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CA Life Insurance Bundled Exams Questions and Answers | 100% Verified and Updated 2024 | Graded A+
CA Life Insurance Bundled Exams Questions and Answers | 100% Verified and Updated 2024 | Graded A+
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- California Life License Exam Latest 2024 Graded A+ • Examen
- CA Life Insurance Exam Questions and Answers 100% Pass • Examen
- LIFE INSURANCE ONLY CALIFORNIA (2024/2025) ALREADY PASSED • Examen
- California Insurance Exam Questions and Answers 100% Pass • Examen
- CA Life insurance Exam Questions and Answers • Examen
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CA Life Insurance Bundled Exams Questions and Answers | 100% Verified and Updated 2024 | Graded A+
CA life and Health: Life Insurance Basics (2024/2025) with Verified Solutions
CA life and Health: Life Insurance Basics 
(2024/2025) with Verified Solutions 
A family's need for income is greatest during the - Answer ️️ -Family Dependency Period 
Time after the insured has died, leaving a surviving spouse with dependent children to support. 
Which of the following would be least likely to be considered a legitimate need that would be 
paid by insurance proceeds? - Answer ️️ -Vacation travel expenses 
THere are many legitimate need-based expenses that can be paid ...
- Examen
- • 42 pages •
CA life and Health: Life Insurance Basics 
(2024/2025) with Verified Solutions 
A family's need for income is greatest during the - Answer ️️ -Family Dependency Period 
Time after the insured has died, leaving a surviving spouse with dependent children to support. 
Which of the following would be least likely to be considered a legitimate need that would be 
paid by insurance proceeds? - Answer ️️ -Vacation travel expenses 
THere are many legitimate need-based expenses that can be paid ...
CA Life Insurance Practice Exam with Verified Solutions
CA Life Insurance Practice Exam with 
Verified Solutions 
A key person is typically all of the following, except: - Answer️️ - -Not directly involved in 
sales, production, or service 
Key persons are employees whose contributions have a significant impact on the revenue and 
profitability of the company, especially in small businesses. They are typically: part of the 
management team, more highly paid, respected by customers, creditors, suppliers, and vendors, 
and have direct responsibilit...
- Examen
- • 20 pages •
CA Life Insurance Practice Exam with 
Verified Solutions 
A key person is typically all of the following, except: - Answer️️ - -Not directly involved in 
sales, production, or service 
Key persons are employees whose contributions have a significant impact on the revenue and 
profitability of the company, especially in small businesses. They are typically: part of the 
management team, more highly paid, respected by customers, creditors, suppliers, and vendors, 
and have direct responsibilit...
CA Life Insurance Exam Questions and Answers
CA Life Insurance Exam Questions and Answers 
An insurer that operates for one or more social, educational, charitable, benevolent, or religious 
purposes for the benefit of its members is known as a 
a) Reciprocal insurer. 
b) Stock insurer. 
c) Fraternal insurer. 
d) Mutual insurer. - Answer ️️ -C 
Life insurance creates an immediate estate. Which of the following best explains this statement? 
The policy has cash values and nonforfeiture values. 
b) The policy generates immediate cash val...
- Examen
- • 40 pages •
CA Life Insurance Exam Questions and Answers 
An insurer that operates for one or more social, educational, charitable, benevolent, or religious 
purposes for the benefit of its members is known as a 
a) Reciprocal insurer. 
b) Stock insurer. 
c) Fraternal insurer. 
d) Mutual insurer. - Answer ️️ -C 
Life insurance creates an immediate estate. Which of the following best explains this statement? 
The policy has cash values and nonforfeiture values. 
b) The policy generates immediate cash val...
CA State Life Insurance Practice Exam A
CA State Life Insurance Practice Exam A 
Single premium deferred annuity - 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 - 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 - Answer ️️ -When replacing a policy the producer must 
present the applic...
- Package deal
- Examen
- • 5 pages •
CA State Life Insurance Practice Exam A 
Single premium deferred annuity - 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 - 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 - Answer ️️ -When replacing a policy the producer must 
present the applic...
CA Life and Health Exam Questions and Answers Already Passed
CA Life and Health Exam Questions and 
Answers Already Passed 
What is insurance? - Answer ️️ -Insurance is the legal contract where two parties agree that if 
something will happen, a value will be exchanged. 
What's the difference between pure risk and speculative risk? - Answer ️️ -Pure risk is when 
you'll lose it all or there will be no change. Speculative risk you can either win or lose. 
What is peril? - Answer ️️ -peril is the causes of loss insured against in an insurance ...
- Package deal
- Examen
- • 6 pages •
CA Life and Health Exam Questions and 
Answers Already Passed 
What is insurance? - Answer ️️ -Insurance is the legal contract where two parties agree that if 
something will happen, a value will be exchanged. 
What's the difference between pure risk and speculative risk? - Answer ️️ -Pure risk is when 
you'll lose it all or there will be no change. Speculative risk you can either win or lose. 
What is peril? - Answer ️️ -peril is the causes of loss insured against in an insurance ...
Life-Only Agent Exam 1 Questions and Answers 100% Pass
Life-Only Agent Exam 1 Questions and 
Answers 100% Pass 
AN example of a moral hazard in relation to a life insurance application would be: - Answer ️️ 
-Misstating your health history to an insurance company. 
John applies for a variable annuity and does not request that the premiums be immediately 
invested in a stock or bond portfolio. After the annuity is issued, John returns the annuity 
contract to the insurer within the free look period. What will John receive from the insurer? - 
Ans...
- Package deal
- Examen
- • 9 pages •
Life-Only Agent Exam 1 Questions and 
Answers 100% Pass 
AN example of a moral hazard in relation to a life insurance application would be: - Answer ️️ 
-Misstating your health history to an insurance company. 
John applies for a variable annuity and does not request that the premiums be immediately 
invested in a stock or bond portfolio. After the annuity is issued, John returns the annuity 
contract to the insurer within the free look period. What will John receive from the insurer? - 
Ans...
CA Life insurance Exam Questions and Answers
CA Life insurance Exam Questions and Answers 
What type of risk is insurable? - Answer ️️ -Pure Risk 
According to the Law of Agency, a principal is represented by whom? - Answer ️️ -Agent or 
Producer 
What type of insurer is a voluntarily formed organization that provides insurance benefits for 
members of an affiliated lodge or religious organization with a representative form of 
government? - Answer ️️ -Fraternal Insurer 
When a change needs to be made on the application for ins...
- Package deal
- Examen
- • 11 pages •
CA Life insurance Exam Questions and Answers 
What type of risk is insurable? - Answer ️️ -Pure Risk 
According to the Law of Agency, a principal is represented by whom? - Answer ️️ -Agent or 
Producer 
What type of insurer is a voluntarily formed organization that provides insurance benefits for 
members of an affiliated lodge or religious organization with a representative form of 
government? - Answer ️️ -Fraternal Insurer 
When a change needs to be made on the application for ins...
California Insurance Exam Questions and Answers 100% Pass
California Insurance Exam Questions and 
Answers 100% Pass 
Two methods of determining insurance need: - Answer ️️ -- Human Life Approach 
- Needs Approach 
Human Life Value Approach~ - Answer ️️ -- One of two ways of calculating insurance need. 
- By discounting estimated future income 
- Calculating the amount of life insurance a family will need based on the financial loss that they 
will suffer if the insured person were to pass away today 
- 10X salary 
- Based on age, gender, plann...
- Package deal
- Examen
- • 71 pages •
California Insurance Exam Questions and 
Answers 100% Pass 
Two methods of determining insurance need: - Answer ️️ -- Human Life Approach 
- Needs Approach 
Human Life Value Approach~ - Answer ️️ -- One of two ways of calculating insurance need. 
- By discounting estimated future income 
- Calculating the amount of life insurance a family will need based on the financial loss that they 
will suffer if the insured person were to pass away today 
- 10X salary 
- Based on age, gender, plann...
LIFE INSURANCE ONLY CALIFORNIA (2024/2025) ALREADY PASSED
LIFE INSURANCE ONLY CALIFORNIA 
(2024/2025) ALREADY PASSED 
LIFE INSURANCE - Answer ️️ -Insurance that pays out a sum of money either on the death of the 
insured person or after a set period. 
TERM LIFE INSURANCE - Answer ️️ -Life insurance that pays a benefit in the event of the death of 
the insured during a specified term. 
*PURE 
*ONLY DEATH BENEFIT NO CASH VALUE 
WHOLE LIFE INSURANCE - Answer ️️ -Life insurance that pays a benefit on the death of the insured 
and also accumulat...
- Package deal
- Examen
- • 11 pages •
LIFE INSURANCE ONLY CALIFORNIA 
(2024/2025) ALREADY PASSED 
LIFE INSURANCE - Answer ️️ -Insurance that pays out a sum of money either on the death of the 
insured person or after a set period. 
TERM LIFE INSURANCE - Answer ️️ -Life insurance that pays a benefit in the event of the death of 
the insured during a specified term. 
*PURE 
*ONLY DEATH BENEFIT NO CASH VALUE 
WHOLE LIFE INSURANCE - Answer ️️ -Life insurance that pays a benefit on the death of the insured 
and also accumulat...
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