Kentucky Life Insurance Exam (Latest 2025/2026 i,- i,- i,- i,- i,- i,-
update) Actual Questions with Verified Answers |
i,- i,- i,- i,- i,- i,- i,-
100% Correct| Graded A. i,- i,- i,-
When may an insurance company arbitrarily increase the rate of
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premium charged to a particular policy owner?
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A. Whenever its board of director votes to do so
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B. Never
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C. When state laws permit
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D. Only within 30 days of insurance
i,- i,- i,- i,- i,- i,- i,-i,- i,- B. Neveri,-
A spouse's conversion privileges under a group policy are the
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same as the group member's EXCEPT
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A. insurability
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B. Conversion must be applied for within one month
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C. Premiums are based on attained age
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D. The amount to convert is always less
i,- i,- i,- i,- i,- i,- i,- i,-i,- i,- D. The amount to
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convert is always less i,- i,- i,-
,For a contributory plan with some insurance companies, if the
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employee does not apply within the eligibility period he or she
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A. loses the opportunity to purchase group life insurance
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B must pay a penalty for applying late
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C May be required to take a medical exam, even for a non-
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
medical plan i,- i,-
D must wait a full year before being again eligible to apply
i,- i,- C. i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-i,- i,- i,-
May be required to take a medical exam, even for a non- medical
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
plan
Which of the following is NOT a circumstance under which a
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company will pay a death claim for less than the face amount?
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
A. When there is an outstanding policy loan, plus interest, which
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
must be deducted from the face amount before payment is made
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to the beneficiary
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B. When then the premium is past due and in the grace period
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and therefore must be deducted from the face amount before the
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proceeds are paid i,- i,- i,-
,C. When the age of the insured has been understated at the time
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the policy was issued and the fcae amount must be reduced
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before the payment i,- i,- i,-
D. When the age of the insured has been overstated at the time
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the policy was issued.
i,- D. When the age of the insured has
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been overstated at the time the policy was issued
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When spouses are to be included in the member's group life
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
insurance plans i,-
A. 50% of spouses are to be included in the members group life
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
insurance plans i,- i,-
B. The percentage of spouses included must be the same as the
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percentage of covered members i,- i,- i,- i,-
C. The company decides which spouses are eligible
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D. They must prove their insurability
i,- i,- B. The percentage of i,- i,- i,- i,-i,- i,- i,- i,- i,- i,-
spouses must be the same as the percentage of covered members
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An individual who has contributory group life insurance coverage
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at work
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, A. pays lower premiums than with comparable individual
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insurance and usually doesn't have to prove insurability
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B. probably doesn't need to purchase additional permanent
i,- i,- i,- i,- i,- i,- i,- i,-
insurance i,-
C. may not convert it upon leaving the employer
i,- i,- i,- i,- i,- i,- i,- i,- i,-
D. May include defendants provided they prove their insurability
i,- i,- i,- i,- i,- i,- i,- i,- i,-i,-
A. pays lower premiums than with comparable individual
i,- i,- i,- i,- i,- i,- i,- i,- i,-
insurance and usually doesn't have to prove insurability
i,- i,- i,- i,- i,- i,- i,-
The amount of coverage on the spouse of a group life policy
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
member that may be provided without tax consequences to the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
member i,-
A. is limited to 2,000
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B. is limited to one-half of the member's coverage
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C. may be any amount that does not exceed the member's
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
coverage i,-
D. is limited only by the members ability to pay
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-i,- i,- A. is limited
i,- i,- i,-
to 2,000
i,-
The premiums for a group of one-year renewable term life
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
insurance policy i,- i,-
update) Actual Questions with Verified Answers |
i,- i,- i,- i,- i,- i,- i,-
100% Correct| Graded A. i,- i,- i,-
When may an insurance company arbitrarily increase the rate of
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
premium charged to a particular policy owner?
i,- i,- i,- i,- i,- i,-
A. Whenever its board of director votes to do so
i,- i,- i,- i,- i,- i,- i,- i,- i,-
B. Never
i,-
C. When state laws permit
i,- i,- i,- i,- i,-
D. Only within 30 days of insurance
i,- i,- i,- i,- i,- i,- i,-i,- i,- B. Neveri,-
A spouse's conversion privileges under a group policy are the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
same as the group member's EXCEPT
i,- i,- i,- i,- i,-
A. insurability
i,- i,-
B. Conversion must be applied for within one month
i,- i,- i,- i,- i,- i,- i,- i,- i,-
C. Premiums are based on attained age
i,- i,- i,- i,- i,- i,- i,-
D. The amount to convert is always less
i,- i,- i,- i,- i,- i,- i,- i,-i,- i,- D. The amount to
i,- i,- i,- i,-
convert is always less i,- i,- i,-
,For a contributory plan with some insurance companies, if the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
employee does not apply within the eligibility period he or she
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
A. loses the opportunity to purchase group life insurance
i,- i,- i,- i,- i,- i,- i,- i,- i,-
B must pay a penalty for applying late
i,- i,- i,- i,- i,- i,- i,-
C May be required to take a medical exam, even for a non-
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
medical plan i,- i,-
D must wait a full year before being again eligible to apply
i,- i,- C. i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-i,- i,- i,-
May be required to take a medical exam, even for a non- medical
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
plan
Which of the following is NOT a circumstance under which a
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
company will pay a death claim for less than the face amount?
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
A. When there is an outstanding policy loan, plus interest, which
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
must be deducted from the face amount before payment is made
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
to the beneficiary
i,- i,- i,-
B. When then the premium is past due and in the grace period
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
and therefore must be deducted from the face amount before the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
proceeds are paid i,- i,- i,-
,C. When the age of the insured has been understated at the time
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
the policy was issued and the fcae amount must be reduced
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
before the payment i,- i,- i,-
D. When the age of the insured has been overstated at the time
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
the policy was issued.
i,- D. When the age of the insured has
i,- i,- i,-i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
been overstated at the time the policy was issued
i,- i,- i,- i,- i,- i,- i,- i,-
When spouses are to be included in the member's group life
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
insurance plans i,-
A. 50% of spouses are to be included in the members group life
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
insurance plans i,- i,-
B. The percentage of spouses included must be the same as the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
percentage of covered members i,- i,- i,- i,-
C. The company decides which spouses are eligible
i,- i,- i,- i,- i,- i,- i,- i,-
D. They must prove their insurability
i,- i,- B. The percentage of i,- i,- i,- i,-i,- i,- i,- i,- i,- i,-
spouses must be the same as the percentage of covered members
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
An individual who has contributory group life insurance coverage
i,- i,- i,- i,- i,- i,- i,- i,- i,-
at work
i,- i,-
, A. pays lower premiums than with comparable individual
i,- i,- i,- i,- i,- i,- i,- i,-
insurance and usually doesn't have to prove insurability
i,- i,- i,- i,- i,- i,- i,- i,-
B. probably doesn't need to purchase additional permanent
i,- i,- i,- i,- i,- i,- i,- i,-
insurance i,-
C. may not convert it upon leaving the employer
i,- i,- i,- i,- i,- i,- i,- i,- i,-
D. May include defendants provided they prove their insurability
i,- i,- i,- i,- i,- i,- i,- i,- i,-i,-
A. pays lower premiums than with comparable individual
i,- i,- i,- i,- i,- i,- i,- i,- i,-
insurance and usually doesn't have to prove insurability
i,- i,- i,- i,- i,- i,- i,-
The amount of coverage on the spouse of a group life policy
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
member that may be provided without tax consequences to the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
member i,-
A. is limited to 2,000
i,- i,- i,- i,- i,-
B. is limited to one-half of the member's coverage
i,- i,- i,- i,- i,- i,- i,- i,- i,-
C. may be any amount that does not exceed the member's
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
coverage i,-
D. is limited only by the members ability to pay
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-i,- i,- A. is limited
i,- i,- i,-
to 2,000
i,-
The premiums for a group of one-year renewable term life
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
insurance policy i,- i,-
