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DELAWARE LIFE INSURANCE EXAM TERMS 2026 COMPLETE STUDY GUIDE WITH DEFINITIONS AND ANSWERS

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DELAWARE LIFE INSURANCE EXAM TERMS 2026 COMPLETE STUDY GUIDE WITH DEFINITIONS AND ANSWERS

Institution
DELAWARE LIFE INSURANCE
Course
DELAWARE LIFE INSURANCE








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Institution
DELAWARE LIFE INSURANCE
Course
DELAWARE LIFE INSURANCE

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Uploaded on
January 15, 2026
Number of pages
4
Written in
2025/2026
Type
Exam (elaborations)
Contains
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DELAWARE LIFE INSURANCE EXAM TERMS
2026 COMPLETE STUDY GUIDE WITH
DEFINITIONS AND ANSWERS

◉ Applicant or proposed insured. Answer: a person applying for
insurance


◉ Consent. Answer: permission to do something


◉ Insurable interest. Answer: the policyowner facing the possibility
of losing something of value in the event of loss


◉ Insurance policy. Answer: a contract between a policyowner
(and/or insured) and an insurance company which agrees to pay the
insured or the beneficiary for loss caused by specific events


◉ Insured. Answer: person covered by the insurance policy; may or
may not be the policyowner


◉ Insurer (principal). Answer: the company who issues an
insurance policy

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