action should the producer then take?
- CORRECT ANSWER Collect initial premium along with a signed health
statement



UPDATED exam 2026

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QUESTION : What is being delivered during a policy delivery? - CORRECT
ANSWER Insurance contract to the proposed insured


QUESTION : Before a life insurance policy is issued, which of these components
of the contract is required? - CORRECT ANSWER Applicant's signature on
application


QUESTION : Which of the following is an important underwriting principle of
group life insurance? - CORRECT ANSWER Everyone must be covered in the
group


QUESTION : A noncontributory group term life plan is characterized by -
CORRECT ANSWER the entire cost of the plan is paid for by the employer


QUESTION : A person who is insured within a group contract will be given a -
CORRECT ANSWER certificate



QUESTION : Group life insurance policies are generally written as - CORRECT
ANSWER annually renewable term


QUESTION : Which provision is NOT a requirement in a group life policy? -
CORRECT ANSWER Accidental


QUESTION : If its employees share in the cost of insurance, what type of group
life insurance plan would a corporation have? - CORRECT ANSWER
Contributory


QUESTION : W is a 39-year old female who just purchased an annuity to provide
income for life starting at age 60. All of these would be acceptable annuity
choices EXCEPT a(n) - CORRECT ANSWER Immediate annuity



UPDATED exam 2026

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QUESTION : What type of annuity has a cash value that is based upon the
performance of it's underlying investment funds? - CORRECT ANSWER
Variable


QUESTION : T has an annuity that guarantees an income payment for the rest of
his life. The contract also guarantees that if T dies before receiving payments for
20 years, the remaining payments will be paid to his son for the balance of the 20
years. What type of annuity is this - CORRECT ANSWER Life Annuity with
period certain


QUESTION : Which of these statements concerning an Individual Straight Life
annuity is accurate? - CORRECT ANSWER Payments are made to an
annuitant for life


QUESTION : An individual who purchases a Life annuity is given protection
against - CORRECT ANSWER The risk of living longer than expected


QUESTION : What is Old Age and Survivors Health Insurance (OASDHI) also
known as - CORRECT ANSWER Social Security


QUESTION : Which of these retirement plans can be started by an employee,
even if another plan is in existence? - CORRECT ANSWER Individual
Retirement Account (IRA)


QUESTION : Which product would best serve a retired individual looking to
invest a lump-sum of money through an insurance company - CORRECT
ANSWER Annuity


QUESTION : A Key Employee policy is taken out by Company X on its vice
president. Ten years later, this employee leaves Company X and begins working
for Company Y. If this individual were to die and the policy is still in force and




UPDATED exam 2026