California Insurance License Exam Practice Test Practice Question
Which policy covers all children in a family, even if they are born after the policy is issued?
Correct Answer: D
Rationale: Family policies are designed to provide coverage for all children within a family, including those born after the policy's issuance. This ensures that new additions to the family are automatically included under the same coverage, offering peace of mind to parents.
Survivorship policies focus on covering two lives, paying out only after both insured individuals pass away, and do not extend to children. Joint life policies cover two individuals but do not automatically include future children. Juvenile policies specifically insure children but do not extend to siblings or future children, making them less comprehensive for families.
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