Practice test

Insurance Practice Exam 14

Insurance Practice Exam 14 is a premium advanced 25-question test on policy loans, 1035 exchanges, marine and contractor coverage, reinsurance, and insolvency rules.

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

Question 1

1

A whole life policy owner takes a $20,000 policy loan against $60,000 of cash value, then the insured dies. The death benefit is $200,000. The beneficiary receives:

Question 2

2

A 1035 exchange from an existing annuity to a new annuity preserves:

Question 3

3

Under the accelerated death benefit (living benefit) rider, an insured with a qualifying terminal illness may:

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