Washingtonl Lifel Insurancel Examl (Latestl
2025/l 2026l Update)l Questionsl &l
Answers|l Gradel A|l 100%l Correctl
(Verifiedl Solutions)
Q:l Anl applicant'sl characterl andl personall habitsl canl bel obtainedl forl underwritingl
purposesl froml whichl source?l a)l Investigativel consumerl reportl b)l Attendingl physician'sl
statementl c)l Medicall Informationl Bureaul (MIB)l d)l Creditl report
Answer:
a)l Investigativel consumerl report
Q:l Anl applicantl intentionallyl lyingl tol anl insurancel companyl onl anl applicationl inl
orderl tol obtainl al cheaperl premiuml isl anl examplel ofl a)l rebatingl b)l coercionl c)l fraudl
d)l twisting
Answer:
c)l fraud
Q:l Proceedsl froml al lifel insurancel policyl arel protectedl froml thel beneficiary'sl creditorsl
byl whichl clause?l a)l protectionl clausel b)l creditorl clausel c)l spendthriftl trustl clausel d)l
beneficiaryl trustl clause
Answer:
c)l spendthriftl trustl clause
Q:l Wherel wouldl policyl proceedsl bel paidl ifl bothl thel insuredl andl primaryl beneficiaryl
werel killedl inl thel samel accident?l a)l primaryl beneficiary'sl estatel b)l contingentl
beneficiaryl c)l insured'sl estatel d)l childrenl ofl thel insured
Answer:
b)l contingentl beneficiary
,Q:l Whatl isl createdl afterl policyl proceedsl arel obtainedl inl al lumpl suml andl thenl
immediatelyl invested?l a)l Viaticall settlementl b)l Emergencyl fundl c)l Lumpl Suml Fundl d)l
Estate
Answer:
d)l Estate
Q:l Whichl settlementl optionl involvesl havingl thel proceedsl remainl withl thel insurerl andl
earningsl paidl onl al monthlyl basisl tol thel beneficiary?l a)l interestl onlyl b)l dividendsl onlyl
c)l extendedl interestl d)l fixedl period
Answer:
a)l Interestl only
Q:l Anl insuredl individuall andl thel policy'sl beneficiaryl diel froml thel samel accident.l
Thel commonl disasterl provisionl statesl thel insurerl willl continuel asl ifl a)l thel insuredl
outlivedl thel beneficiaryl b)l thel beneficiaryl outlivedl thel insuredl c)l nol beneficiaryl wasl
everl namedl d)l thel insuredl andl beneficiaryl diedl atl thel samel time
Answer:
a)l thel insuredl outlivedl thel beneficiary
Q:l Whatl doesl al lifel insurancel policyl guaranteel tol thel statedl beneficiaryl uponl thel
deathl ofl thel insured?l a)l Policyl dividendl b)l Specifiedl amountl ofl moneyl c)l Policy'sl cashl
valuel d)l Funerall expensel fund
Answer:
b)l Specifiedl amountl ofl money
Q:l Thel doublel indemnityl provisionl inl al lifel insurancel policyl pertainsl tol anl insured'sl
deathl causedl byl a(n)l a)l sicknessl b)l suicidel c)l accidentl d)l war
Answer:
c)l accident
,Q:l Howl isl thel costl ofl al policyl affectedl whenl al policyownerl paysl premiumsl morel
frequently?l a)l Notl affectedl b)l Increasesl c)l Decreasesl d)l Dependsl onl thel typel ofl
coverage
Answer:
b)l Increases
Q:l Whichl ofl thesel isl consideredl tol bel al Livingl Benefitl optionl inl al lifel insurancel
policy?l a)l Reinstatementl b)l Waiverl ofl premiuml c)l Acceleratedl deathl benefitl d)l Payorl
benefit
Answer:
c)l Acceleratedl deathl benefit
Q:l Thel premiuml paymentl model thatl resultsl inl thel highestl overalll costl wouldl bel a)l
monthlyl b)l quarterlyl c)l semi-annuall d)l annual
Answer:
a)l monthly
Q:l Whichl ofl thesel isl affectedl byl thel frequencyl ofl anl insurancel policy'sl premiuml
payments?l a)l Settlementl optionsl b)l Cashl valuel c)l Deathl benefitl d)l Cost
Answer:
d)l Cost
Q:l Thel premiuml paymentl model thatl resultsl inl thel leastl overalll costl wouldl bel a)l
monthlyl b)l quarterlyl c)l semi-annuall d)l annual
Answer:
d)l annual
Q:l Thel suicidel clausel ofl al lifel insurancel policyl statesl thatl ifl anl insuredl commitsl
suicidel withinl al statedl periodl froml thel policy'sl inception,l thel insurerl willl onlyl bel
liablel forl al returnl ofl premiumsl paidl a)l minusl indebtednessl andl withl interestl b)l duringl
, thel lastl 12l monthsl c)l minusl indebtednessl andl withoutl interestl d)l duringl thel lastl 6l
months
Answer:
c)l minusl indebtednessl andl withoutl interest
Q:l Mortalityl isl calculatedl byl usingl al largel riskl pooll ofl a)l hobbiesl andl timel b)l
peoplel andl timel c)l familyl historyl andl geographicall areal d)l insurancel companiesl andl
agents
Answer:
b)l peoplel andl time
Q:l Al policyownerl mayl exercisel whichl ofl thesel dividendl optionsl thatl usesl thel
dividendl tol payl alll orl partl ofl thel nextl premiuml due?l a)l Reductionl ofl premiuml
dividendl optionl b)l Extendedl terml optionl c)l Paid-upl optionl d)l Cashl dividendl option
Answer:
a)l Reductionl ofl premiuml dividendl option
Q:l Whichl ofl thel followingl enablesl al lifel policyl tol bel replacedl withl anotherl lifel
policyl andl resultsl inl thel postponementl ofl thel taxl consequence?l a)l Sectionl 1040l
exchangel b)l Sectionl 1035l exchangel c)l Nonforfeiturel Optionl d)l Spendthriftl Opyion
Answer:
a)l Sectionl 1035l exchange
Q:l Kurtl isl anl activel dutyl servicemanl whol wasl recentlyl killedl inl anl accidentl whilel
homel onl leave.l Whichl militaryl servicel exclusionl clausel wouldl payl uponl hisl death?l a)l
Activel b)l Statusl c)l Resultsl d)l Leave
Answer:
c)l Results
2025/l 2026l Update)l Questionsl &l
Answers|l Gradel A|l 100%l Correctl
(Verifiedl Solutions)
Q:l Anl applicant'sl characterl andl personall habitsl canl bel obtainedl forl underwritingl
purposesl froml whichl source?l a)l Investigativel consumerl reportl b)l Attendingl physician'sl
statementl c)l Medicall Informationl Bureaul (MIB)l d)l Creditl report
Answer:
a)l Investigativel consumerl report
Q:l Anl applicantl intentionallyl lyingl tol anl insurancel companyl onl anl applicationl inl
orderl tol obtainl al cheaperl premiuml isl anl examplel ofl a)l rebatingl b)l coercionl c)l fraudl
d)l twisting
Answer:
c)l fraud
Q:l Proceedsl froml al lifel insurancel policyl arel protectedl froml thel beneficiary'sl creditorsl
byl whichl clause?l a)l protectionl clausel b)l creditorl clausel c)l spendthriftl trustl clausel d)l
beneficiaryl trustl clause
Answer:
c)l spendthriftl trustl clause
Q:l Wherel wouldl policyl proceedsl bel paidl ifl bothl thel insuredl andl primaryl beneficiaryl
werel killedl inl thel samel accident?l a)l primaryl beneficiary'sl estatel b)l contingentl
beneficiaryl c)l insured'sl estatel d)l childrenl ofl thel insured
Answer:
b)l contingentl beneficiary
,Q:l Whatl isl createdl afterl policyl proceedsl arel obtainedl inl al lumpl suml andl thenl
immediatelyl invested?l a)l Viaticall settlementl b)l Emergencyl fundl c)l Lumpl Suml Fundl d)l
Estate
Answer:
d)l Estate
Q:l Whichl settlementl optionl involvesl havingl thel proceedsl remainl withl thel insurerl andl
earningsl paidl onl al monthlyl basisl tol thel beneficiary?l a)l interestl onlyl b)l dividendsl onlyl
c)l extendedl interestl d)l fixedl period
Answer:
a)l Interestl only
Q:l Anl insuredl individuall andl thel policy'sl beneficiaryl diel froml thel samel accident.l
Thel commonl disasterl provisionl statesl thel insurerl willl continuel asl ifl a)l thel insuredl
outlivedl thel beneficiaryl b)l thel beneficiaryl outlivedl thel insuredl c)l nol beneficiaryl wasl
everl namedl d)l thel insuredl andl beneficiaryl diedl atl thel samel time
Answer:
a)l thel insuredl outlivedl thel beneficiary
Q:l Whatl doesl al lifel insurancel policyl guaranteel tol thel statedl beneficiaryl uponl thel
deathl ofl thel insured?l a)l Policyl dividendl b)l Specifiedl amountl ofl moneyl c)l Policy'sl cashl
valuel d)l Funerall expensel fund
Answer:
b)l Specifiedl amountl ofl money
Q:l Thel doublel indemnityl provisionl inl al lifel insurancel policyl pertainsl tol anl insured'sl
deathl causedl byl a(n)l a)l sicknessl b)l suicidel c)l accidentl d)l war
Answer:
c)l accident
,Q:l Howl isl thel costl ofl al policyl affectedl whenl al policyownerl paysl premiumsl morel
frequently?l a)l Notl affectedl b)l Increasesl c)l Decreasesl d)l Dependsl onl thel typel ofl
coverage
Answer:
b)l Increases
Q:l Whichl ofl thesel isl consideredl tol bel al Livingl Benefitl optionl inl al lifel insurancel
policy?l a)l Reinstatementl b)l Waiverl ofl premiuml c)l Acceleratedl deathl benefitl d)l Payorl
benefit
Answer:
c)l Acceleratedl deathl benefit
Q:l Thel premiuml paymentl model thatl resultsl inl thel highestl overalll costl wouldl bel a)l
monthlyl b)l quarterlyl c)l semi-annuall d)l annual
Answer:
a)l monthly
Q:l Whichl ofl thesel isl affectedl byl thel frequencyl ofl anl insurancel policy'sl premiuml
payments?l a)l Settlementl optionsl b)l Cashl valuel c)l Deathl benefitl d)l Cost
Answer:
d)l Cost
Q:l Thel premiuml paymentl model thatl resultsl inl thel leastl overalll costl wouldl bel a)l
monthlyl b)l quarterlyl c)l semi-annuall d)l annual
Answer:
d)l annual
Q:l Thel suicidel clausel ofl al lifel insurancel policyl statesl thatl ifl anl insuredl commitsl
suicidel withinl al statedl periodl froml thel policy'sl inception,l thel insurerl willl onlyl bel
liablel forl al returnl ofl premiumsl paidl a)l minusl indebtednessl andl withl interestl b)l duringl
, thel lastl 12l monthsl c)l minusl indebtednessl andl withoutl interestl d)l duringl thel lastl 6l
months
Answer:
c)l minusl indebtednessl andl withoutl interest
Q:l Mortalityl isl calculatedl byl usingl al largel riskl pooll ofl a)l hobbiesl andl timel b)l
peoplel andl timel c)l familyl historyl andl geographicall areal d)l insurancel companiesl andl
agents
Answer:
b)l peoplel andl time
Q:l Al policyownerl mayl exercisel whichl ofl thesel dividendl optionsl thatl usesl thel
dividendl tol payl alll orl partl ofl thel nextl premiuml due?l a)l Reductionl ofl premiuml
dividendl optionl b)l Extendedl terml optionl c)l Paid-upl optionl d)l Cashl dividendl option
Answer:
a)l Reductionl ofl premiuml dividendl option
Q:l Whichl ofl thel followingl enablesl al lifel policyl tol bel replacedl withl anotherl lifel
policyl andl resultsl inl thel postponementl ofl thel taxl consequence?l a)l Sectionl 1040l
exchangel b)l Sectionl 1035l exchangel c)l Nonforfeiturel Optionl d)l Spendthriftl Opyion
Answer:
a)l Sectionl 1035l exchange
Q:l Kurtl isl anl activel dutyl servicemanl whol wasl recentlyl killedl inl anl accidentl whilel
homel onl leave.l Whichl militaryl servicel exclusionl clausel wouldl payl uponl hisl death?l a)l
Activel b)l Statusl c)l Resultsl d)l Leave
Answer:
c)l Results
