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  2. California
  3. Life-Only Agent
  4. Types of Life Insurance Policies

Free Types of Life Insurance Policies Practice Questions

California Life-Only Agent exam (series Life-Only) — 70 practice questions.

Subtopics: Group life conversion, Group life standard provisions, Group conversion period, Conversion underwriting, Term basics, Level term, Decreasing term, Renewable term, Convertible term, Whole life, Limited-pay life, Single premium, Adjustable life, Universal life, UL death benefit options, UL corridor, Variable life, Variable universal life, Indexed universal life, Joint life, Survivorship life, Increasing term, Annual renewable term, Juvenile insurance, Jumping juvenile, Return of premium term, Modified whole life, Index whole life, Continuous premium, Group eligible groups, Group characteristics, Noncontributory plan, Contributory plan, Credit life, Survivorship cost, Interest-sensitive whole life, Conversion timing, Survivorship second-to-die life, Family income policy, Family maintenance policy, Family plan policy, Graded premium whole life, Graded death benefit policy, Guaranteed issue life, Simplified issue life, Multiple protection policy, Endowment policy, Pure endowment, Term to age 100, Conversion attained vs original age, Reentry term, Deposit term, Group term dependent coverage, Group permanent life, Franchise life insurance, Industrial life insurance, Pre-need funeral insurance, Final expense whole life, Standalone accidental death policy, Survivorship universal life, UL Option A death benefit, Target premium UL, Single-premium variable life, Minimum deposit policy, Modified coverage whole life, Combination whole life and term, Joint life vs survivorship, Convertible group term

Read the Types of Life Insurance Policies study guide

Sample questions & answers

1. When group life coverage terminates, a covered California employee generally has the right to:

Convert to an individual policy without evidence of insurability within the allowed period

California group life insureds may convert to an individual policy without proving insurability within the statutory period.

2. Group life insurance policies in California must contain:

Statutorily required standard provisions for eligibility and benefits

California group life insurance is subject to required standard provisions governing eligibility, benefits, and conversion.

3. When California group life coverage ends the insured generally must apply to convert to an individual policy within:

31 days

The covered person generally has 31 days after group coverage terminates to convert to an individual policy.

4. A California group life conversion policy is issued:

Without evidence of insurability at the insured's attained age

On conversion the insurer must issue an individual policy without evidence of insurability at the insured's attained-age rate.

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Practice: Types of Life Insurance Policies

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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 Insurance Department and the exam administrator before relying on it.