Florida Life and Health Insurance License Practice Test

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Prepare for the Florida Life and Health Insurance License Exam with our comprehensive overview. Take quizzes designed to boost your knowledge and confidence. Get ready to ace your test with our helpful tips and insights!

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What type of policy is a Return of Premium life insurance?

Variable life
Whole life and Increasing term
Term life
Universal life

The correct answer is: Whole life and Increasing term

Return of Premium life insurance is a type of combined Whole life and Increasing term policy where the premium paid is returned at the end of the policy term if the insured individual has not passed away. This distinguishes it from Term life insurance, where the premium is not returned. Variable life and Universal life insurance are separate types that do not offer a return of premium.