Life Insurance oefentoets (VS)
- 15 vragen
- Ongeveer 15 min
- Gratis
De vragen van de test blijven in het Engels.
A person buys a life insurance policy on the life of a business partner. When must an insurable interest in that partner's life exist?
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Over deze test
Dit is een gratis proefset van 15 vragen voor het onderdeel levensverzekeringen van een Amerikaans producer licensing-examen per staat, geschreven door het StudyPDF-team. De vragen gaan over term life, whole life en universal life, variabele producten, nonforfeiture-opties, riders, annuities (lijfrentes), underwriting en aanvraagregels, polisbepalingen, begunstigden en een beetje algemene zorgverzekering, met meerkeuzevragen, selecteer alles wat van toepassing is en invulvragen door elkaar. Beantwoord alle 15 vragen, bekijk daarna je score en lees de uitleg bij elke vraag.
Alle 15 vragen op een rij
Liever eerst lezen? Hieronder staat elke vraag uit deze oefentoets. Antwoorden en uitleg blijven ingeklapt tot je ze opent.
1.A person buys a life insurance policy on the life of a business partner. When must an insurable interest in that partner's life exist?
- A. At the time of the claim only
- B. At both the time of the application and the time of the claim
- C. At the time the policy is applied for
- D. At the time the first premium is invoiced
Antwoord: C. At the time the policy is applied for
In life insurance the insurable interest has to exist when the policy is applied for and issued. It does not have to still exist at death, so a policy that was valid when issued is still paid after, for example, a business partnership dissolves. That is the opposite of property insurance, where the interest must exist at the time of the loss. The reason for the rule is to keep people from buying policies on strangers, which would turn a protection contract into a wager on a death. Spouses, parents and children, and business partners with a financial stake are the usual examples of a valid interest.
2.A couple wants coverage that pays off their mortgage if either dies, with the benefit shrinking as the loan balance falls. Which policy fits best?
- A. Increasing term
- B. Decreasing term
- C. Whole life paid up at age 65
- D. Level term renewable to age 100
Antwoord: B. Decreasing term
Decreasing term has a death benefit that drops over the policy period, usually on a schedule that tracks the declining balance of a loan. The premium normally stays level while the benefit falls, which is why it costs less than a level term policy of the starting amount. Term insurance pays only if death occurs inside the stated period and builds no cash value. Whole life and long renewable term cost more because they cover a need the couple does not have here, which is a benefit that never shrinks.
3.Which feature most clearly separates universal life from traditional whole life?
- A. A cash value that grows tax deferred
- B. Lifetime protection as long as the policy stays in force
- C. A death benefit paid to a named beneficiary
- D. Flexible premiums and an adjustable death benefit
Antwoord: D. Flexible premiums and an adjustable death benefit
Universal life unbundles the policy into a term insurance charge, expense charges and a cash account that earns interest, and it lets the owner change the premium and, within limits, the death benefit. Traditional whole life has fixed premiums, a fixed death benefit and a guaranteed schedule of cash values. Tax deferred cash value, lifetime coverage and a beneficiary payout are shared by both kinds of permanent insurance. Flexibility cuts both ways, because a universal policy can lapse if the owner pays too little for the cash account to cover the monthly charges.
4.In a variable life insurance policy, who carries the investment risk of the separate account, and what does a producer need beyond an insurance license to sell it?
- A. The policy owner, and securities registration as well
- B. The insurer, and nothing beyond the insurance license
- C. The insurer, and a real estate license
- D. The policy owner, and nothing beyond the insurance license
Antwoord: A. The policy owner, and securities registration as well
Variable products put the cash value in subaccounts chosen by the owner, so the owner takes the investment gain or loss and the cash value is not guaranteed. Because the product has a securities component, it is sold with a prospectus and the producer must also hold the securities registration the regulators require, in addition to the state insurance license. Exactly which securities license applies is a matter for the regulators and your sponsoring firm. Fixed products work the other way round, because the insurer guarantees an interest rate and carries the investment risk.
5.A whole life policy has built cash value. The owner stops paying premiums and makes no election. In many policies, which nonforfeiture option applies automatically?
- A. Cash surrender
- B. Reduced paid-up insurance
- C. Extended term insurance
- D. A policy loan for the full cash value
Antwoord: C. Extended term insurance
Nonforfeiture options exist so that a policy owner who stops paying does not lose the value already built up. The three are cash surrender, reduced paid-up insurance and extended term insurance. Extended term keeps the full original face amount in force for as long as the cash value can buy at the insured's attained age, and it is the usual default when the owner does not choose, though the contract states what applies. Reduced paid-up buys a smaller amount of whole life for life, and cash surrender ends the coverage and pays the cash value.
6.An insured becomes totally disabled under the policy's definition. Which rider keeps the policy in force by having the insurer cover the premiums?
- A. Guaranteed insurability rider
- B. Waiver of premium rider
- C. Accidental death rider
- D. Cost of living rider
Antwoord: B. Waiver of premium rider
A waiver of premium rider stops the premiums during a qualifying disability, usually after a waiting period, while the policy and its cash value stay fully in force. A guaranteed insurability rider lets the owner buy more coverage at set future dates without new medical evidence. An accidental death rider pays an extra amount if death results from an accident. A cost of living rider adjusts the coverage to follow inflation. Riders are contract changes bought for an extra premium, and each one has its own definitions and exclusions.
7.What does the incontestable clause in a life insurance policy do?
- A. It limits the insurer's right to void the policy for misstatements in the application once the contestable period has passed
- B. It stops the insurer from ever denying a claim for any reason
- C. It prevents the owner from changing the beneficiary
- D. It guarantees the premium cannot rise during the first year
Antwoord: A. It limits the insurer's right to void the policy for misstatements in the application once the contestable period has passed
During the contestable period, which state law and the policy fix and which is commonly two years, the insurer may investigate and rescind for a material misrepresentation in the application. After that window the policy generally cannot be contested for those statements. The clause does not stop the insurer from refusing a claim for other reasons that remain valid, such as a lapse for unpaid premiums, and it does not protect against fraud in every state. Check how your state words the rule and what the policy exclusions say.
8.An applicant pays the first premium with the application and receives a conditional receipt. What does that receipt generally mean?
- A. Coverage is guaranteed from the day the producer signs the application, whatever the health history
- B. Coverage is bound as of the date of the application or the medical exam, whichever is later, if the applicant proves insurable as applied for
- C. The policy is issued only after the applicant makes a second payment
- D. The insurer cannot decline the application
Antwoord: B. Coverage is bound as of the date of the application or the medical exam, whichever is later, if the applicant proves insurable as applied for
A conditional receipt gives temporary coverage that depends on a condition: the insurer would have issued the policy as applied for at standard rates. If the applicant dies before the policy is delivered, the insurer checks whether that condition was met, and coverage then reaches back to the date stated in the receipt, commonly the later of the application and the medical exam. A receipt without an advance payment generally does not bind coverage until delivery. The exact wording is in the receipt, so read it as the contract.
9.In an individual disability income policy, what is the elimination period?
- A. The time after a disability begins before benefits become payable
- B. The maximum length of time benefits can be paid
- C. The time after policy issue before any claim is accepted
- D. The portion of each claim the insured pays after the benefit starts
Antwoord: A. The time after a disability begins before benefits become payable
The elimination period works like a time deductible: benefits do not start until the insured has been disabled for that long. A longer period lowers the premium, because the insurer pays fewer short claims. The benefit period is how long payments last once they start. A probationary period is a separate waiting time at the start of the contract during which certain sickness claims are not covered. Disability income replaces part of earned income, so the exam tends to pair it with definitions of disability and how much income the insured can replace.
10.Which of the following are settlement options, meaning ways a beneficiary can take the death benefit?
Selecteer alles wat van toepassing is.
- A. Lump sum
- B. Interest only
- C. Reduced paid-up insurance
- D. Life income
- E. Extended term insurance
- F. Cash surrender
Antwoord: A. Lump sum, B. Interest only, D. Life income
Settlement options deal with how death proceeds are paid out: a lump sum, interest only with the principal held for later, installments over a fixed period or in a fixed amount, and a life income that pays for the beneficiary's lifetime. Reduced paid-up, extended term and cash surrender are the three nonforfeiture options, which apply to a living owner who stops paying premiums. This pair is a standard exam trap, so remember the timing: settlement options come after a death and nonforfeiture options come after a lapse.
11.Which statements about annuities are correct?
Selecteer alles wat van toepassing is.
- A. An annuity is designed to protect against outliving your income, where life insurance protects against dying early
- B. In a variable annuity the contract owner bears the investment risk
- C. Annuitization turns the accumulated value into a stream of income payments
- D. A straight life annuity continues to pay the heirs for 20 years after the annuitant dies
- E. Fixed annuity values fall whenever the stock market falls
Antwoord: A. An annuity is designed to protect against outliving your income, where life insurance protects against dying early, B. In a variable annuity the contract owner bears the investment risk, C. Annuitization turns the accumulated value into a stream of income payments
An annuity has two phases, accumulation, when money goes in and earnings are generally tax deferred under federal rules, and the payout phase, when annuitization converts the value to income. In a fixed annuity the insurer guarantees interest and carries the risk. In a variable annuity the owner picks subaccounts and carries the market risk, which is why it needs securities registration to sell. A straight life option pays only while the annuitant lives. A period certain option is what guarantees payments to a beneficiary for a stated number of years. Tax treatment is a federal and state matter, and nothing here is tax advice.
12.Which statements about beneficiary designations are correct?
Selecteer alles wat van toepassing is.
- A. A contingent beneficiary is paid only if the primary beneficiary has died before the insured
- B. The owner can change a revocable beneficiary without the beneficiary's consent
- C. Changing an irrevocable beneficiary generally requires the beneficiary's written consent
- D. An insurer typically pays a minor child directly without any guardian or trust
- E. The beneficiary is the person whose life is insured
Antwoord: A. A contingent beneficiary is paid only if the primary beneficiary has died before the insured, B. The owner can change a revocable beneficiary without the beneficiary's consent, C. Changing an irrevocable beneficiary generally requires the beneficiary's written consent
The three roles are separate: the owner controls the contract, the insured is the life covered and the beneficiary receives the proceeds. A revocable designation can be changed by the owner alone. An irrevocable one gives the beneficiary a vested right, so changing it needs their consent. A contingent beneficiary only takes if the primary cannot. A minor generally cannot receive and manage a large sum directly, so the proceeds usually go to a court appointed guardian, or the owner names a trust or a custodian under state law. Who counts as a lawful beneficiary is decided by state law.
13.Complete the sentence.
A whole life policy has a $200,000 death benefit. The owner has an outstanding policy loan of $15,000 with $1,000 of unpaid interest when the insured dies. The insurer pays the beneficiary _____.
Opties voor invulveld 1: $185,000, $184,000, $200,000, $216,000
Antwoord: $184,000
Any loan balance plus unpaid interest is deducted from the proceeds at death, so $200,000 minus $16,000 is $184,000. Borrowing against a policy does not reduce its coverage while the insured lives, and the insurer charges interest on the loan, but the unpaid amount comes out of the claim. If loans and interest grow beyond the cash value, the policy can lapse, which also has tax consequences that belong with a tax professional.
14.Complete the sentence.
An applicant understated age. The premium paid was $400 a year, but the premium for the true age is $500 a year. The face amount is $100,000. Under the misstatement of age provision, the insurer pays _____.
Opties voor invulveld 1: $100,000, $90,000, $80,000, $75,000
Antwoord: $80,000
The provision does not void the policy. It adjusts the benefit to what the premium actually paid would have bought at the true age: $100,000 times $400 over $500 is $80,000. If the age had been overstated, the premium paid would have been too high and the insurer would refund the excess or raise the benefit. The provision is why an age error alone is usually not grounds to cancel coverage.
15.Complete the sentence.
Under federal tax rules, a life insurance policy funded faster than the seven-pay test allows is treated as a _____. Money taken out of it during the insured's life is generally taxed _____.
Opties voor invulveld 1: term conversion, modified endowment contract, split-dollar plan, paid-up addition
Opties voor invulveld 2: basis first, gain last, only at the insured's death, gain first, basis last, at no point
Antwoord: modified endowment contract, gain first, basis last
A policy that fails the seven-pay test becomes a modified endowment contract, or MEC. It keeps the income tax free death benefit, but loans and withdrawals are generally taxed gain first, and a distribution before age 59 and a half can carry a 10 percent additional tax on the gain. A regular permanent policy usually lets withdrawals up to basis come out first. Exams ask for the concept and the order, and the details belong with a tax professional, since this is not tax advice.
Wat het examen levensverzekeringen echt toetst
Er bestaat geen enkel landelijk examen levensverzekeringen. De verzekeringsdienst van elke staat bepaalt wie een producer license mag aanvragen, welke lines of authority er zijn, hoe lang elk examen duurt, welke score volstaat en hoeveel staatswetgeving de toets bevat. Veel staten combineren life met health, sommige toetsen ze apart, en het aantal vragen en de slaaggrens verschillen per staat en per line. De meeste staten publiceren via hun toetsaanbieder een candidate handbook met het exacte inhoudsoverzicht, dus dat gratis document is het eerste wat je downloadt.
Wat bijna elke staat gemeen heeft, is het algemene kennisoverzicht: hoe verzekeren werkt, de polistypes, hoe een polis uit bepalingen en riders is opgebouwd, hoe annuities verschillen van levensverzekeringen, hoe aanvragen en underwriting werken en wat de producer de klant verschuldigd is. Daar bovenop zit een blok verzekeringswetgeving van je eigen staat, over licenties, vervangingsregels, reclame en openbaarmaking. Dat staatsblok is het deel dat geen landelijke vragenset kan dekken.
Deze proefset blijft op de gedeelde basis, met een algemene vraag over zorgverzekering zodat de mix lijkt op een gecombineerd life- en health-examen. Niets op deze pagina is juridisch, fiscaal of financieel advies, en waar een cijfer van de staat of van het polisbeding afhangt, zegt de uitleg dat.
Hoe je deze proefset gebruikt en hoe je de stof leert
Maak alle 15 vragen in een keer zonder aantekeningen en lees daarna de uitleg bij elke vraag, ook bij de vragen die je goed had. Een gelukkige gok en echt begrip leveren hier dezelfde score op en op de examendag een heel andere. Als je een vraag mist, behandel dat dan als een onderwerp. Had je de nonforfeiture-vraag en de vraag over de contante waarde fout, herhaal dan als een samenhangend idee hoe een permanente polis zijn contante waarde opbouwt en uitkeert, want het examen vraagt er vanuit verschillende hoeken naar.
Vragen over levensverzekeringen draaien om exacte woorden. De eigenaar, de verzekerde en de begunstigde zijn drie verschillende rollen. Een nonforfeiture-optie is geen settlement-optie. Een rider verandert het contract, een bepaling zit erin ingebouwd, en een annuity beschermt tegen het overleven van je geld, terwijl een levensverzekering beschermt tegen te vroeg overlijden. Houd een lijst bij van de paren die je door elkaar haalt en oefen die tegen elkaar in plaats van het hoofdstuk opnieuw te lezen.
Doe de rekensommen met een potlood. Leensaldo's, leeftijdscorrecties en evenredige uitkeringen volgen dezelfde stappen: zoek de basis, pas de regel van het contract toe en kijk of de vraag om het hele bedrag of om een deel ervan vraagt. Werk daarna apart door de verzekeringswetgeving van je eigen staat, want daar is hier niets van gedekt.
Zo bouwt StudyPDF volledige oefentoetsen uit je voorbereidingsboek
Vijftien vragen kunnen laten zien waar je wankelt. Klaar voor het examen maken ze je niet, en een algemene bank zegt niets over het staatswetblok van jouw eigen examen.
StudyPDF werkt juist vanuit jouw eigen materiaal. Upload het voorbereidingsboek dat je kocht, de bundel van je pre-licensing-cursus, het candidate handbook dat je staat publiceerde of de slides van je docent, en Bo, de studie-agent, bouwt volledige oefentoetsen uit precies die pagina's. Elke vraag is gebaseerd op jouw materiaal en elke uitleg verwijst terug naar waar het antwoord vandaan komt, dus je gaat meteen naar de bron als iets niet klopt. Maak zo vaak als je wilt nieuwe toetsen, richt ze op een enkel gebied zoals annuities of polisbepalingen, en zie welke begrippen je blijft missen.
Je hoeft niets te uploaden om te beginnen. Ligt je cursusmateriaal nog onderweg, noem dan een onderwerp, bijvoorbeeld nonforfeiture-opties of de incontestable clause, en Bo schrijft daar een oefentoets over. Beginnen is gratis en past naast een baan, en zo bereiden de meeste mensen zich op een licentie voor.
Geschreven door het StudyPDF-team. Laatst bijgewerkt op 19 augustus 2026.
Goed om te weten
Is deze oefentoets levensverzekeringen gratis?
Ja. Alle 15 vragen, het scorescherm en elke uitleg zijn gratis te spelen in je browser, en je kunt de toets zo vaak herhalen als je wilt. Op deze pagina zit geen betaalmuur.
Hoeveel vragen heeft het examen levensverzekeringen en welke score haalt het?
Je staat bepaalt beide, samen met de tijdslimiet, de herkansingsregels en eventuele pre-licensing-opleiding. De cijfers verschillen ook per line of authority, en sommige staten toetsen life en health samen terwijl andere ze apart toetsen. Download het candidate handbook van je staat voor de actuele cijfers in plaats van op een vuistregel te vertrouwen.
Behandelt dit de verzekeringswetgeving van mijn staat?
Nee. Deze vragen gaan over de algemene kennis die zowel life- als health-kandidaten moeten hebben. Elke staat toetst daarnaast zijn eigen verzekeringswetgeving, zoals licenties, vervangingsregels, reclame en openbaarmaking. Leer dat deel uit het candidate handbook van je staat en je cursusmateriaal.
Wie heeft deze vragen geschreven, en kan ik er meer krijgen uit mijn eigen voorbereidingsboek?
Het StudyPDF-team heeft elke vraag en elke uitleg geschreven naar de algemene inhoudsoverzichten. Het zijn geen echte examenvragen en geen enkele komt uit de bank van een examenvoorbereider. StudyPDF heeft geen band met een verzekeringsdienst van een staat, een toetsaanbieder of een voorbereidingsschool, en niets hier is juridisch, fiscaal of financieel advies. Voor meer upload je je voorbereidingsboek of cursusbundel en Bo bouwt volledige oefentoetsen uit je eigen pagina's, of noem gewoon een onderwerp als je niets hebt om te uploaden.
Meer nodig dan een korte oefentoets?
Upload je eigen leerboek, slides of aantekeningen en Bo bouwt volledige oefentoetsen uit precies jouw materiaal, houdt bij welke begrippen je blijft missen en richt zich op je zwakke plekken. Gratis om te beginnen.