Practice test

Free Insurance Licensing Practice Test

Take our free insurance licensing practice test with 20 questions covering life and health, property and casualty, and regulations. See your score instantly.

These questions are for study practice only and are not official exam questions.

Question 1

1

Which type of life insurance provides coverage for a specific period of time and pays a death benefit only if the insured dies during that period?

Question 2

2

What is the term for the person designated to receive the death benefit from a life insurance policy?

Question 3

3

Which type of life insurance builds cash value over time and remains in force for the insured's entire lifetime as long as premiums are paid?

Question 4

4

A waiver of premium rider on a life insurance policy means the insurer will:

Question 5

5

What is an annuity primarily used for in financial planning?

Question 6

6

Universal life insurance differs from whole life insurance primarily because universal life:

Question 7

7

The incontestability clause in a life insurance policy generally prevents the insurer from voiding the policy after how long?

Question 8

8

Under a Health Maintenance Organization (HMO) plan, a member who wants to see a specialist typically must first:

Question 9

9

What does the term 'insurable interest' mean in the context of life insurance?

Question 10

10

Which of the following best describes the 'accidental death benefit' rider added to a life insurance policy?

Question 11

11

A life insurance policy's 'free look' period allows the policyholder to:

Question 12

12

Under the nonforfeiture options available in a whole life policy, which option allows the policyholder to use accumulated cash value to purchase a paid-up policy for a reduced face amount?

Question 13

13

Which annuity settlement option guarantees payments for a specified period and continues to the beneficiary if the annuitant dies before the period ends?

Question 14

14

When a life insurance policy is surrendered for its cash value, which of the following tax consequences typically applies?

Question 15

15

In a standard homeowners insurance policy, which of the following perils is typically EXCLUDED from coverage?

Question 16

16

Auto insurance liability coverage pays for:

Question 17

17

What is a deductible in a property insurance policy?

Question 18

18

Comprehensive auto insurance coverage pays for vehicle damage caused by:

Question 19

19

Which homeowners coverage section pays for the policyholder's legal liability if a guest is injured on their property?

Question 20

20

The principle of subrogation in property insurance allows the insurer to:

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