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Free Life Accident and Health Insurance Basics Practice Questions

Delaware Life, Accident & Health exam — 64 practice questions.

Subtopics: Mortality tables, Irrevocable beneficiary, Per stirpes, Minor beneficiary, Key person insurance, Buy-sell agreement, Human life value, Field underwriting, Premium mode, Insurable interest, Personal uses, Determining amount, Business uses, Viatical settlements, Classes of policies, Premium factors, Premium frequency, Producer responsibilities, Policy delivery, Company underwriting, Classification of risks, Legal concepts, Definitions of perils, Types of losses and benefits, Limited health policies, Replacing health insurance, Premium determination, Conditional receipt, Binding receipt, Insuring clause, Consideration clause, Free-look provision, Policy ownership, Third-party ownership, Mortality table, Level premium concept, Net amount at risk, Policy reserves, Living benefits of cash value, Attending physician statement, Inspection report, Declined risk, Flat extra premium, Replacement, Buyer's Guide, Controlling adverse selection, Premature death, Final expense insurance, Estate liquidity, Charitable uses, Survivorship policy, Juvenile insurance, Life settlement, Creditor insurable interest

Read the Life Accident and Health Insurance Basics study guide

Sample questions & answers

1. Mortality tables used in life insurance pricing show:

The expected number of deaths per year at each age in a group

Mortality tables show expected deaths per age group and are central to pricing life insurance.

2. An irrevocable beneficiary designation generally cannot be changed without:

The beneficiary's consent

An irrevocable beneficiary has a vested interest, so the designation cannot be changed without that beneficiary's consent.

3. A per stirpes beneficiary designation directs that, if a named beneficiary dies before the insured, that beneficiary's share passes to:

That beneficiary's own descendants

Under a per stirpes designation a deceased beneficiary's share passes down to that beneficiary's descendants.

4. A potential problem with naming a minor as the direct beneficiary of a life policy is that:

The insurer may not pay proceeds directly to a minor without a guardian or trust

Insurers generally cannot pay proceeds directly to a minor, so a guardian or trust arrangement is needed.

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Practice: Life Accident and Health Insurance Basics

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

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.