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Life Insurance Policies Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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What does "level" refer to in the level term insurance? -:- Face amount The death protection component of a universal life policy is expressed as what type of coverage? -:- Annually renewable term What are the death benefit options in universal life policies? -:- Option A - level death be...

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  • September 6, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • life insurance policies questions 100 correct
  • what does level refer to in the level term insur

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  • Life Insurance
  • Life Insurance

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2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!



Life Insurance Policies Questions & 100%
Correct Answers- Latest Test | Graded A+ |
Passed
What does "level" refer to in the level term insurance?


✓ -:- Face amount




The death protection component of a universal life policy is expressed as what type of

coverage?


✓ -:- Annually renewable term




What are the death benefit options in universal life policies?


✓ -:- Option A - level death benefit, and Option B - increasing death benefit




When does an adjustable life policy accumulate cash value ?


✓ -:- When the premium paid are more than the cost of the policy




What is the major difference between the most common types of whole life policies:

Straight Life, Limited Payment and Single premium?


✓ -:- Premium payment mode




1|Page | Grade A+| 2024/2025

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

What are the "living benefits" of whole life insurance?


✓ -:- Loan values




If an employee wants to join group life insurance coverage outside of the open enrollment

period, what would the employee have to provide?


✓ -:- Evidence of insurability




What universal life option has a gradually increasing cash value and a level benefit?


✓ -:- Option A




What type of life insurance policy offers pure death protection?


✓ -:- Term




In term policies, what happens to the premium throughout the term of the policy?


✓ -:- The premium remains level




Under a 20-pay whole life policy, in order for the policy to pay the death benefit to a

beneficiary, the premium must be paid for what time period?


✓ -:- For 20 years or until the insured's death, whichever occurs first.




2|Page | Grade A+| 2024/2025

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