CA State Life Insurance Practice Exam
2026 Questions and Answers
Single premium deferred annuity - Correct Answer -An annuity that is purchased
with a slump sum premium and whose benefits begin after 12 month is called a
Human Life Value Approach - Correct Answer -A technique used to determine the
amount of life insurance needed by focusing on the projected earning potential of
an insured is called the
At the time of taking the application - Correct Answer -When replacing a policy
the producer must present the applicant with a Notice Regarding Replacement of
Life Insurance
Risk - Correct Answer -The possibility of a financial loss incurred by a life
insurance company for the premature death of an insured is known as a
Medical information on applicants for life and health insurance - Correct Answer -
The Medical Information Bureau (MIB) is a nonprofit trade association that
maintains
©COPYRIGHT 2025 ALL RIGHTS RESERVED 1
, Perjury - Correct Answer -A person who signs a fraudulent claim form may be
found guilty of
Universal life - Correct Answer -Which policy is a combination of annual
renewable term insurance and interest-sensitive cash value?
30 Days - Correct Answer -The right to a full refund of premiums for insureds age
60 or older is
Frequency of premium payment - Correct Answer -The premium modes can be
best described as the
Concealment - Correct Answer -Intentionally omitting a history of heart problems
on an application is
Nonprofit organizations - Correct Answer -A tax-sheltered annuity (TSA) is a
qualified plan available for
Policy owner - Correct Answer -The intent of replacement regulations is to protect
the
Reinstatement - Correct Answer -Which provision allows a lapsed policy to be put
back in force?
©COPYRIGHT 2025 ALL RIGHTS RESERVED 2
2026 Questions and Answers
Single premium deferred annuity - Correct Answer -An annuity that is purchased
with a slump sum premium and whose benefits begin after 12 month is called a
Human Life Value Approach - Correct Answer -A technique used to determine the
amount of life insurance needed by focusing on the projected earning potential of
an insured is called the
At the time of taking the application - Correct Answer -When replacing a policy
the producer must present the applicant with a Notice Regarding Replacement of
Life Insurance
Risk - Correct Answer -The possibility of a financial loss incurred by a life
insurance company for the premature death of an insured is known as a
Medical information on applicants for life and health insurance - Correct Answer -
The Medical Information Bureau (MIB) is a nonprofit trade association that
maintains
©COPYRIGHT 2025 ALL RIGHTS RESERVED 1
, Perjury - Correct Answer -A person who signs a fraudulent claim form may be
found guilty of
Universal life - Correct Answer -Which policy is a combination of annual
renewable term insurance and interest-sensitive cash value?
30 Days - Correct Answer -The right to a full refund of premiums for insureds age
60 or older is
Frequency of premium payment - Correct Answer -The premium modes can be
best described as the
Concealment - Correct Answer -Intentionally omitting a history of heart problems
on an application is
Nonprofit organizations - Correct Answer -A tax-sheltered annuity (TSA) is a
qualified plan available for
Policy owner - Correct Answer -The intent of replacement regulations is to protect
the
Reinstatement - Correct Answer -Which provision allows a lapsed policy to be put
back in force?
©COPYRIGHT 2025 ALL RIGHTS RESERVED 2
