ACCIDENT AND HEALTH INSURANCE
EXAM 2026 COMPLETE PRACTICE
QUESTIONS, VERIFIED CORRECT
ANSWERS AND COMPREHENSIVE
LICENSING STUDY GUIDE
Key Employee policy - CORRECT ANSWER -Compensates business for loss
due to death or disability of key employee; premiums not deductible but
benefits tax-free. Health Insurance - CORRECT ANSWER -offset risk of
disability or prolonged illness
2 ways to purchase health insurance - CORRECT ANSWER -group plan &
individual plan
2 perils of health insurance - CORRECT ANSWER -sickness & accident
2 kinds of losses in health insurance - CORRECT ANSWER -medical bills &
lost income
2 types of health insurance policies - CORRECT ANSWER -medical expense
policies & disability income policies
, Medical Expense Policies pay: - CORRECT ANSWER -the doctors, nurses,
hospitals
Disability Income Policies pay: - CORRECT ANSWER -insured as
replacement check
Medical Expense - CORRECT ANSWER -Which Health Insurance policy?
-whole family covered
-paid immediately
- no guaranteed premiums (adjustable)
- dollar deductible
Disability Income - CORRECT ANSWER -Which Health Insurance Policy?
- wage earner covered
- paid monthly or bi-weekly according to paychecks
- guaranteed premiums
- deductible = elimination period
Elimination Period - CORRECT ANSWER -time without benefits
Deductible - CORRECT ANSWER -Amount you must pay before you begin
receiving any benefits from your insurance company
Blue Cross/Blue Shield - CORRECT ANSWER -Prepaid medical benefits for
"subscribers" @ approved facilities; many non-profit.
EXAM 2026 COMPLETE PRACTICE
QUESTIONS, VERIFIED CORRECT
ANSWERS AND COMPREHENSIVE
LICENSING STUDY GUIDE
Key Employee policy - CORRECT ANSWER -Compensates business for loss
due to death or disability of key employee; premiums not deductible but
benefits tax-free. Health Insurance - CORRECT ANSWER -offset risk of
disability or prolonged illness
2 ways to purchase health insurance - CORRECT ANSWER -group plan &
individual plan
2 perils of health insurance - CORRECT ANSWER -sickness & accident
2 kinds of losses in health insurance - CORRECT ANSWER -medical bills &
lost income
2 types of health insurance policies - CORRECT ANSWER -medical expense
policies & disability income policies
, Medical Expense Policies pay: - CORRECT ANSWER -the doctors, nurses,
hospitals
Disability Income Policies pay: - CORRECT ANSWER -insured as
replacement check
Medical Expense - CORRECT ANSWER -Which Health Insurance policy?
-whole family covered
-paid immediately
- no guaranteed premiums (adjustable)
- dollar deductible
Disability Income - CORRECT ANSWER -Which Health Insurance Policy?
- wage earner covered
- paid monthly or bi-weekly according to paychecks
- guaranteed premiums
- deductible = elimination period
Elimination Period - CORRECT ANSWER -time without benefits
Deductible - CORRECT ANSWER -Amount you must pay before you begin
receiving any benefits from your insurance company
Blue Cross/Blue Shield - CORRECT ANSWER -Prepaid medical benefits for
"subscribers" @ approved facilities; many non-profit.
