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  2. Kansas
  3. Life, Accident & Health
  4. Life Policy Provisions Options and Riders

Free Life Policy Provisions Options and Riders Practice Questions

Kansas Life, Accident & Health exam — 52 practice questions.

Subtopics: Automatic premium loan, Assignment, Ownership rights, Convertible term, Renewable term, Accelerated death benefit, Long-term care rider, Payor rider, Spendthrift clause, Aviation exclusion, Common disaster, Nonforfeiture, Standard provisions, Beneficiaries, Beneficiary clauses, Settlement options, Nonforfeiture options, Policy loans, Dividend options, Riders, Grace period, Reinstatement, Incontestable clause, Suicide clause, Misstatement of age, Primary beneficiary, Irrevocable beneficiary, Minor beneficiary, Per capita, Estate as beneficiary, Dividend option cash, Dividend option reduce premium, Dividend option accumulate at interest, Dividend option one-year term, Joint and survivor settlement, Guaranteed insurability rider, Cost of living rider, Payor benefit rider, Return of premium rider, Child term rider

Read the Life Policy Provisions Options and Riders study guide

Sample questions & answers

1. The automatic premium loan provision prevents a policy from lapsing by:

Using available cash value to pay an overdue premium

The automatic premium loan uses available cash value to pay an overdue premium and keep the policy in force.

2. The assignment provision of a life insurance policy allows the owner to:

Transfer ownership rights to another party

The assignment provision lets the owner transfer some or all policy rights to another party.

3. In a life insurance policy, the right to name the beneficiary and exercise policy options belongs to the:

Policyowner

The policyowner holds the ownership rights, including naming the beneficiary and exercising options.

4. A convertible term policy allows the insured to:

Change to permanent coverage without new evidence of insurability

Convertibility lets the insured exchange term coverage for permanent coverage without proving insurability again.

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Practice: Life Policy Provisions Options and Riders

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.