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Insurance Exam: CA Life Insurance Exam 2025|Actual Exam Set Questions And Verified Answers (Correct solutions) | Get It 100% Accurate!! $22.99
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Insurance Exam: CA Life Insurance Exam 2025|Actual Exam Set Questions And Verified Answers (Correct solutions) | Get It 100% Accurate!!

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Insurance Exam: CA Life Insurance Exam 2025|Actual Exam Set Questions And Verified Answers (Correct solutions) | Get It 100% Accurate!!

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  • January 22, 2025
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  • Exam (elaborations)
  • Questions & answers
  • Insurance : CA Life Insurance
  • Insurance : CA Life Insurance
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CodedNurse
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Insurance Exam: CA Life Insurance Exam
2025|Actual Exam Set Questions And Verified
Answers (Correct solutions) | Get It 100%
Accurate!!

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Terms in this set (194)


An insurer that operates C
for one or more social,
educational, charitable,
benevolent, or religious
purposes for the benefit
of its members is known
as a
a) Reciprocal insurer.
b) Stock insurer.
c) Fraternal insurer.
d) Mutual insurer.




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Life insurance creates an D
immediate estate. Which
of the following best
explains this statement?
The policy has cash
values and nonforfeiture
values.
b) The policy generates
immediate cash value.
c) The death benefit will
always be paid to the
estate of the insured.
d) The face value of the
policy is payable to the
beneficiary upon the
death of the insured.

Which of the following is A
guaranteed under a
variable whole life
insurance policy?
a) Minimum death benefit
b) Interest rates
c) Cash value
d) Stock performance

Which of the following is B
NOT true regarding a
deferred annuity?
a) The annuity grows tax
deferred.
b) Income payments
begin within 1 year from
the date of purchase.
c) It is used to
accumulate funds for
retirement.
d) It can be purchased
with a single lump sum.



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Joe, age 63, was disabled B
and can no longer work.
He meets the Social
Security definition of
total disability. How many
work credits must Joe
have accumulated to
have the status of fully
insured?
a) 20
b) 40
c) 10
d) 6

All of the following are C
advantages of a qualified
retirement plan EXCEPT
a) The contribution is not
taxable to the employee
when made.
b) The funds grow tax
deferred.
c) The income at
retirement is tax free.
d) The contribution is
deductible to the
employer.

If an insured purchases C
an insurance policy with a
large deductible, what
risk management
technique is the insured
exercising?
a) Avoidance
b) Sharing
c) Retention
d) Transfer only




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Key person insurance can B
provide protection for all
of the following
economic losses to a
business EXCEPT
a) Fund the cost of
training a current
employee to perform the
duties of a deceased
employee.
b) Pay the death benefit
to the estate of the
insured.
c) Provide deferred
compensation retirement
benefit if the insured key
person survives to
retirement.
d) Fund the expense of
finding a suitable
replacement following
the death of an
employee.




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