1
California Life, Accident, and Health
Insurance 2025 Real Exam Questions And
Answers ( 100% ACCURATE) GET IT
RIGHT!!
Which of the following are common personal uses for life insurance -
(ANSWER)Estate planning, Cash accumulation, Protection of survivors
Which of the following is a characteristic of an interest sensitive whole life policy -
(ANSWER)Flexible premiums, Guaranteed minimum death benefit, Guaranteed
minimum rate of return.
What type of policy provides coverage for life, but the premiums are not due
beyond age 65, has guaranteed premium, accumulates cash value and the
coverage will never decrease - (ANSWER)A limited pay life policy
Under the PPACA, the shared responsibility payment is assessed on what basis? -
(ANSWER)Monthly
Which of the following statements is true about conditions to reinstate a lapsed
life insurance policy? - (ANSWER)The policy has been expired no more than 3
years
An insurance company whose main responsibility is to make money for its
policyholders is called a: - (ANSWER)Mutual insurance company
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How does the California Insurance Code define an insurance contract? -
(ANSWER)A legal agreement made between an insurance company and an
individual
An individual disability policy will be characterized in all of the following ways -
(ANSWER)The benefit is a stated dollar amount based on a percentage of income
per month.
The premium is established by the insured's occupation and health status
The company may be able to increase premiums
Disability benefits are required to be paid no less than monthly..
Which of the following nonforfeiture options permits the policyowner to use the
cash values to purchase paid-up term life insurance coverage? -
(ANSWER)Extended term
Which of the following statements is true about the Guaranteed Insurability
rider? - (ANSWER)The policy will provide specific dates on which additional life
insurance policies can be bought.
Which of the following is true about licensed life-only agents? -
(ANSWER)Licensed life-only agents can be appointed by an unlimited number of
companies.
California Life, Accident, and Health
Insurance 2025 Real Exam Questions And
Answers ( 100% ACCURATE) GET IT
RIGHT!!
Which of the following are common personal uses for life insurance -
(ANSWER)Estate planning, Cash accumulation, Protection of survivors
Which of the following is a characteristic of an interest sensitive whole life policy -
(ANSWER)Flexible premiums, Guaranteed minimum death benefit, Guaranteed
minimum rate of return.
What type of policy provides coverage for life, but the premiums are not due
beyond age 65, has guaranteed premium, accumulates cash value and the
coverage will never decrease - (ANSWER)A limited pay life policy
Under the PPACA, the shared responsibility payment is assessed on what basis? -
(ANSWER)Monthly
Which of the following statements is true about conditions to reinstate a lapsed
life insurance policy? - (ANSWER)The policy has been expired no more than 3
years
An insurance company whose main responsibility is to make money for its
policyholders is called a: - (ANSWER)Mutual insurance company
, 2
How does the California Insurance Code define an insurance contract? -
(ANSWER)A legal agreement made between an insurance company and an
individual
An individual disability policy will be characterized in all of the following ways -
(ANSWER)The benefit is a stated dollar amount based on a percentage of income
per month.
The premium is established by the insured's occupation and health status
The company may be able to increase premiums
Disability benefits are required to be paid no less than monthly..
Which of the following nonforfeiture options permits the policyowner to use the
cash values to purchase paid-up term life insurance coverage? -
(ANSWER)Extended term
Which of the following statements is true about the Guaranteed Insurability
rider? - (ANSWER)The policy will provide specific dates on which additional life
insurance policies can be bought.
Which of the following is true about licensed life-only agents? -
(ANSWER)Licensed life-only agents can be appointed by an unlimited number of
companies.
