Free Types of Life Insurance Policies Practice Questions
Kansas Life, Accident & Health exam (series 12-KS-05) — 55 practice questions.
Subtopics: Variable contracts licensing, Variable products, 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
Read the Types of Life Insurance Policies study guide
Sample questions & answers
1. To sell variable life insurance or variable annuities in Kansas, a producer needs a life producer license and:
A FINRA Series 6 or 7 registration
The candidate handbook states variable contracts producers require FINRA registration (Series 6 or 7) and a Life Producer license, with no separate variable contracts exam.
2. Under K.S.A. 40-4903, the variable life and variable annuity line of authority covers products that:
Reflect the investment experience of a separate account
The variable line covers variable life, variable annuities or any life or annuity product that reflects the investment experience of a separate account.
3. Term life insurance provides:
Death protection for a specified period that expires without value
Term insurance pays only if the insured dies within the stated period; if the insured survives, the coverage expires without value.
4. A term policy whose death benefit remains the same throughout the term is:
Level term
Level term keeps a constant face amount for the policy term.
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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.
