Ca Life Insurance Exam Questions with
100% Correct Answers | Already Graded
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Accelerated Benefits - ✔✔Riders attached to life insurance policies which allow
death benefits to be used to cover nursing or convalescent home expenses.
Accidental death benefits - ✔✔A policy rider that states that the cause of death
will be analyzed to determine if it complies with the policy description of
accidental death.
Accidental death insurance - ✔✔An insurance policy that provides payment if
the insured's death is the result of an accident.
Accumulation Period - ✔✔The time before an annuitant's retirement during
which the annuitant is making payments or investments in an annuity.
Actual Cash Value (ACV) - ✔✔The required amount to pay damages or for
property loss, which is calculated based on the property's current replacement
value minus depreciation.
Adhesion - ✔✔A contract offered on a "take-it-or-leave-it" basis by an insurer,
in which the insured's only option is to accept or reject the contract. Any
ambiguities in the contract will be settled in favor of the insured.
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©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
, Adjustable Life - ✔✔Life insurance which permits changes in the face amount,
premium amount, period of protection, and the duration of the premium
payment period.
Admitted (Authorized) Insurer - ✔✔An insurance company authorized and
licensed to transact business in a particular state.
Adverse Selection - ✔✔The tendency of risks with higher probability of loss to
purchase and maintain insurance more often than the risks who present lower
probability.
Agency - ✔✔An insurance sales office or company.
Agent - ✔✔An individual who is licensed to sell, negotiate, or effect insurance
contracts on behalf of an insurer.
Agent Appointment - ✔✔the authorization of an agent to act for or represent an
insurer
Agent's Authority - ✔✔Special powers granted to an agent by his or her agency
contract.
aleatory - ✔✔A contract in which participating parties exchange unequal
amounts. Insurance contracts are aleatory in that the amount the insured will
2|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
100% Correct Answers | Already Graded
A+
Accelerated Benefits - ✔✔Riders attached to life insurance policies which allow
death benefits to be used to cover nursing or convalescent home expenses.
Accidental death benefits - ✔✔A policy rider that states that the cause of death
will be analyzed to determine if it complies with the policy description of
accidental death.
Accidental death insurance - ✔✔An insurance policy that provides payment if
the insured's death is the result of an accident.
Accumulation Period - ✔✔The time before an annuitant's retirement during
which the annuitant is making payments or investments in an annuity.
Actual Cash Value (ACV) - ✔✔The required amount to pay damages or for
property loss, which is calculated based on the property's current replacement
value minus depreciation.
Adhesion - ✔✔A contract offered on a "take-it-or-leave-it" basis by an insurer,
in which the insured's only option is to accept or reject the contract. Any
ambiguities in the contract will be settled in favor of the insured.
1|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
, Adjustable Life - ✔✔Life insurance which permits changes in the face amount,
premium amount, period of protection, and the duration of the premium
payment period.
Admitted (Authorized) Insurer - ✔✔An insurance company authorized and
licensed to transact business in a particular state.
Adverse Selection - ✔✔The tendency of risks with higher probability of loss to
purchase and maintain insurance more often than the risks who present lower
probability.
Agency - ✔✔An insurance sales office or company.
Agent - ✔✔An individual who is licensed to sell, negotiate, or effect insurance
contracts on behalf of an insurer.
Agent Appointment - ✔✔the authorization of an agent to act for or represent an
insurer
Agent's Authority - ✔✔Special powers granted to an agent by his or her agency
contract.
aleatory - ✔✔A contract in which participating parties exchange unequal
amounts. Insurance contracts are aleatory in that the amount the insured will
2|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
