Explore the fundamentals of life insurance through this quiz. Topics include liquidity, estate conservation, viatical settlements, and the roles of insurance professionals. Designed for learners to understand key insurance concepts and their practical implications.
Small employers
Military personnel
The elderly
Low income individuals and families
Rate this question:
Benefit Period
Benefit Check Period
Buy Sell Period
Blackout Period
Rate this question:
Annually
Semi-annually
Quarterly
Monthly
Rate this question:
The insured is receiving payments each month in retirement
The policy owner receives dividend checks each year
Cash values can be borrowed at any time
The death benefit replaces the assets that would have accumulated if the insured had not died
Rate this question:
$3,000 or less
$1,000 or less
$2,500 or less
$5,000 or less
Rate this question:
Estate Creation
Estate Conservation
Estate Compensation
Estate Calculation
Rate this question:
Leaving a copy or original of all solicitation material used for presentation to the applicant
Submitting all expenses to creditors
Submitting to the replacing insurer a copy of all soliciting material
Submitting to the replacing insurer a statement signed by the applicant as to whether or not he has existing Life insurance
Rate this question:
Location of residence
Number of children
Avocation
Marital status
Rate this question:
A Medical examination
The Medical Information Bureau
The Agent’s Report
The Inspection Report
Rate this question:
The Key Person is the owner and the employer is the beneficiary
The employer is the owner and beneficiary
The employer is the owner and the Key Person is the beneficiary
The Key Person is the owner and beneficiary
Rate this question:
PPO individual health insurance
Group universal life insurance
Term group life insurance
Tax-exempt deferred annuities
Rate this question:
Is given by the agent only to applicants who fully prepay all scheduled premiums in advance of policy issue
Is intended to provide coverage on a date earlier than the date of the issuance of the policy
Guarantees the applicant that a policy will be issued in the amount applied for in the application
Serves as proof that the agent has determined the applicant to be fully insurable for coverage by the insurance company
Rate this question:
The Life provider
The Viatical Settlement Provider
The Settlement Broker
The Life Broker
Rate this question:
Only what is approved by the Insurance commissioner
Cost of policy benefit or loss of which the benefit is payable
Misleading statements about costs
Period of time for which any benefit is payable
Rate this question:
Quiz Review Timeline (Updated): Apr 17, 2024 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
Life Insurance Quiz MCQ Test!
The 'Life Insurance Quiz MCQ Test!' assesses knowledge on life insurance policies, annuities, licensing requirements, and tax treatments. It is designed for individuals preparing...
Questions:
25 |
Attempts:
252 |
Last updated:
Mar 21, 2023
|
Your PolicyTypeâ„¢ For Life Insurance
Let our unbiased PolicyType™ algorithms guide you towards the types of life insurance you should be considering.
Questions:
10 |
Attempts:
50 |
Last updated:
May 01, 2023
|
Benefits Training Day 5
Life Insurance Setup
This certification test contains questions of different formats. The format of the questions include multiple choice; true/false and fill in...
Questions:
20 |
Attempts:
144 |
Last updated:
Mar 21, 2023
|
Team AF Quiz Life Insurance--General
The Team AF Quiz Life Insurance--General assesses knowledge on life insurance basics, including its purpose, benefits, tax implications, and specific policy features. It is...
Questions:
10 |
Attempts:
129 |
Last updated:
May 08, 2024
|
AF University Final Exam (Bachelors)
This AF University Final Exam for Bachelors in Life Insurance covers key concepts like death benefits, characteristics of various life insurance policies including Whole Life II...
Questions:
25 |
Attempts:
103 |
Last updated:
Feb 28, 2024
|
New York Life Insurance 2
The 'New York Life Insurance 2' quiz assesses knowledge on life insurance policies, group insurance eligibility, policy components, and annuity benefits. It is tailored for...
Questions:
97 |
Attempts:
1721 |
Last updated:
Aug 02, 2024
|
|
Wait!
Here's an interesting quiz for you.