Life Insurance License Readiness Test

10 questions, balanced across the exam's topics. Answer each one, then submit for your practice readiness estimate and per-topic breakdown. This is a practice estimate — not a prediction or guarantee of your official exam result.

After your result, you can start studying right away: the first questions of the full practice bank are free, with no card required.

Question 1

Which term is defined as: "withholding material facts from the insurer; can void the policy"

Question 2

Who bears the investment risk in a variable universal life insurance policy?

Question 3

The commonly cited state guaranty association limit: what is the correct dollars?

Question 4

In what year did enactment of the Social Security Act occur?

Question 5

Using an income-multiple of 10, how much life insurance does someone earning $80,000 need?

Question 6

Which of the following best exemplifies annuity types?

Question 7

Which term is defined as: "voluntarily giving up a known right; estoppel then bars asserting it later"

Question 8

Which term is defined as: "incurred losses divided by earned premiums"

Question 9

Which of the following IS an example of nonforfeiture options?

Question 10

Which term is defined as: "the National Association of Insurance Commissioners"

Unanswered questions count as incorrect. Your answers are graded on the server; no answer key is sent to your browser.

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