10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The IDLH exam has 86 questions and runs 2 hours.
These 10 free IDLH questions are organized by exam domain, so you can see how each part of the Idaho Life Insurance Producer Exam blueprint is tested. Reveal the answer and explanation under each question.
A universal life policy uses death-benefit Option A. Its specified amount is $500,000, cash value rises during the year, and no corridor adjustment is required. What happens solely because the cash value increased?
Correct answer: B - The death benefit stays level, while the net amount at risk decreases
At annuitization, a 76-year-old has no dependents, no estate objective, and other assets available for emergencies. She wants the largest possible monthly payment that will continue only while she lives. Which payout option matches that objective?
Correct answer: A - Life income (straight life)
A 42-year-old owns a renewable and convertible level term policy. Two months before the conversion deadline, he is diagnosed with leukemia. The contract states that converted-policy premiums are based on attained age. He wants permanent coverage equal to the term face amount. What can he do?
Correct answer: D - Exercise the conversion privilege without new evidence and pay the attained-age permanent premium
A fixed indexed life segment has a 0% floor, an 80% participation rate, and a 7% cap. The index rises 12% during the segment, and policy charges are deducted separately. Which statement correctly describes the result?
Correct answer: C - The segment is credited 7%, but charges may still reduce the account value
A whole life policy includes a guaranteed insurability rider with an option date this month. Since issue, the insured has developed insulin-dependent diabetes. She requests the maximum additional coverage allowed by the rider. The insurer should:
Correct answer: D - Issue the rider amount without new evidence, using the insured's attained age for the new premium
After 18 years of premium payments, an owner can no longer afford a whole life policy. He wants to stop all future premiums but preserve the original death benefit for as long as the existing cash value can support it. Which nonforfeiture choice fits?
Correct answer: B - Extended term insurance
The beneficiary designation reads, 'my children, per stirpes.' The insured had two children. One survives; the other died earlier, leaving two children of her own. How is the death benefit divided?
Correct answer: B - One-half to the surviving child and one-quarter to each grandchild
A policyowner names his spouse as beneficiary, then collaterally assigns the policy to a bank as security for a business loan. At the insured's death, the valid debt plus accrued interest is less than the policy proceeds. Who has priority?
Correct answer: D - The bank receives the secured amount first; the spouse receives the remainder
An applicant pays the initial premium Monday and receives a conditional receipt stating that coverage begins on the later of the application date or required medical examination, provided the applicant was insurable as applied for on that date. The examination is completed Friday. The applicant dies Saturday, and underwriting later confirms she qualified exactly as applied for. When did coverage begin?
Correct answer: A - Friday, when the required medical examination was completed
A life insurer offers coverage at a higher premium partly because of information in a consumer report. Which notice satisfies the Fair Credit Reporting Act?
Correct answer: D - Identify the reporting agency, state it did not make the decision, and explain the 60-day free-report and dispute rights
The IDLH exam also covers these domains. Drill them in the full free practice test:
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