UCANPASS ACTUAL ASSESSMENT SCRIPT
2026 COMPLETE QUESTIONS AND FULL
SOLUTION
●● Absolute Assignment.
Answer: A permanent and irrevocable transfer
of rights and/or benefits by the policy owner.
●● Collateral Assignment.
Answer: A temporary and/or revocable transfer
of benefits by the policy owner.
●● Accelerated Death Benefit.
Answer: Policy provision that allows full or partial
payment of the policy's death benefit before the
insured's death if he/she is terminally ill.
●● Accidental Death Benefit.
Answer: An extra cost rider that requires the insurance
company to pay an additional benefit in the event
that the insured dies within 90 days of an
, accident as a direct result of the accident.
●● Accumulate at Interest.
Answer: The Dividend Option where the policy owner
leaves the dividends with the insurer to invest
and earn interest.
●● Adhesion.
Answer: Since the insurer created all the documents of
the contract, any ambiguities in the contract will
be settled in favor of the insured. Since the
insurer wrote the contract they are stuck with it.
●● Adverse Selection.
Answer: The tendency for less favorable risks to seek or
continue insurance to a greater extent than more
favorable risks.
●● Agency Agreement or Agency Contract.
Answer: A legal document containing the terms of the
agreement between the agent and the insurance
company. It clearly defines what an agent can
2026 COMPLETE QUESTIONS AND FULL
SOLUTION
●● Absolute Assignment.
Answer: A permanent and irrevocable transfer
of rights and/or benefits by the policy owner.
●● Collateral Assignment.
Answer: A temporary and/or revocable transfer
of benefits by the policy owner.
●● Accelerated Death Benefit.
Answer: Policy provision that allows full or partial
payment of the policy's death benefit before the
insured's death if he/she is terminally ill.
●● Accidental Death Benefit.
Answer: An extra cost rider that requires the insurance
company to pay an additional benefit in the event
that the insured dies within 90 days of an
, accident as a direct result of the accident.
●● Accumulate at Interest.
Answer: The Dividend Option where the policy owner
leaves the dividends with the insurer to invest
and earn interest.
●● Adhesion.
Answer: Since the insurer created all the documents of
the contract, any ambiguities in the contract will
be settled in favor of the insured. Since the
insurer wrote the contract they are stuck with it.
●● Adverse Selection.
Answer: The tendency for less favorable risks to seek or
continue insurance to a greater extent than more
favorable risks.
●● Agency Agreement or Agency Contract.
Answer: A legal document containing the terms of the
agreement between the agent and the insurance
company. It clearly defines what an agent can
