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  4. Life Policy Provisions Options and Riders

Free Life Policy Provisions Options and Riders Practice Questions

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

Subtopics: Misstatement of age, Suicide clause, Primary beneficiary, No surviving beneficiary, Common disaster, Spendthrift clause, Accelerated death benefit, Term rider, Payor benefit, Interest-only option, Fixed-period option, Assignment, Standard provisions, Beneficiaries, Beneficiary clauses, Settlement options, Nonforfeiture options, Policy loans, Dividend options, Riders, Grace period, Reinstatement, Incontestable clause, 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. Which life policy provision applies if the insured's age was stated incorrectly?

Misstatement of age provision

The misstatement of age provision adjusts the benefit to what the premium would have bought at the correct age.

2. If suicide occurs within the period stated in a life policy's suicide clause, the insurer generally will:

Return the premiums paid

Within the suicide clause period, the insurer typically refunds premiums paid rather than the full face amount.

3. A primary beneficiary is best described as the party who:

Has the first right to the death proceeds

The primary beneficiary has the first right to receive the death proceeds upon the insured's death.

4. If no named beneficiary survives the insured, the death proceeds are generally paid to:

The insured's estate

When no named beneficiary survives, proceeds are generally paid to the insured's estate.

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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.