Nevada Life, Accident, Health
Insurance Exam Practice
$50,000 - ANS-An insured owns a $50,000 whole lifestyles policy. At age 47, the insured
decides to cancel his policy and workout the prolonged term option for the policy's coins value,
that's currently $20,000. What would be the face quantity of the new time period coverage?
$500,000 - ANS-What is the maximum amount that the Nevada Life & Health Insurance
Guaranty Association may be obligated to pay with appreciate to fundamental medical health
insurance for one life?
1 12 months - ANS-A lifestyles producer applying for a viatical agreement dealer license can be
exempt from the prelicensing education and examination requirement if the producer has held
an active lifestyles license for as a minimum how many years?
Three Hours - ANS-Producers should entire how many hours of persevering with education on
the subject of ethics every licensing duration?
20% - ANS-What is a penalty tax for nonqualified distributions from a health savings account?
Ninety days of a loss - ANS-Under the uniform required provision proof of loss beneath a
medical health insurance policy should typically be filed within how many days?
A mutual insurer - ANS-Insurance agencies can be classified according to the criminal shape in
their possession. The kind of organisation prepared to return any surplus cash to their
policyholders is
A retired character age 50 - ANS-All of the subsequent people can also qualify for Medicare
medical health insurance blessings EXCEPT
Acute care in a sanatorium - ANS-Which of the following is NOT protected below a
protracted-term care policy?
An agent misrepresents coverage blessings to persuade a policyowner to replace regulations -
ANS-Rebating is an unfair change practice and is regulated by way of regulation. All of the
following would be taken into consideration to be rebating EXCEPT
An character not protected through an employer-backed plan who has earned profits. -
ANS-Who can make a totally deductible contribution to a conventional IRA
, Annuitant - ANS-When an annuity is written, whose lifestyles expectancy is taken into account?
Annuitization period - ANS-In an annuity, the amassed money is converted right into a flow of
income in the course of which period duration?
Annuity - ANS-Which of the subsequent products will defend an man or woman from outliving
his or her money?
Are made through the enterprise and aren't tax-deductible - ANS-Under a Key Person
incapacity profits policy, premium payments
Assets - ANS-In a alternative scenario, all of the following must be taken into consideration
EXCEPT
Attained age - ANS-The top rate charged for exercising the Guaranteed Insurability Rider is
primarily based upon the insured's
Be licensed as a existence coverage manufacturer - ANS-For an agent to promote non-stop
care coverage, the agent have to meet all of the following necessities EXCEPT
Brokers do no longer want to be appointed - ANS-Which of the subsequent is true concerning
coverage agency appointment for a broker?
Cash price in excess of the premiums paid is taxed upon policy surrender - ANS-Which of the
following is real concerning taxation of coins cost in a existence coverage coverage?
Cash cost is assured - ANS-Concerning a Whole Life Policy, which of the subsequent
statements is accurate?
Collateral task - ANS-A business proprietor became trying to obtain a financial institution
mortgage to fund the purchase of a new business facility, however the bank required evidence
of extra property to secure the mortgage. The commercial enterprise owner then determined to
use her $250,000 existence insurance policy to secure the loan. Which provision makes this
possible?
Common catastrophe - ANS-An insured and his spouse are each concerned in a head-on
collision. The husband dies immediately, and the wife dies 15 days later. The organisation will
pay the loss of life advantage to the property of the insured. This indicates that the life coverage
policy had what provision?
Daily care by means of medical personnel - ANS-What quantity of care is provided in LTC's
intermediate care?
Insurance Exam Practice
$50,000 - ANS-An insured owns a $50,000 whole lifestyles policy. At age 47, the insured
decides to cancel his policy and workout the prolonged term option for the policy's coins value,
that's currently $20,000. What would be the face quantity of the new time period coverage?
$500,000 - ANS-What is the maximum amount that the Nevada Life & Health Insurance
Guaranty Association may be obligated to pay with appreciate to fundamental medical health
insurance for one life?
1 12 months - ANS-A lifestyles producer applying for a viatical agreement dealer license can be
exempt from the prelicensing education and examination requirement if the producer has held
an active lifestyles license for as a minimum how many years?
Three Hours - ANS-Producers should entire how many hours of persevering with education on
the subject of ethics every licensing duration?
20% - ANS-What is a penalty tax for nonqualified distributions from a health savings account?
Ninety days of a loss - ANS-Under the uniform required provision proof of loss beneath a
medical health insurance policy should typically be filed within how many days?
A mutual insurer - ANS-Insurance agencies can be classified according to the criminal shape in
their possession. The kind of organisation prepared to return any surplus cash to their
policyholders is
A retired character age 50 - ANS-All of the subsequent people can also qualify for Medicare
medical health insurance blessings EXCEPT
Acute care in a sanatorium - ANS-Which of the following is NOT protected below a
protracted-term care policy?
An agent misrepresents coverage blessings to persuade a policyowner to replace regulations -
ANS-Rebating is an unfair change practice and is regulated by way of regulation. All of the
following would be taken into consideration to be rebating EXCEPT
An character not protected through an employer-backed plan who has earned profits. -
ANS-Who can make a totally deductible contribution to a conventional IRA
, Annuitant - ANS-When an annuity is written, whose lifestyles expectancy is taken into account?
Annuitization period - ANS-In an annuity, the amassed money is converted right into a flow of
income in the course of which period duration?
Annuity - ANS-Which of the subsequent products will defend an man or woman from outliving
his or her money?
Are made through the enterprise and aren't tax-deductible - ANS-Under a Key Person
incapacity profits policy, premium payments
Assets - ANS-In a alternative scenario, all of the following must be taken into consideration
EXCEPT
Attained age - ANS-The top rate charged for exercising the Guaranteed Insurability Rider is
primarily based upon the insured's
Be licensed as a existence coverage manufacturer - ANS-For an agent to promote non-stop
care coverage, the agent have to meet all of the following necessities EXCEPT
Brokers do no longer want to be appointed - ANS-Which of the subsequent is true concerning
coverage agency appointment for a broker?
Cash price in excess of the premiums paid is taxed upon policy surrender - ANS-Which of the
following is real concerning taxation of coins cost in a existence coverage coverage?
Cash cost is assured - ANS-Concerning a Whole Life Policy, which of the subsequent
statements is accurate?
Collateral task - ANS-A business proprietor became trying to obtain a financial institution
mortgage to fund the purchase of a new business facility, however the bank required evidence
of extra property to secure the mortgage. The commercial enterprise owner then determined to
use her $250,000 existence insurance policy to secure the loan. Which provision makes this
possible?
Common catastrophe - ANS-An insured and his spouse are each concerned in a head-on
collision. The husband dies immediately, and the wife dies 15 days later. The organisation will
pay the loss of life advantage to the property of the insured. This indicates that the life coverage
policy had what provision?
Daily care by means of medical personnel - ANS-What quantity of care is provided in LTC's
intermediate care?
