fe, Accident and Health Exam Questions and Answers Updated 2026

Life, Accident and Health Exam
Questions and Answers Updated
2026
AnnuityB-BAnswerB-
ABcontractBbetweenBaBpersonBandBanBinsuranceBcompanyBthatBrequiresBtheBinsurerBt
oBmakeBpaymentsBtoByou.

-YouBbuyBanBannuityBbyBmakingBeitherBaBsingleBpaymentBorBaBseriesBofBpayments

-AnnuityBDeathBbenefitsBareBNOTBtaxBdeductibleBorBtaxfree



DividendsB-BAnswerB-DeclaredBbyBtheBboardBofBdirectorsBandBcannotBbeBguaranteed

-
ABsumBofBmoneyBpaidBregularlyBbyBaBcompanyBtoBitsBshareholdersBoutBofBitsBprofits



StockBInsurersB-BAnswerB-
OwnedBbyBtheBstockholdersBwhoBelectBtheBboardBofBdirectors.B

-ProfitsBareBpaidBtoBtheBstockholders.



FrequencyB-BAnswerB-
WhenBtheBpricingBprincipleBisBdefinedBinBaBdisabilityBpolicyBbyBaBfinancialBlossBinBaB
certainBgroupBoccuringBoverBaBcertainBperiodBofBtime.



BeneficiaryB-BAnswerBOneBwhoBreceivesBbenefits



Medi-CalB-BAnswerBhealthBcareBprogramBforBtheBpoor



MedicareB-BAnswerBAB-
BprovidesBcoverageBforBhospitalBservices,BfreeBtoBthoseBwhoBreachB65)

BB-BprovidesBcoverageBforBdoctorBservicesB(optional)

CB-BdoesBNOTBcoverBprescriptionBdrugsB

,DB-BPrescriptionBDrugs



UtmostBGoodBFaithB-BAnswerB-
AllowsBeachBpartyBtoBrelyBonBtheBrepresentationBmadeBbyBotherBparty



PatientBProtectionB&BAffordableBCareBActB(PPACA)B-
BAnswerBThisBisBtheBhealthBcareBreformBlaw.BFocusesBonBreformBofBtheBprivateBheal
thBinsuranceBmarket;BprovidingBbetterBcoverageBforBthoseBwithBpre-
existingBconditions;BimprovingBprescriptionBdrugBcoverageBinBMedicare.



PeriodB-BAnswerBProbationary-

Elimination-BtheBwaitingBperiodBincludedBinBdisabilityBincomeBpolicies

Grace-

WaitingB(deductible)-
BTheBperiodBofBtimeBtheBinsuredBisBnotBeligibleBforBbenefitsBonceBtheyBbecomeBdisa
bledB(30,B60,B90days)



CoinsuranceB-BAnswerB-FeatureBofBMajorBMedicalBinsurance

-DefinedBasBsharingBtheBlossBafterBtheBdeductibleBhasBbeenBsatisfied

-
UsuallyBexpressedBasBpercentageBsharingBofBtheBlossBbetweenBtheBinsurerBandBtheBi
nsured

-InsurerBpaysBtheBlargerBpercentage,BsuchBasB90/10



GatekeeperB-BAnswerB-PrimaryBCareBPhysicianB

-CannotBbeBaBspecialist,BmustBbeBaBgeneralBpracticeBdoctor.



COBRAB-BAnswerB-ConsolidatedBOmnibusBBudgetBReconciliationBAct

-
ABlawBthatBallowsBpeopleBwhoBleaveBemploymentBtoBcontinueBtheirBhealthBinsurance
BunderBtheBcompanyBplanBforBaBlimitedBperiodBofBtime

, HIPCAPB-BAnswerB-FreeBcounseling



CoordinationBofBBenefitsB-BAnswerB-
ProvisionBthatBappliesBinBgroupBinsuranceBwhenBanBinsuredBhasBcoverageBunderBmult
ipleBplansBatBoneBtime.

-
CoordinationBofBbenefitsBisBincludedBinBallBgroupBhealthBinsuranceBpoliciesBinBorderBt
oBreinforceBtheBprincipleBofBindemnityBandBdetermineBwhichBcoverageBisBprimary,Bwh
ichBisBtheBcoverageBtheBinsuredBhasBwhereBtheyBwork.



KeoghBplanB-BAnswerB-ABretirementBplanBforBtheBself-employed



TheBSocialBSecurityBBlackoutB-BAnswerB-
PeriodBofBtimeBwhenBsurvivingBfamilyBmembersBareBNOTBeligibleBforBSocialBSecurityB
survivorsBbenefitsB

-BeginsBatB16

-EndsBatB60



PremiumB-BAnswerB-
TheBamountBtheBinsuredBpaysBtheBinsurerBforBtheBcoverageBprovided.



SolventBInsurerB-BAnswerBHasBenoughBreservesBtoBpayBforBallBitsBliabilities



TypesBofBLifeBPolicyBRiders:B-BAnswerB-WaiverBofBPremium-
BWaivesBtheBinsured'sBpremiumBifBtheBinsuredBbecomesBdisabled



-DisabilityBIncome-
BPaysBaBreplacementBofBtheBinsured'sBlostBincomeBifBtheBbecomeBdisabled.