Free Types of Life Insurance Policies Practice Questions
Washington Life, Accident & Health exam — 65 practice questions.
Subtopics: Group life eligibility, Association groups, Labor union groups, Dependent group life, Group grace period, Group incontestability, Group conversion, Death pending conversion, Group age reduction, Group certificates, 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. A Washington employer group life policy must cover at least how many employees at the date of issue?
Two
RCW 48.24.020(3) requires at least two employees at issue, with amounts based on a plan that precludes individual selection.
2. An employer pays the entire premium for its Washington group life plan. The plan must insure:
All eligible employees, except those failing evidence of insurability
RCW 48.24.020(2) requires a noncontributory policy to insure all eligible employees, or all except those whose evidence of insurability is unsatisfactory.
3. To be eligible for Washington group life insurance, an association must have been in active existence for at least:
One year, with a constitution and bylaws
RCW 48.24.045 requires the association to have existed at least one year, have a constitution and bylaws, and be organized for purposes other than obtaining insurance.
4. A Washington labor union group life policy financed partly by member contributions may be placed in force only if at least what percentage of eligible members elect to contribute?
75%
RCW 48.24.050 requires 75% participation for contributory union plans, at least 25 members at issue, and prohibits a plan funded entirely by members' specific contributions.
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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.
