- Exam Prep
- California
- Life, Accident & Health
- Life Policy Provisions Options and Riders
Free Life Policy Provisions Options and Riders Practice Questions
California Life, Accident & Health exam (series Life, Accident & Health) — 26 practice questions.
Subtopics: Free look, Senior free look, Incontestability, Grace period, Lapse designee, Group life conversion, Standard provisions, Assignment, Beneficiaries, Beneficiary clauses, Settlement options, Nonforfeiture options, Policy loans, Dividend options, Riders
Sample questions & answers
1. The standard free-look period for an individual California life policy is at least:
10 days
California requires at least a 10-day free look on individual life policies (30 days for buyers age 60 and older).
2. An individual life or annuity policy issued to a California buyer age 60 or older must allow a free look of at least:
30 days
California extends the free look to 30 days for individual life and annuity policies sold to buyers age 60 and older.
3. A California life policy generally becomes incontestable after being in force during the insured's lifetime for:
2 years
After two years a California life policy is incontestable except for nonpayment of premium.
4. California individual life policies must provide a premium grace period of at least:
60 days
California requires a grace period of not less than 60 days on individual life policies.
All Life, Accident & Health topics
Practice: Life Policy Provisions Options and Riders
Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored
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Practice questions are study aids generated for exam preparation and are not actual exam
questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules,
and exam specifications with the Pennsylvania Insurance Department and the exam administrator before relying on it.