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Life Insurance Quizzes, Questions & Answers

Life insurance guarantees that upon the death of a loved one, an insurance company pays a designated person a sum of money. The policy can also cover funeral expenses. You might think life insurance as a somewhat new idea, but did you know there were forms of insurance used in ancient China and Rome?
 
Did you know that the modern life insurance policies were developed in the 1700’s in England. Can you name the three different types of life insurance? True or false: Before getting life insurance, you must take a medical exam? Learning more about the policy is a great way for you to plan your future, and our life insurance quizzes are the perfect way to test your knowledge.

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Are you ready to embark on a journey through the complexities and nuances of life insurance? Whether you're a seasoned professional looking to sharpen your skills or someone taking their first steps into the world of life...

Questions: 53  |  Attempts: 21679   |  Last updated: Feb 19, 2024
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    Every licensee must indicate on which of the following documents his or her license number.
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Are you gearing up to conquer the Life and Health Insurance License Exam? Whether you're taking your initial steps into the insurance industry or seeking to advance your career, our "Life and Health Insurance License...

Questions: 150  |  Attempts: 41682   |  Last updated: Feb 6, 2024
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    A disability income policy social insurance supplement (SIS) benefit rider:
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Are you aspiring to become a life insurance agent? And preparing to clear the final exam to earn your license? Before that, you need to have a clear idea of all the legal terms and policies in this field. This quiz especially...

Questions: 50  |  Attempts: 4080   |  Last updated: Feb 5, 2024
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    Variable life insurance policy owners may make a withdrawal in terms of________.
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Questions: 97  |  Attempts: 777   |  Last updated: Sep 13, 2023
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    A group of 15 skydivers met at a seminar and began talking about life insurance during a break. Because it was expensive to get individual life insurance, they decided to band together to form a small group so that they could qualify for group life insurance. After they applied for group life insurance, they were rejected. Why?p
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Variable universal life insurance is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which of the...

Questions: 42  |  Attempts: 370   |  Last updated: Sep 4, 2023
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    The investment returns under variable life insurance policy_______ I. Are not guaranteed.     II. Are assured     III. Are linked to the performance of the investment fund managed by the company.      IV. Fluctuate according to the performance of the investment funds managed by the fund manager.
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