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FLORIDA 2-15 INSURANCE LICENCE EXAM
QUESTIONS AND CORRECT ANSWERS NEWEST
2025 ACTUAL EXAM COMPLETE 300
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+||BRAND NEW!!
A beneficiary is unsure of which settlement option to take.WHICH of the following is considered a temporary settlement option?
a) Fixed Period
b) Life income
c) Joint and survivor
d) Interest only - ANSWER-Interest only
The IRS considers life insurance policy dividends as:
a) Taxable as capital gains income
b) A return of premium from the insurer's divisible surplus and
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c) Taxable as ordinary income
d) Only taxable if the policy is third party owned - ANSWER-A
return of premium from the insurer's divisible surplus and therefore not taxable
WHICH of these dividend options is taxable
a) One year term insurance option
b) Paid up additions
c) Reduction of premium payments
d) Interest only option - ANSWER-Interest only option
WHICH nonforfeiture option provides the longest period of coverage?
a) Reduced paid up
b) Extended term
c) Cash surrender
d) Cash loans - ANSWER-Reduced paid up
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In order to advance part of the death benefit via the Accelerated
Death benefit rider, the insured:
a) All of these qualify for an Accelerated Death benefit advance
b) The insured has been diagnosed with a terminal illness and
has two years or less of life remaining
c) The insured needs an organ transplant
d) There has been a medical diagnosis that the insured's life span
is drastically reduced due to a disease - ANSWER-All of these qualify for an Accelerated Death benefit advance
WHAT annuity payout will guarantee income to the annuitant for the rest of their life?
- 20 year period certain
b) Interest only
c) Straight life or Life income
- 30 year fixed amount - ANSWER-Straight life or Life income
The policyowner permanently assigned ownership of a life
policy to another person. This is an example of:
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a) A collateral assignment
b) An absolute assignment
c) A loan assignment
d) A whole life assignment - ANSWER-An absolute assignment
WHICH of these statements best describes a collateral assignment?
a) The owner of the policy irrevocably assigned ownership of
the policy to another person
b) The policyowner pledges their equity in their home on a
policy loan
c) The insurer places a lien on the policyowner's bank account as
collateral on a loan
d) The insurance policy cash value can be used as security for a
loan or other monetary pledge - ANSWER-The insurance policy cash value can be used as security for a loan or other monetary pledge
A long-term care rider added to a life insurance policy can:
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