UTAH BURGLAR ALARM QUALIFYING AGENT
EXAMINATION TEST 2026 QUESTIONS WITH
ANSWERS GRADED A+
◉ Adjustable Life. Answer: At age 30, an applicant wants to start an
insurance program, but realizing that his insurance needs will likely
change, he wants a policy that can be modified to accommodate those
changes as they occur. Which of the following policies would most
likely fit his needs
A) Single Premium Whole Life
B) Interest-sensitive Whole Life
C) Decreasing Term
D) Adjustable Life
◉ The cost of coverage is based on the ratio of men and women in the
group. Answer: Which of the following statements about group life is
correct
A) The premiums are higher than in an individual policy because there is
no medical exam.
B) The group sponsor receives a Certificate of Insurance.
,C) The policy can be converted to an individual term insurance policy.
D) The cost of coverage is based on the ratio of men and women in the
group
◉ It is level term insurance. Answer: Which of the following best
describes annually renewable term insurance
A) It requires proof of insurability at each renewal.
B) Neither the premium nor the death benefit is affected by the insured's
age.
C) It provides an annually increasing death benefit.
D) It is level term insurance
◉ Life Paid-up at Age 65. Answer: Which of the following is an
example of a limited-pay life policy
A) Renewable Term to Age 70
B) Level Term Life
C) Straight Life
D) Life Paid-up at Age 65
◉ Straight Life. Answer: Which of the following policies would be
classified as a traditional level premium contract
, A) Adjustable Life
B) Universal Life
C) Variable Universal Life
D) Straight Life
◉ Required a premium increase each renewal. Answer: A man decided
to purchase a $100,000 Annually Renewable Term Life policy to provide
additional protection until his children finished college. He discovered
that his policy
A) Required a premium increase each renewal.
B) Built cash values.
C) Required proof of insurability every year.
D) Decreased death benefit at each renewal
◉ A level annual premium for the life of the insured. Answer: A Straight
Life policy has what type of premium?
A) A decreasing annual premium for the life of the insured
B) A variable annual premium for the life of the insured
C) A level annual premium for the life of the insured
D) An increasing annual premium for the life of the insured
EXAMINATION TEST 2026 QUESTIONS WITH
ANSWERS GRADED A+
◉ Adjustable Life. Answer: At age 30, an applicant wants to start an
insurance program, but realizing that his insurance needs will likely
change, he wants a policy that can be modified to accommodate those
changes as they occur. Which of the following policies would most
likely fit his needs
A) Single Premium Whole Life
B) Interest-sensitive Whole Life
C) Decreasing Term
D) Adjustable Life
◉ The cost of coverage is based on the ratio of men and women in the
group. Answer: Which of the following statements about group life is
correct
A) The premiums are higher than in an individual policy because there is
no medical exam.
B) The group sponsor receives a Certificate of Insurance.
,C) The policy can be converted to an individual term insurance policy.
D) The cost of coverage is based on the ratio of men and women in the
group
◉ It is level term insurance. Answer: Which of the following best
describes annually renewable term insurance
A) It requires proof of insurability at each renewal.
B) Neither the premium nor the death benefit is affected by the insured's
age.
C) It provides an annually increasing death benefit.
D) It is level term insurance
◉ Life Paid-up at Age 65. Answer: Which of the following is an
example of a limited-pay life policy
A) Renewable Term to Age 70
B) Level Term Life
C) Straight Life
D) Life Paid-up at Age 65
◉ Straight Life. Answer: Which of the following policies would be
classified as a traditional level premium contract
, A) Adjustable Life
B) Universal Life
C) Variable Universal Life
D) Straight Life
◉ Required a premium increase each renewal. Answer: A man decided
to purchase a $100,000 Annually Renewable Term Life policy to provide
additional protection until his children finished college. He discovered
that his policy
A) Required a premium increase each renewal.
B) Built cash values.
C) Required proof of insurability every year.
D) Decreased death benefit at each renewal
◉ A level annual premium for the life of the insured. Answer: A Straight
Life policy has what type of premium?
A) A decreasing annual premium for the life of the insured
B) A variable annual premium for the life of the insured
C) A level annual premium for the life of the insured
D) An increasing annual premium for the life of the insured
