Online Access Free Hawaii-Life-Producer Practice Test

Under Hawaii Group Life Insurance law, a dependent is defined as a child of the insured who is:

• A.at least 15
• B.under the age of 18
• C.under the age of 26
• D.under the age of 21

An individual purchases a life insurance policy delivered in Hawaii. After reviewing the contract, the purchaser decides that the coverage does not meet their needs. Under Hawaii law, within how many days after receiving the policy may the purchaser return it for a refund of premium?

• A.30 days
• B.10 days
• C.5 days
• D.15 days

Which of the following statements is CORRECT about Credit Life insurance?

• A.It insures the life of a beneficiary.
• B.It insures the life of your spouse.
• C.It insures the life of a debtor.
• D.It insures the life of a creditor.

An insured replaces a life insurance policy with another policy issued by the SAME insurer. With respect to the new policy's incontestability and suicide periods, the replacing insurer must generally:

• A.apply the credit only if the beneficiary remains unchanged
• B.waive all future premiums for two years
• C.restart both periods completely without credit
• D.credit the time elapsed under the existing policy, up to the face amount of the existing policy

Which of the following Annuities has benefits that reflect the investment experience of a separate account?

• A.Variable
• B.Immediate
• C.Retirement
• D.Fixed