Free Types of Life Insurance Policies Practice Questions
California Life-Only Agent exam (series Life-Only) — 105 practice questions.
Subtopics: Group life conversion, Group life exclusions, Group conversion period, Conversion underwriting, Conversion death, Conversion amount, Group discontinuance, Group rates, Group life seniors, Term basics, Level term, Decreasing term, Renewable term, Convertible term, Whole life, Limited-pay life, Single premium, Adjustable life, Universal life, UL death benefit options, UL corridor, Variable life, Variable universal life, Indexed universal life, Joint life, Survivorship life, Increasing term, Annual renewable term, Juvenile insurance, Jumping juvenile, Return of premium term, Modified whole life, Index whole life, Continuous premium, Group eligible groups, Group characteristics, Noncontributory plan, Contributory plan, Credit life, Survivorship cost, Interest-sensitive whole life, Conversion timing, Survivorship second-to-die life, Family income policy, Family maintenance policy, Family plan policy, Graded premium whole life, Graded death benefit policy, Guaranteed issue life, Simplified issue life, Multiple protection policy, Endowment policy, Pure endowment, Term to age 100, Conversion attained vs original age, Reentry term, Deposit term, Group term dependent coverage, Group permanent life, Franchise life insurance, Industrial life insurance, Pre-need funeral insurance, Final expense whole life, Standalone accidental death policy, Survivorship universal life, UL Option A death benefit, Target premium UL, Single-premium variable life, Minimum deposit policy, Modified coverage whole life, Combination whole life and term, Joint life vs survivorship, Convertible group term, Level term premium, Term expiration, Renewal premium, Original age conversion, Decreasing term premium, Whole life cash value at maturity, Limited pay premium, Life paid-up at 65, Single premium MEC, UL cash value crediting, UL monthly deductions, UL lapse, UL no-lapse guarantee, Indexed UL floor, Indexed UL participation, Variable life investment risk, Group life minimum size, Group certificate, Group conversion death, Group life COBRA, Multiple employer trust, Credit life amount, Credit life beneficiary, Joint life cost, Juvenile owner, Return of premium term cost, Equity indexed whole life, Term vs permanent selection, Second-to-die use, Group term imputed income
Read the Types of Life Insurance Policies study guide
Sample questions & answers
1. When group life coverage terminates, a covered California employee generally has the right to:
Convert to an individual policy without proof of insurability
California group life insureds may convert to an individual policy without proving insurability within the statutory period.
2. A California group life policy may exclude or reduce liability for losses arising from:
War, military or naval service, or aviation
Section 10206.5 permits group life policies to exclude or reduce liability for losses relating to war, military or naval service, or aviation.
3. When California group life coverage ends the insured generally must apply to convert to an individual policy within:
31 days
The covered person generally has 31 days after group coverage terminates to convert to an individual policy.
4. A California group life conversion policy is issued:
Without evidence of insurability at the insured's attained age
On conversion the insurer must issue an individual policy without evidence of insurability at the insured's attained-age rate.
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.
