CONNECTICUT LIFE INSURANCE EXAM 2025 WITH
100% ACCURATE SOLUTIONS
Connecti cut Life Insurance
What is the purpose of the Connecticut Life and Health Insurance
Guaranty Association? - ✅✅✅CORRECT -Protects policyowners
against insolvent insurance companies
If an employer decides to cancel a group life insurance plan, it must give
at least --- days notice to the employees prior to the date of cancellation
or discontinuation. - ✅✅✅CORRECT -15
,Rebating is - ✅✅✅CORRECT -an illegal practice in Connecticut
G purchased a Family Income policy at age 40. The policy has a 20-year
rider period. If G were to die at age 50, how long would G's family
receive income? - ✅✅✅CORRECT -10 years
Which provision prevents an insurer from changing the terms of the
contract with the policyowner by referring to documents not found
within the policy itself? - ✅✅✅CORRECT -Entire Contract
provision
A statement made by an insured in an insurance application that must be
true to the best of one's knowledge and which becomes a part of the
contract is known as - ✅✅✅CORRECT -a representation
An underwriter determines that an applicant's risk should be
recategorized due to a health issue. This policy may be issued with a(n) -
✅✅✅CORRECT -extra premium
Which of these is an element of a Variable Life policy? -
✅✅✅CORRECT -A fixed, level premium
All of these Settlement options involve the systematic liquidation of the
death proceeds in the event of the insured's death EXCEPT -
✅✅✅CORRECT -Interest only
, Which type of life insurance beneficiary requires his/her consent when a
change of beneficiary is attempted by the policyowner? -
✅✅✅CORRECT -Irrevocable beneficiary
Which of these terms accurately defines an underwriter's assessment of
information on a life insurance application? - ✅✅✅CORRECT -
Risk classification
S, age 40, is looking to buy a Life Insurance policy that will allow for
increases or decreases in coverage as his needs change. The policy best
suited for S would be - ✅✅✅CORRECT -Universal Life
An example of rebating would be - ✅✅✅CORRECT -returning a
portion of a premium as inducement to purchase insurance
How are policyowner dividends treated in regards to income tax? -
✅✅✅CORRECT -Interest on accumulations is taxed
D owns a Whole Life policy that was purchased 10 years ago. If the
premium payments suddenly stop and D takes no additional action,
which Nonforfeiture Option will the insurer likely proceed with? -
✅✅✅CORRECT -Extended term
100% ACCURATE SOLUTIONS
Connecti cut Life Insurance
What is the purpose of the Connecticut Life and Health Insurance
Guaranty Association? - ✅✅✅CORRECT -Protects policyowners
against insolvent insurance companies
If an employer decides to cancel a group life insurance plan, it must give
at least --- days notice to the employees prior to the date of cancellation
or discontinuation. - ✅✅✅CORRECT -15
,Rebating is - ✅✅✅CORRECT -an illegal practice in Connecticut
G purchased a Family Income policy at age 40. The policy has a 20-year
rider period. If G were to die at age 50, how long would G's family
receive income? - ✅✅✅CORRECT -10 years
Which provision prevents an insurer from changing the terms of the
contract with the policyowner by referring to documents not found
within the policy itself? - ✅✅✅CORRECT -Entire Contract
provision
A statement made by an insured in an insurance application that must be
true to the best of one's knowledge and which becomes a part of the
contract is known as - ✅✅✅CORRECT -a representation
An underwriter determines that an applicant's risk should be
recategorized due to a health issue. This policy may be issued with a(n) -
✅✅✅CORRECT -extra premium
Which of these is an element of a Variable Life policy? -
✅✅✅CORRECT -A fixed, level premium
All of these Settlement options involve the systematic liquidation of the
death proceeds in the event of the insured's death EXCEPT -
✅✅✅CORRECT -Interest only
, Which type of life insurance beneficiary requires his/her consent when a
change of beneficiary is attempted by the policyowner? -
✅✅✅CORRECT -Irrevocable beneficiary
Which of these terms accurately defines an underwriter's assessment of
information on a life insurance application? - ✅✅✅CORRECT -
Risk classification
S, age 40, is looking to buy a Life Insurance policy that will allow for
increases or decreases in coverage as his needs change. The policy best
suited for S would be - ✅✅✅CORRECT -Universal Life
An example of rebating would be - ✅✅✅CORRECT -returning a
portion of a premium as inducement to purchase insurance
How are policyowner dividends treated in regards to income tax? -
✅✅✅CORRECT -Interest on accumulations is taxed
D owns a Whole Life policy that was purchased 10 years ago. If the
premium payments suddenly stop and D takes no additional action,
which Nonforfeiture Option will the insurer likely proceed with? -
✅✅✅CORRECT -Extended term
