2/7/25, 7:48 AM Final Exam: California Life, Accident, and Health Insurance 2025|Complete Exam Test |Recently Testing Real Exam Questions|…
Final Exam: California Life, Accident, and Health
Insurance 2025|Complete Exam Test |Recently
Testing Real Exam Questions|Verified Solutions
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Terms in this set (150)
The systematic annuity
liquidation of a sum of
money is provided by
a(n)
https://quizlet.com/1002774053/final-exam-california-life-accident-and-health-insurance-2025complete-exam-test-recently-testing-real-exam-que… 1/21
,2/7/25, 7:48 AM Final Exam: California Life, Accident, and Health Insurance 2025|Complete Exam Test |Recently Testing Real Exam Questions|…
An annuitant would like Variable annuity
to determine the current
value of her annuity. To
do this, she multiplies the
number of "accumulation
units" she owns times the
unit value of the
"separate account". What
kind of annuity BEST
matches this description?
What kind of annuity pays Joint and survivor annuity
income to two annuitants
until their deaths?
What distinguishes a The time at which benefit payments start
deferred annuity from an
immediate annuity?
Victoria owns a life for a minimum of 120 months and a maximum of the
annuity and elects to remainder of her life
receive annuity payments
monthly for the
remainder of her life with
"ten years certain". Her
annuity will make
payments
When a mutual insurer Demutualization
becomes a stock
company, the process is
called
An insurer owned by its mutual insurer
policyholders is called a
Which of the following It is the distribution of excess of funds accumulated
statements regarding a by the insurer on participating policies
life insurance policy
dividend is TRUE?
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, 2/7/25, 7:48 AM Final Exam: California Life, Accident, and Health Insurance 2025|Complete Exam Test |Recently Testing Real Exam Questions|…
A participating company Mutual insurer
is also referred to as
which type of insurer?
Which of the following is Losses due to fraud are eliminated
NOT a benefit of
insurance?
Which of the following is Deductible and coinsurance provision
NOT a provision in a
disability income policy?
Which of these The insurer continues coverage after a new
statements is NOT true elimination period
concerning recurrent
disabilities?
Allen has a disability $5,000
income policy with a
$2,500 monthly benefit
and a 30-day elimination
period. He is unable to
work 90 days following
an automobile accident.
What will the policy pay?
Manuel is considered to Driving
be a disabled person as
defined by the Americans
with Disabilities Act
(ADA). As such, he is
unable to perform any of
the following life
activities EXCEPT
Under a disability income The cause may be intentional, but the result must be
policy, which criteria accidental
must be met for "bodily
injury" to be classified as
accidental?
https://quizlet.com/1002774053/final-exam-california-life-accident-and-health-insurance-2025complete-exam-test-recently-testing-real-exam-que… 3/21
Final Exam: California Life, Accident, and Health
Insurance 2025|Complete Exam Test |Recently
Testing Real Exam Questions|Verified Solutions
(100% correct)
Save
Practice questions for this set
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (150)
The systematic annuity
liquidation of a sum of
money is provided by
a(n)
https://quizlet.com/1002774053/final-exam-california-life-accident-and-health-insurance-2025complete-exam-test-recently-testing-real-exam-que… 1/21
,2/7/25, 7:48 AM Final Exam: California Life, Accident, and Health Insurance 2025|Complete Exam Test |Recently Testing Real Exam Questions|…
An annuitant would like Variable annuity
to determine the current
value of her annuity. To
do this, she multiplies the
number of "accumulation
units" she owns times the
unit value of the
"separate account". What
kind of annuity BEST
matches this description?
What kind of annuity pays Joint and survivor annuity
income to two annuitants
until their deaths?
What distinguishes a The time at which benefit payments start
deferred annuity from an
immediate annuity?
Victoria owns a life for a minimum of 120 months and a maximum of the
annuity and elects to remainder of her life
receive annuity payments
monthly for the
remainder of her life with
"ten years certain". Her
annuity will make
payments
When a mutual insurer Demutualization
becomes a stock
company, the process is
called
An insurer owned by its mutual insurer
policyholders is called a
Which of the following It is the distribution of excess of funds accumulated
statements regarding a by the insurer on participating policies
life insurance policy
dividend is TRUE?
https://quizlet.com/1002774053/final-exam-california-life-accident-and-health-insurance-2025complete-exam-test-recently-testing-real-exam-que… 2/21
, 2/7/25, 7:48 AM Final Exam: California Life, Accident, and Health Insurance 2025|Complete Exam Test |Recently Testing Real Exam Questions|…
A participating company Mutual insurer
is also referred to as
which type of insurer?
Which of the following is Losses due to fraud are eliminated
NOT a benefit of
insurance?
Which of the following is Deductible and coinsurance provision
NOT a provision in a
disability income policy?
Which of these The insurer continues coverage after a new
statements is NOT true elimination period
concerning recurrent
disabilities?
Allen has a disability $5,000
income policy with a
$2,500 monthly benefit
and a 30-day elimination
period. He is unable to
work 90 days following
an automobile accident.
What will the policy pay?
Manuel is considered to Driving
be a disabled person as
defined by the Americans
with Disabilities Act
(ADA). As such, he is
unable to perform any of
the following life
activities EXCEPT
Under a disability income The cause may be intentional, but the result must be
policy, which criteria accidental
must be met for "bodily
injury" to be classified as
accidental?
https://quizlet.com/1002774053/final-exam-california-life-accident-and-health-insurance-2025complete-exam-test-recently-testing-real-exam-que… 3/21
