CISR - Health & Life Essentials Questions
with Correct Answers 2025
In a Life Insurance Contract, who is the insured? - CORRECT ANSWER -
The person whose life is insured.
What requirements must be met for a person to be insured? - CORRECT ANSWER -1 -
Be insurable based on underwriting guidelines.
2 - Answer all questions and sign applications (unless a minor).
3 - Grant permission to obtain information such as APS & MIB.
According to Life Insurance Contracts, the owner may or not be the insured. If the owner is not
the insured what must he or she have? - CORRECT ANSWER -Insurable interest -
a legitimate reason to purchase insurance on the insured's life.
What does the owner of a Life Insurance policy have the power to do? - CORRECT ANSWER -1 -
Name the beneficiary.
2 - Make changes to the policy.
3 - Control cash values.
4 - Select available options.
5 - Assign or change ownership of policy.
, According to a Life Insurance policy, who is a premium payor? - CORRECT ANSWER -
The person who pays the premiums on the insurance policy. This person can also be the owner
and/or insured.
According to a Life Insurance policy, what is a beneficiary? - CORRECT ANSWER -
The individual(s) or entity who receives the death benefit from the life insurance policy.
What is the Survivorship Clause? - CORRECT ANSWER -
When the death of the insured and the primary is at the same time, the benefits would skip th
e primary beneficiary and paid to the contingent; if the contingent is not made, proceeds go to
the estate of the insured.
What does revocable mean? - CORRECT ANSWER -Can be changed anytime by the owner.
What does irrevocable mean? - CORRECT ANSWER -
Can only be changed with consent of that beneficiary.
According to a Life Insurance policy, who is the assignee? - CORRECT ANSWER -
The person or entity to whom the title, rights, and benefits under a life insurance policy are as
signed and is in addition to the beneficiary.
When can a transfer of benefits occur? - CORRECT ANSWER -
When the assignor, or owner of a life insurance policy, transfers the benefits as collateral, ensu
ring a debt is paid.
Who evaluates the applicant or risk through the process of underwriting and makes an offer of
insurance? - CORRECT ANSWER -The insurer (also known as the company or carrier).
Why might people be required to purchase Life Insurance? - CORRECT ANSWER -1 -
Requirement for a loan.
with Correct Answers 2025
In a Life Insurance Contract, who is the insured? - CORRECT ANSWER -
The person whose life is insured.
What requirements must be met for a person to be insured? - CORRECT ANSWER -1 -
Be insurable based on underwriting guidelines.
2 - Answer all questions and sign applications (unless a minor).
3 - Grant permission to obtain information such as APS & MIB.
According to Life Insurance Contracts, the owner may or not be the insured. If the owner is not
the insured what must he or she have? - CORRECT ANSWER -Insurable interest -
a legitimate reason to purchase insurance on the insured's life.
What does the owner of a Life Insurance policy have the power to do? - CORRECT ANSWER -1 -
Name the beneficiary.
2 - Make changes to the policy.
3 - Control cash values.
4 - Select available options.
5 - Assign or change ownership of policy.
, According to a Life Insurance policy, who is a premium payor? - CORRECT ANSWER -
The person who pays the premiums on the insurance policy. This person can also be the owner
and/or insured.
According to a Life Insurance policy, what is a beneficiary? - CORRECT ANSWER -
The individual(s) or entity who receives the death benefit from the life insurance policy.
What is the Survivorship Clause? - CORRECT ANSWER -
When the death of the insured and the primary is at the same time, the benefits would skip th
e primary beneficiary and paid to the contingent; if the contingent is not made, proceeds go to
the estate of the insured.
What does revocable mean? - CORRECT ANSWER -Can be changed anytime by the owner.
What does irrevocable mean? - CORRECT ANSWER -
Can only be changed with consent of that beneficiary.
According to a Life Insurance policy, who is the assignee? - CORRECT ANSWER -
The person or entity to whom the title, rights, and benefits under a life insurance policy are as
signed and is in addition to the beneficiary.
When can a transfer of benefits occur? - CORRECT ANSWER -
When the assignor, or owner of a life insurance policy, transfers the benefits as collateral, ensu
ring a debt is paid.
Who evaluates the applicant or risk through the process of underwriting and makes an offer of
insurance? - CORRECT ANSWER -The insurer (also known as the company or carrier).
Why might people be required to purchase Life Insurance? - CORRECT ANSWER -1 -
Requirement for a loan.
