Practice test

Insurance Practice Exam 5

Insurance practice exam 5 at the core tier blends beginner and intermediate questions on life, health, property, casualty, and licensing rules. Full explanations.

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

Question 1

1

A modified endowment contract (MEC) results when a life policy is funded:

Question 2

2

Under an 80 percent coinsurance clause, a building worth $500,000 must be insured for at least what amount to avoid a coinsurance penalty?

Question 3

3

A producer recommends an annuity surrender that creates a large surrender charge with little benefit to the client. This most likely violates rules on:

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