PA Life, Health and Accident Insurance - Exam Practice Questions and Answers Updated 2026.

PA Life, Health and
Accident Insurance -
Exam Practice Questions
and Answers Updated
2026
WhichBofBtheseBfactorsBisBNOTBtakenBintoBconsiderationBwhenBdeterminingBtheBcostB
ofBaBlong-termBcareBpolicy?B-BAnswerBPersonalBIncome



WhatBisBtheBnonforfeitureBvalueBofBanBannuityBbeforeBannuitization?B-
BAnswerBAllBpremiumsBpaid,BplusBinterest,BminusBanyBwithdrawalsBandBsurrenderBch
arges



InBanBemployerBsponsoredBcontributoryBgroupBdisabilityBincomeBplanBtheBemployerBp
aysB60%BofBtheBpremiumBandBeachBemployeeBpaysB40%BofBtheBpremium.BAnyBinco
meBbenefitsBpaidBareBtaxedBtoBtheBemployeeBat?B-BAnswerB60%



PremiumBmodeBisBaBtermBusedBtoBdescribeBthe?B-
BAnswerBFrequencyBofBtheBpremiumBpayment



ABmasterBcontractBandBcertificateBofBcoverageBcanBbeBfoundBinBwhichBtypeBofBpolicy
?B-BAnswerBGroup



WithBaBscheduledBdentalBpolicy,BhowBareBcoveredBexpensesBpaid?B-
BAnswerBBenefitsBareBlimitedBtoBaBspecificBmaximumBdollarBamountBperBprocedure



AllBofBtheBfollowingBareBincludedBasBaBpartBofBaBcontractBinBtheBentireBcontractBpro
visionBEXPECTBthe?B-BAnswerBChangeBmadeBbyBtheBproducer

,ABsecuritiesBlicenseBisBrequiredBforBaBlifeBinsuranceBproducerBtoBsellB-
BAnswerBVariableBlifeBinsurance



UnderBaBdisabilityBincomeBpolicy,BwhichBprovisionBwouldBbeBpayableBifBtheBcauseBof
BanBinjuryBisBunexpectedBandBaccidental?B-BAnswerBAccidentalBbodilyBinjuryBprovision



UnderBaBlifeBinsuranceBpolicy,BwhatBdoesBtheBinsuringBclauseBstate?B-
BAnswerBTheBinsuresBobligationBtoBpayBaBdeathBbenefitBuponBanBapprovedBdeathBcl
aim



WhatBtypeBofBdisabilityBwouldBbeBlessBthanBtotalBimpairmentBandBequalBtoBpermane
ntBimpairment?B-BAnswerBPermanentBpartialBdisability



WhichBofBtheseBstatementsBregardingBtheBannuitantBisBCORRECT?B-
BAnswerBTheBannuitantsBlifeBexpectancyBdeterminesBtheBannuityBpayments



AnBinsurerBmustBfurnishBtoBaBclaimantBformsBforBfilingBproofBofBlossBwithinB___Bday
sBuponBreceivingBaBnoticeBofBclaim.B-BAnswerB15Bdays



ABlifeBinsuranceBpolicyBthatBisBsubjectBtoBaBcontractBinterestBrateBisBreferredBtoBasB-
BAnswerBUniversalBLife



WhichBsettlementBoptionBinvolvesBhavingBtheBproceedsBremainBwithBtheBinsurerBandB
earningsBpaidBonBaBmonthlyBbasisBtoBtheBbeneficiary?B-BAnswerBInterestBonly



WithinBhowBmanyBdaysBmustBaBproducerBreportBtoBtheBcommissionerBanyBchargesB
madeBagainstBthem?B-BAnswerB30Bdays



WhichBofBtheBfollowingBwouldBbeBconsideredBaBpossibleBapplicantBandBcontractBpolic
yholderBforBgroupBhealthBbenefits?B-BAnswerBEmployer

, HowBareBannuitiesBgivenBfavorableBtaxBtreatment?B-
BAnswerBGainsBareBtaxedBatBdistribution



TheBtermBwhichBdescribesBtheBfactBthatBbothBpartiesBofBaBcontractBmayBNOTBreceiv
eBtheBsameBvalueBisBreferredBtoBasB-BAnswerBAleatory



KarenBisBaBproducerBwhoBhasBobtainedBpersonalBinformationBaboutBaBclientBwithoutB
havingBaBlegitimateBreasonBtoBdoBso.BUnderBtheBMcCarran-
FergusonBAct,BwhatBisBtheBminimumBpenaltyBforBthis?B-BAnswerB$10,000



TheBentireBcontractBincludesBtheBactualBpolicyBandBtheB-BAnswerBApplication



WhichBofBtheseBdescribesBtheBresultBofBaBmodifiedBendowmentBcontractBthatBfailedB
toBmeetBtheBsevenBpayBtest?B-BAnswerBPreBDeathBdistributionsBareBtypicallyBtaxable



PhilBisBshoppingBforBanBannuityBthatBguaranteesBheBCANNOTBoutliveBtheBbenefits.BW
hichBofBtheseBbenefitBoptionsBwouldBheBchoose?B-
BAnswerBGuaranteedBlifetimeBwithdrawalBbenefit



ABpermanentBlifeBinsuranceBpolicyBwhereBtheBpolicyBownerBpaysBpremiumsBforBaBspe
cifiedBnumberBofByearsBisBcalledBan?B-BAnswerBlimitedBpayBpolicy



TheBwaiverBofBpremiumBdoesBNOTBincludeBwhichBprovision?B-
BAnswerBAllBfutureBpremiumsBareBwaivedBifBtheBinsuredBrecoversBfromBtheBdisability



ABlifeBinsuranceBillustrationBshowingBfutureBpremiumsBbeingBpaidBoutBofBnonBguarant
eedBvalueBmustBdiscloseBthatB-
BAnswerBTheBpolicyBownerBmayBneedBtoBresumeBpremiumBpaymentsBdependingBonB
actualBresults