California Insurance License Exam Practice Test Practice Question
When a person charges an insured a fee to review the insured's existing life policy, what type of license does that person need?
Correct Answer: C
Rationale: To review an existing life policy and charge a fee, a professional must possess a license that specifically allows for the analysis of life insurance products. A life and disability analyst is trained to evaluate and provide advice on such policies, making this option the most appropriate.
Option A, a life agent, is primarily focused on selling new policies rather than reviewing existing ones. Option B, a personal lines agent, typically deals with property and casualty insurance, not life insurance. Option D, a life or disability adjuster, handles claims and does not provide policy analysis or advice. Therefore, only a life and disability analyst is qualified for this task.
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