Florida 2-15 Insurance License Exam SCRIPT
2026/2027 WITH EXPERT-VERIFIED ANSWERS
RATED A+
• What is a term life insurance policy? -✓✓ A type of life insurance that provides
coverage for a specific period, paying a death benefit only if the insured dies during that
term.
• What is whole life insurance? -✓✓ A permanent life insurance policy that provides a
death benefit and accumulates cash value over time, remaining in force for the insured's
lifetime.
• What is universal life insurance? -✓✓ A flexible permanent life insurance policy that
combines a death benefit with a cash value component, allowing policyholders to adjust
premiums and coverage.
• What is variable life insurance? -✓✓ A type of permanent life insurance where the
cash value and death benefit can fluctuate based on the performance of investment
options chosen by the policyholder.
• What is an annuity? -✓✓ A financial product that provides a series of payments made
at regular intervals, often used for retirement income.
• What is health insurance? -✓✓ A type of insurance that covers medical expenses for
illnesses, injuries, and other health-related issues.
• What is disability income insurance? -✓✓ Insurance that provides income to
individuals who are unable to work due to a disability.
• What is long-term care insurance? -✓✓ Insurance designed to cover the cost of long-
term care services, such as nursing homes or in-home care, not covered by regular
health insurance.
• What is Medicare? -✓✓ A federal health insurance program for individuals aged 65
and older, and for some younger people with disabilities.
• What is Social Security? -✓✓ A government program that provides financial assistance
to retirees, disabled individuals, and survivors of deceased workers.
• What are policy provisions? -✓✓ Specific clauses in an insurance policy that outline
the rights and responsibilities of both the insurer and the insured.
2026/2027 WITH EXPERT-VERIFIED ANSWERS
RATED A+
• What is a term life insurance policy? -✓✓ A type of life insurance that provides
coverage for a specific period, paying a death benefit only if the insured dies during that
term.
• What is whole life insurance? -✓✓ A permanent life insurance policy that provides a
death benefit and accumulates cash value over time, remaining in force for the insured's
lifetime.
• What is universal life insurance? -✓✓ A flexible permanent life insurance policy that
combines a death benefit with a cash value component, allowing policyholders to adjust
premiums and coverage.
• What is variable life insurance? -✓✓ A type of permanent life insurance where the
cash value and death benefit can fluctuate based on the performance of investment
options chosen by the policyholder.
• What is an annuity? -✓✓ A financial product that provides a series of payments made
at regular intervals, often used for retirement income.
• What is health insurance? -✓✓ A type of insurance that covers medical expenses for
illnesses, injuries, and other health-related issues.
• What is disability income insurance? -✓✓ Insurance that provides income to
individuals who are unable to work due to a disability.
• What is long-term care insurance? -✓✓ Insurance designed to cover the cost of long-
term care services, such as nursing homes or in-home care, not covered by regular
health insurance.
• What is Medicare? -✓✓ A federal health insurance program for individuals aged 65
and older, and for some younger people with disabilities.
• What is Social Security? -✓✓ A government program that provides financial assistance
to retirees, disabled individuals, and survivors of deceased workers.
• What are policy provisions? -✓✓ Specific clauses in an insurance policy that outline
the rights and responsibilities of both the insurer and the insured.
