Florida Life and Health Insurance
Exam QUESTIONS WITH CORRECT
SOLUTIONS||100% GUARANTEED
PASS||UPDATED 2026/2027
SYLLABUS||A+ GRADED||<<RECENT
VERSION>>
What is policy replacement? - ANSWER ✓ A new policy is issued while an
existing policy is terminated or reissued with reduction in cash value.
What type of life insurance is best suited to cover a mortgage? - ANSWER ✓
Decreasing Term
When the amount of insurance is increased in an adjustable life policy, what will
the insurer require from the insured? - ANSWER ✓ Evidence of Insurability.
What are the "living benefits" of whole life insurance? - ANSWER ✓ Cash Value
Statements on the application made by an applicant for a life insurance policy are
known as what? - ANSWER ✓ Representations
What dividend option can increase the death benefit of the existing life policy> -
ANSWER ✓ Paid-up additions
What are the most common exclusions in life insurance policies? - ANSWER ✓
War and Military service, hazardous occupation, and Aviation.
If the beneficiary of a life insurance policy receives death benefit payments that
consist of principal and interest, which portion, if any, will be taxed? - ANSWER
✓ Interest Only
, What type of annuity is suitable for someone who wants the largest benefit
amount only for as long as the annuitant lives? - ANSWER ✓ Straight Life
What is the main reason for purchasing an annuity? - ANSWER ✓ To provide
income that the annuitant cannot outlive.
SIMPLE plans are available to groups of how many employees? - ANSWER ✓
No more than 100
What type of health insurance would pay for hiring a replacement for a valuable
employee who becomes disabled? - ANSWER ✓ Key-person disability insurance
What is a presumptive disability provision? - ANSWER ✓ Provision found in
most disability income policies that specifies the conditions that will automatically
qualify for full disability benefits.
Under an individual disability income policy, the benefits must be paid on at least
what schedule? - ANSWER ✓ Monthly
What is a probationary period in group health insurance? - ANSWER ✓ The
period of time that must lapse before an employee is eligible for group health
coverage.
Who decides which optional provisions would be included in the health policy? -
ANSWER ✓ The insurance company
Which Medicare part helps pay for inpatient hospital care, inpatient care in skilled
nursing facility, home health care, and hospice care? - ANSWER ✓ Part A
Can Alzheimer's disease be excluded from coverage under a ling-term care
policy? - ANSWER ✓ NO, organic cognitive disorders, such as Alzheimer's or
Parkinson's must be covered.
How many consecutive months of coverage must long-term care insurance
provide? - ANSWER ✓ 12 Months
Under a fully contributory health plan, how are the benefits received by the
employee? - ANSWER ✓ Income tax free
, How are the benefits of a group accidental death and dismemberment policy
received? - ANSWER ✓ Income Tax free
What is overinsurance? - ANSWER ✓ An excessive amount of insurance that
would result in over payment to the insured in the event of a loss.
Most health policies will pay accidental death benefits if the death is caused by an
accident and occurs within how many days? - ANSWER ✓ 90 Days
In health insurance, what is considered a sickness? - ANSWER ✓ An illness that
first arises while the policy is in force.
What do individual insureds receive as proof of their group health coverage? -
ANSWER ✓ Certificate of Insurance
In health insurance contracts, the insured is not legally bound to any particular
action; however, the insurer is obligated to pay for losses covered by the policy.
What contract characteristic does this describe? - ANSWER ✓ Unilateral
How do insurers determine that cost for a group health policy? - ANSWER ✓ The
main variables are the ration of men and women in the group, and the average age
of the group.
Who is responsible for making premium payments in an HMO plan? - ANSWER
✓ Subscribers
What health policy provision describes the insured's right to cancel coverage? -
ANSWER ✓ Renewability Provision
When can an irrevocable beneficiary be changed? - ANSWER ✓ With the written
consent of the beneficiary.
Under the uniform required provisions for health insurance policies, proof of loss
usually needs to be filed within how many days? - ANSWER ✓ 90 Days
What is the required free-look period for Medicare supplement policies? -
ANSWER ✓ 30 Days
Exam QUESTIONS WITH CORRECT
SOLUTIONS||100% GUARANTEED
PASS||UPDATED 2026/2027
SYLLABUS||A+ GRADED||<<RECENT
VERSION>>
What is policy replacement? - ANSWER ✓ A new policy is issued while an
existing policy is terminated or reissued with reduction in cash value.
What type of life insurance is best suited to cover a mortgage? - ANSWER ✓
Decreasing Term
When the amount of insurance is increased in an adjustable life policy, what will
the insurer require from the insured? - ANSWER ✓ Evidence of Insurability.
What are the "living benefits" of whole life insurance? - ANSWER ✓ Cash Value
Statements on the application made by an applicant for a life insurance policy are
known as what? - ANSWER ✓ Representations
What dividend option can increase the death benefit of the existing life policy> -
ANSWER ✓ Paid-up additions
What are the most common exclusions in life insurance policies? - ANSWER ✓
War and Military service, hazardous occupation, and Aviation.
If the beneficiary of a life insurance policy receives death benefit payments that
consist of principal and interest, which portion, if any, will be taxed? - ANSWER
✓ Interest Only
, What type of annuity is suitable for someone who wants the largest benefit
amount only for as long as the annuitant lives? - ANSWER ✓ Straight Life
What is the main reason for purchasing an annuity? - ANSWER ✓ To provide
income that the annuitant cannot outlive.
SIMPLE plans are available to groups of how many employees? - ANSWER ✓
No more than 100
What type of health insurance would pay for hiring a replacement for a valuable
employee who becomes disabled? - ANSWER ✓ Key-person disability insurance
What is a presumptive disability provision? - ANSWER ✓ Provision found in
most disability income policies that specifies the conditions that will automatically
qualify for full disability benefits.
Under an individual disability income policy, the benefits must be paid on at least
what schedule? - ANSWER ✓ Monthly
What is a probationary period in group health insurance? - ANSWER ✓ The
period of time that must lapse before an employee is eligible for group health
coverage.
Who decides which optional provisions would be included in the health policy? -
ANSWER ✓ The insurance company
Which Medicare part helps pay for inpatient hospital care, inpatient care in skilled
nursing facility, home health care, and hospice care? - ANSWER ✓ Part A
Can Alzheimer's disease be excluded from coverage under a ling-term care
policy? - ANSWER ✓ NO, organic cognitive disorders, such as Alzheimer's or
Parkinson's must be covered.
How many consecutive months of coverage must long-term care insurance
provide? - ANSWER ✓ 12 Months
Under a fully contributory health plan, how are the benefits received by the
employee? - ANSWER ✓ Income tax free
, How are the benefits of a group accidental death and dismemberment policy
received? - ANSWER ✓ Income Tax free
What is overinsurance? - ANSWER ✓ An excessive amount of insurance that
would result in over payment to the insured in the event of a loss.
Most health policies will pay accidental death benefits if the death is caused by an
accident and occurs within how many days? - ANSWER ✓ 90 Days
In health insurance, what is considered a sickness? - ANSWER ✓ An illness that
first arises while the policy is in force.
What do individual insureds receive as proof of their group health coverage? -
ANSWER ✓ Certificate of Insurance
In health insurance contracts, the insured is not legally bound to any particular
action; however, the insurer is obligated to pay for losses covered by the policy.
What contract characteristic does this describe? - ANSWER ✓ Unilateral
How do insurers determine that cost for a group health policy? - ANSWER ✓ The
main variables are the ration of men and women in the group, and the average age
of the group.
Who is responsible for making premium payments in an HMO plan? - ANSWER
✓ Subscribers
What health policy provision describes the insured's right to cancel coverage? -
ANSWER ✓ Renewability Provision
When can an irrevocable beneficiary be changed? - ANSWER ✓ With the written
consent of the beneficiary.
Under the uniform required provisions for health insurance policies, proof of loss
usually needs to be filed within how many days? - ANSWER ✓ 90 Days
What is the required free-look period for Medicare supplement policies? -
ANSWER ✓ 30 Days
