Types of Life Policies and Features — practice questions
10% of the exam ≈15 real questions 22 free questions here
Whole life, universal life, variable universal life, term, and annuities — this domain is worth about 15 of the 150 scored questions. Most items are recognition problems: a scenario describes a client need or a policy behavior, and you pick the product that matches.
Where people lose points
- Confusing variable universal life (separate account, no guaranteed minimum) with interest-sensitive whole life (general account, guaranteed floor).
- Missing that decreasing term is the mortgage answer while level term is the income-replacement answer.
- Mixing up the accumulation period and the annuity period on deferred annuities.
- Forgetting that joint life pays on the first death and survivorship life pays on the second.
Drill: Types of Life Policies and Features
22 free questions from this domain, each with an explanation and a cited source. Timed at real exam pace.
22 questions
Pass line: 70%, same as the real exam
See the answer and explanation right after each question.