ca-psi-site-life-limited-payment-funeral-burial-expenses-tagalog Practice Test

1Single Choice

Under California law, what is the primary purpose of a life insurance policy sold on a 'limited to the payment of funeral and burial expenses' basis?

A.To provide income replacement for the beneficiary over a fixed term of years following the insured's death.
B.To pay only funeral, burial, and directly related final-expense costs of the insured, with any additional proceeds paid to a named beneficiary.
C.To accumulate a cash surrender value that the policyholder may borrow against during the policy's lifetime.
D.To cover outstanding medical bills and long-term care costs incurred prior to the insured's death.

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