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California Department of Insurance CA-Life-Accident-and-Health Exam Dumps - Actual Questions Answers

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California Department of Insurance CA-Life-Accident-and-Health Questions Answers

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CA-Life-Accident-and-Health Questions and Answers

Question # 1

Which life insurance feature allows an insured to exchange a term policy for a cash value policy?

A.

Convertibility

B.

Incontestability

C.

Reentry

D.

Renewability

Question # 2

What would we call a representation which fails to correspond with its stipulations or assertions?

A.

False

B.

Fatal

C.

Fraud

D.

Frivolous

Question # 3

Which tax advantage is available for individual nonqualified annuities?

A.

Fully taxable distributions.

B.

Deductibility of contributions.

C.

Penalty-free early withdrawals.

D.

Tax-deferred accumulation of earnings.

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