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CALIFORNIA LIFE INSURANCE PRACTICE EXAM A 2024 Actual Questions with Verified Answers, 100% Guarantee Pass $13.49   Add to cart

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CALIFORNIA LIFE INSURANCE PRACTICE EXAM A 2024 Actual Questions with Verified Answers, 100% Guarantee Pass

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CALIFORNIA LIFE INSURANCE PRACTICE EXAM A 2024 Actual Questions with Verified Answers, 100% Guarantee Pass

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  • August 21, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • California Insurance
  • California Insurance
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CALIFORNIA LIFE PRACTICE EXAM A.pdf file:///C:/Users/HP/Desktop/NIW/CALIFORNIA%20LIFE%20PRA




CALIFORNIA LIFE PRACTICE EXAM A



1. AN ANNUITY THAT IS PURCHASED WITH A LUMP SUM PREMIUM AND WHOSE

BENEFITS BEGIN AFTER 12 MONTHS IS CALLED A

Answer SINGLE PRE- MIUM DEFERRED ANNUITY



2. A TECHNIQUE USED TO DETERMINE THE AMOUNT OF LIFE INSURANCE NEEDED

BY FOCUSING ON THE PROJECTED EARNING POTENTIAL OF AN INSURED IS CALLED

THE

Answer HUMAN LIFE VALUE APPROACH



3. WHEN REPLACING A POLICY THE PRODUCER MUST PRESENT THE AP- PLICANT

WITH A NOTICE REGARDING REPLACEMENT OF LIFE INSURANCE-



Answer AT THE TIME OF TAKING THE APPLICATION



4. THE POSSIBILITY OF A FINANCIAL LOSS INCURRED BY A LIFE INSUR- ANCE
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,CALIFORNIA LIFE PRACTICE EXAM A.pdf file:///C:/Users/HP/Desktop/NIW/CALIFORNIA%20LIFE%20PRA




COMPANY FOR THE PREMATURE DEATH OF AN INSURED IS KNOW AS A

Answer RISK



5. THE MEDICAL INFORMATION BUREAU (MIB) IS A NONPROFIT TRADE AS-

SOCIATION THAT MAINTAINS

Answer MEDICAL INFORMATION ON APPLICANTS FOR LIFE AND HEALTH INSURANCE



6. A PERSON WHO SIGNS A FRAUDULENT CLAIM FORM MAY BE FOUND GUILTY OF

Answer PERJURY



7. WHICH POLICY IS A COMBINATION OF ANNUAL RENEWABLE TERM IN- SURANCE

AND INTEREST-SENSITIVE CASH VALUE

Answer UNIVERSAL LIFE



8. THE RIGHTTO A FULL REFUND OF PREMIUMS FOR INSUREDS AGE 60 OR OLDER IS

Answer 30 DAYS



9. THE PREMIUM MODES CAN BE BEST DESCRIBED AS THE
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