CA State Life Insurance Practice Exam A 2024

Single premium deferred annuity - correct answer An annuity that is purchased with a slump sum premium and whose benefits begin after 12 month is called a Human Life Value Approach - correct answer A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured is called the At the time of taking the application - correct answer When replacing a policy the producer must present the applicant with a Notice Regarding Replacement of Life Insurance Risk - correct answer The possibility of a financial loss incurred by a life insurance company for the premature death of an insured is known as a Medical information on applicants for life and health insurance - correct answer The Medical Information Bureau (MIB) is a nonprofit trade association that maintains Perjury - correct answer A person who signs a fraudulent claim form may be found guilty of Universal life - correct answer Which policy is a combination of annual renewable term insurance and interest-sensitive cash value? 30 Days - correct answer The right to a full refund of premiums for insureds age 60 or older is Frequen