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Key Latest 2026 Prep Questions and Correct
Answers/ WGU D426 Data Management Foundations
Real Exam Practice Test
All personal insurance contracts are referred to as
_______ contracts because only one party writes the
contract without imput from the other party. -
..ANSWER...✓✓ Unilateral
an insurer incorporated or organized in another country,
but has operations in the state of North Carolina -
..ANSWER...✓✓ Alien
an insurer incorporated and domiciled in another state
other than North Carolina but is doing business in North
Carolina - ..ANSWER...✓✓ Foreign
insurance covers members of a group with each member
providing benefits to each member if the member suffers
a loss - ..ANSWER...✓✓ Reciprocal Exchanges
Type of insurance is used between insurers to provide
insurance on the same risk. - ..ANSWER...✓✓
Reinsurance
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Determines the cash and income needs of a family if the
insured dies - ..ANSWER...✓✓ Financial Needs Analysis
Criteria for insurable risk - ..ANSWER...✓✓ Accidental,
Measurable, Non Catastrophic, Large number of similar
exposures.
a guarantee that statements given by the applicant in the
application for insurance are absolute facts about a risk -
..ANSWER...✓✓ Warranty
a contract type that promises to pay an amount equal to
the property covered under the policy if a loss occurs -
..ANSWER...✓✓ Indemnity
Require Underwriting, are less expensive than a
standalone policy, typically for a specified amount of
coverage, and are for a stated period of time. -
..ANSWER...✓✓ Life Insurance Riders
Add to the whole life portion of the Face amount plus
Cash Value Policy to provide the addition sum if the
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insured dies prematurely. Keeps pace with the growing
cash value in the policy and pays the addition sum if the
insured dies. - ..ANSWER...✓✓ Increasing Term
Provides the same amount of coverage for both
candidates - ..ANSWER...✓✓ Joint Life
features Whole Life and Level Term insurance. The Level
Term provides the income payments. As long as the term
period had not expired, the full benefit is paid -
..ANSWER...✓✓ Family Maintenance Policy
Premiums are not required at the __ age, The death
benefit will remain level until the policy maturity date,
premiums are level until the age ___. the cash value
equals the death benefit at 100 - ..ANSWER...✓✓ Life Paid
up at ___
The Endowment policy is specifically designed as a policy
to provide the insured with funds to be used for purposes
such as retirement. The policy provides a death benefit
equal to the Endowment amount if the insured does not
live to the maturity date of the policy. - ..ANSWER...✓✓
Endowment
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Premiums are payable on a monthly basis, it may be
purchased in large amounts of death benefit, the face
amount will normally exceed $1000 per policy, level
premiums for the life of the contract/ - ..ANSWER...✓✓
Ordinary Whole Life Insurance
Combines Whole Life and Level Term insurance. The
Level Term will last for a stated period such as 20 years
and then will expire leaving the Whole Life as the
remaining coverage. K indicated that she wanted the
insurance death benefits to be "level" for at least 20
years. The Family Maintenance Policy will fit the need.
Provides payment of an income for a selected, fixed
period of years beginning from the date of the insureds
death. - ..ANSWER...✓✓ Family Maintenance Policy
Requires back premiums to be paid for the time that the
policy had the lower term premium - ..ANSWER...✓✓
Converting Term Life to Whole Life Original Age Method
not affected by the medical condition that reveals itself
after the policy was issued as long as the condition was
not diagnosed prior to the application date for the policy. -
..ANSWER...✓✓ Right to Renew Term
Key Latest 2026 Prep Questions and Correct
Answers/ WGU D426 Data Management Foundations
Real Exam Practice Test
All personal insurance contracts are referred to as
_______ contracts because only one party writes the
contract without imput from the other party. -
..ANSWER...✓✓ Unilateral
an insurer incorporated or organized in another country,
but has operations in the state of North Carolina -
..ANSWER...✓✓ Alien
an insurer incorporated and domiciled in another state
other than North Carolina but is doing business in North
Carolina - ..ANSWER...✓✓ Foreign
insurance covers members of a group with each member
providing benefits to each member if the member suffers
a loss - ..ANSWER...✓✓ Reciprocal Exchanges
Type of insurance is used between insurers to provide
insurance on the same risk. - ..ANSWER...✓✓
Reinsurance
,2|Page
Determines the cash and income needs of a family if the
insured dies - ..ANSWER...✓✓ Financial Needs Analysis
Criteria for insurable risk - ..ANSWER...✓✓ Accidental,
Measurable, Non Catastrophic, Large number of similar
exposures.
a guarantee that statements given by the applicant in the
application for insurance are absolute facts about a risk -
..ANSWER...✓✓ Warranty
a contract type that promises to pay an amount equal to
the property covered under the policy if a loss occurs -
..ANSWER...✓✓ Indemnity
Require Underwriting, are less expensive than a
standalone policy, typically for a specified amount of
coverage, and are for a stated period of time. -
..ANSWER...✓✓ Life Insurance Riders
Add to the whole life portion of the Face amount plus
Cash Value Policy to provide the addition sum if the
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insured dies prematurely. Keeps pace with the growing
cash value in the policy and pays the addition sum if the
insured dies. - ..ANSWER...✓✓ Increasing Term
Provides the same amount of coverage for both
candidates - ..ANSWER...✓✓ Joint Life
features Whole Life and Level Term insurance. The Level
Term provides the income payments. As long as the term
period had not expired, the full benefit is paid -
..ANSWER...✓✓ Family Maintenance Policy
Premiums are not required at the __ age, The death
benefit will remain level until the policy maturity date,
premiums are level until the age ___. the cash value
equals the death benefit at 100 - ..ANSWER...✓✓ Life Paid
up at ___
The Endowment policy is specifically designed as a policy
to provide the insured with funds to be used for purposes
such as retirement. The policy provides a death benefit
equal to the Endowment amount if the insured does not
live to the maturity date of the policy. - ..ANSWER...✓✓
Endowment
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Premiums are payable on a monthly basis, it may be
purchased in large amounts of death benefit, the face
amount will normally exceed $1000 per policy, level
premiums for the life of the contract/ - ..ANSWER...✓✓
Ordinary Whole Life Insurance
Combines Whole Life and Level Term insurance. The
Level Term will last for a stated period such as 20 years
and then will expire leaving the Whole Life as the
remaining coverage. K indicated that she wanted the
insurance death benefits to be "level" for at least 20
years. The Family Maintenance Policy will fit the need.
Provides payment of an income for a selected, fixed
period of years beginning from the date of the insureds
death. - ..ANSWER...✓✓ Family Maintenance Policy
Requires back premiums to be paid for the time that the
policy had the lower term premium - ..ANSWER...✓✓
Converting Term Life to Whole Life Original Age Method
not affected by the medical condition that reveals itself
after the policy was issued as long as the condition was
not diagnosed prior to the application date for the policy. -
..ANSWER...✓✓ Right to Renew Term
