Kansas Life & Health Insurance Practice Exam 2026 – Complete Prep Guide

Question: 1 / 400

Which statement is correct regarding the premium payment schedule for whole life policies?

Premiums are payable throughout the insured's lifetime

Premiums for whole life insurance policies are designed to be paid throughout the insured's lifetime. This structure allows the policy to build cash value over time while providing a death benefit that is guaranteed as long as premiums are paid. A significant feature of whole life insurance is that it assures lifelong coverage, meaning as long as the premiums are paid, the policy will remain in force until the death of the insured, effectively aligning with the concept of permanent life insurance.

The other statements do not accurately reflect how whole life policies operate. Premiums are not limited to just the first ten years, do not fluctuate based on the age of the insured after the policy is issued, and coverage does not end at age 85, making the first statement the most accurate representation of a whole life insurance premium payment schedule.

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Premiums are paid only for the first 10 years

Premiums vary based on age

Coverage lasts only until age 85

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