CA LIFE INSURANCE PRACTICE SET 2026
CORE TOPICS QUESTIONS ANSWERS
HIGH YIELD A+
◉ Under a health insurance policy, the provision that states the kind
of benefits provided and the circumstances under which they will be
paid is called the?
Answer: insuring clause
◉ What distinguishes a deferred annuity from an immediate
annuity?
Answer: The time at which benefit payments start
◉ The elimination period in a disability income policy serves the
same purpose as
Answer: a deductible
◉ Which of the following is NOT a common life insurance policy
rider?
Answer: extended term
,◉ When an accidental death benefit is added to a whole life policy,
how does this affect the policy's cash value?
Answer: Policy's cash value is not affected
◉ An insured is protected from the expense of a catastrophic illness
by which of the following health insurance provisions?
Answer: Stop-loss
◉ A hazard can be best described as
Answer: a condition that may increase the likelihood of a loss
occuring
◉ Which of the following is NOT a true description of non-medical
life insurance?
Answer: Applicants are not required to answer medical questions on
the application
◉ Tom is shopping for a policy that covers two people and would
pay the face amount ONLY when the first person dies. The type of life
policy he is looking for is called a
Answer: Joint life policy
, ◉ What does the term "illustration" mean when used in the phrase
"life insurance policy illustration", according to the California
Insurance Code?
Answer: Presentation of policy features that includes non-
guaranteed elements
◉ What type of license is required for an individual who charges a
fee to review an insured's existing life insurance policy?
Answer: Life and disability analyst
◉ What area of group health insurance is regulated under the
Employee Retirement Security Act of 1974 (ERISA)?
Answer: Disclosure and reporting
◉ Premiums are best described as
Answer: the amount an insured pays per unit of coverage
◉ A life insurance policy's limit of liability would be
Answer: the policy's face amount
◉ How does underwriting differ between group life and individual
life insurance?
Answer: Medical questions must be answered on individual life
insurance
CORE TOPICS QUESTIONS ANSWERS
HIGH YIELD A+
◉ Under a health insurance policy, the provision that states the kind
of benefits provided and the circumstances under which they will be
paid is called the?
Answer: insuring clause
◉ What distinguishes a deferred annuity from an immediate
annuity?
Answer: The time at which benefit payments start
◉ The elimination period in a disability income policy serves the
same purpose as
Answer: a deductible
◉ Which of the following is NOT a common life insurance policy
rider?
Answer: extended term
,◉ When an accidental death benefit is added to a whole life policy,
how does this affect the policy's cash value?
Answer: Policy's cash value is not affected
◉ An insured is protected from the expense of a catastrophic illness
by which of the following health insurance provisions?
Answer: Stop-loss
◉ A hazard can be best described as
Answer: a condition that may increase the likelihood of a loss
occuring
◉ Which of the following is NOT a true description of non-medical
life insurance?
Answer: Applicants are not required to answer medical questions on
the application
◉ Tom is shopping for a policy that covers two people and would
pay the face amount ONLY when the first person dies. The type of life
policy he is looking for is called a
Answer: Joint life policy
, ◉ What does the term "illustration" mean when used in the phrase
"life insurance policy illustration", according to the California
Insurance Code?
Answer: Presentation of policy features that includes non-
guaranteed elements
◉ What type of license is required for an individual who charges a
fee to review an insured's existing life insurance policy?
Answer: Life and disability analyst
◉ What area of group health insurance is regulated under the
Employee Retirement Security Act of 1974 (ERISA)?
Answer: Disclosure and reporting
◉ Premiums are best described as
Answer: the amount an insured pays per unit of coverage
◉ A life insurance policy's limit of liability would be
Answer: the policy's face amount
◉ How does underwriting differ between group life and individual
life insurance?
Answer: Medical questions must be answered on individual life
insurance
