Free Types of Life Insurance Policies Practice Questions
California Life, Accident & Health exam (series Life, Accident & Health) — 58 practice questions.
Subtopics: Conversion death, Conversion amount, Group discontinuance, Group rates, Group life seniors, Term life, Whole life, Universal life, Indexed life, Variable life, Variable universal life, Group life, Specialized policies, Annual renewable term, Return of premium term, Increasing term, Modified whole life, Limited-pay life, Joint life, Universal life Option A, Universal life target premium, Universal life interest crediting, Variable life prospectus, Variable products licensing, Interest-sensitive whole life, Endowment policy, Family income policy, Adjustable life, Industrial life, Credit life, Multiple protection, Fraternal and other
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Sample questions & answers
1. If a former employee dies during the 31-day group life conversion period before converting, the insurer must:
Pay the amount the employee could have converted
Section 10209 requires payment of the convertible amount if the employee dies within the 31-day conversion period.
2. Under California group life conversion, the individual policy issued in place of group coverage may be in an amount:
Equal to the group coverage at termination
Section 10209 lets the employee convert up to the amount of group protection in force when employment ends, at attained-age rates.
3. When a California group policy with a life benefit is discontinued, employees who are totally disabled at that time must receive:
A reasonable extension of the life benefit
Section 10128.2 requires a reasonable extension of life benefits for employees who became totally disabled while insured.
4. Under Cal. Ins. Code 10200, a life insurer may issue group life insurance:
With premium rates less than the usual individual rates
Section 10200 permits group life, disability, term, and endowment insurance at premium rates less than the usual rates.
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Practice: Types of Life Insurance Policies
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
