UTAH BURGLAR ALARM QUALIFYING AGENT
ACTUAL EXAM PAPER 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ Cash values can be borrowed at any time. Answer: What does
"liquidity" refer to in a life insurance policy
A) The policyowner receives dividend checks each year
B) The insured is receiving payments each month is retirement
C) Cash values can be borrowed at any time
D) The death benefit replaces the assets that would have accumulated if
the insured not died
◉ Insurers are barred from requesting HIV testing. Answer: Which of
the following statements regarding HIV testing for life insurance
purposes is NOT true
A) The testing practices must meet the criteria of the U.S. Department of
Health and Human Services
B) HIV testing is regulated at the state level
C) Insurers are barred from requesting HIV testing
D) Positive test results will be forwarded to the state's Department of
Health if a physician is not selected by the applicant
,◉ An applicant who is a smoker. Answer: Which of the following
applicants could the insurer charge a higher rate of premium and not
violate regulations regarding unfair discrimination
A) An applicant who is a smoker
B) An applicant who was born in another country
C) An applicant who is legally blind
D) An applicant who has been a victim of domestic abuse
◉ Whole life. Answer: Which of the following types of insurance
policies would perform the function of cash accumulation
A) Credit life
B) Increasing term
C) Whole life
D) Term life
◉ Buy-sell agreements are normally funded with a life insurance policy.
Answer: Which of the following statements concerning buy-sell
agreements is true
A) Benefits received are considered income taxable
, B) Buy-sell agreements pay in the event of a medical emergency
C) Buy-sell agreements are normally funded with a life insurance policy
D) Premiums paid are deductible as a business expense
◉ With the policy. Answer: If a policy includes a free-look period of at
least 10 days, the Buyer's Guide must be delivered to the applicant
A) With the policy
B) Upon issuance of the policy
C) Prior to accepting an initial premium
D) Prior to filling out an application for insurance
◉ Buyer's Guide. Answer: Which of the following is a generic consumer
publication that explains life insurance in general terms in order to assist
the applicant in the decision-making process
A) Policy Summary
B) Illustrations
C) Buyer's Guide
D) Insurance Index
◉ Pays dividends to policyowners. Answer: Which of the following is
usually true of a participating life insurance policy
ACTUAL EXAM PAPER 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ Cash values can be borrowed at any time. Answer: What does
"liquidity" refer to in a life insurance policy
A) The policyowner receives dividend checks each year
B) The insured is receiving payments each month is retirement
C) Cash values can be borrowed at any time
D) The death benefit replaces the assets that would have accumulated if
the insured not died
◉ Insurers are barred from requesting HIV testing. Answer: Which of
the following statements regarding HIV testing for life insurance
purposes is NOT true
A) The testing practices must meet the criteria of the U.S. Department of
Health and Human Services
B) HIV testing is regulated at the state level
C) Insurers are barred from requesting HIV testing
D) Positive test results will be forwarded to the state's Department of
Health if a physician is not selected by the applicant
,◉ An applicant who is a smoker. Answer: Which of the following
applicants could the insurer charge a higher rate of premium and not
violate regulations regarding unfair discrimination
A) An applicant who is a smoker
B) An applicant who was born in another country
C) An applicant who is legally blind
D) An applicant who has been a victim of domestic abuse
◉ Whole life. Answer: Which of the following types of insurance
policies would perform the function of cash accumulation
A) Credit life
B) Increasing term
C) Whole life
D) Term life
◉ Buy-sell agreements are normally funded with a life insurance policy.
Answer: Which of the following statements concerning buy-sell
agreements is true
A) Benefits received are considered income taxable
, B) Buy-sell agreements pay in the event of a medical emergency
C) Buy-sell agreements are normally funded with a life insurance policy
D) Premiums paid are deductible as a business expense
◉ With the policy. Answer: If a policy includes a free-look period of at
least 10 days, the Buyer's Guide must be delivered to the applicant
A) With the policy
B) Upon issuance of the policy
C) Prior to accepting an initial premium
D) Prior to filling out an application for insurance
◉ Buyer's Guide. Answer: Which of the following is a generic consumer
publication that explains life insurance in general terms in order to assist
the applicant in the decision-making process
A) Policy Summary
B) Illustrations
C) Buyer's Guide
D) Insurance Index
◉ Pays dividends to policyowners. Answer: Which of the following is
usually true of a participating life insurance policy
