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LOUISIANA LIFE AND HEALTH INSURANCE EXAM NEWEST
2026/2027 WITH 300+ COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)|ALREADY GRADED
A+||JUST OUT!!!
If the insured dies, the insurer pays the full amount, also known
as the "principal sum". Principal sum will most likely be paid out
if the insured loses sight in both eyes or loses two limbs. If the
insured lives but loses a hand or foot or the sight in one eye,
the insured will be paid a percentage of the principal sum,
called the "capital sum."
How is the amount of Social Security disability benefits
calculated?
A. It is based on age, number of quarters worked in the last 20
years (minimum of 60) and the number of health claims made
during that period of time.
B. It is based upon the worker's Primary Insurance Amount
(PIA), which is calculated from their Average Indexed Monthly
Earnings over their highest 35 years.
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C. It is based upon the worker's Primary Insurance Amount
(PIA), which is calculated from their Average Indexed Monthly
Earnings over their highest 30 years.
D. It is based on age, number of quarters worked in the last 25
years (minimum of 80) and the number of health claims made
during that period of time. - ANSWER-B. It is based upon the
worker's Primary Insurance Amount (PIA), which is calculated
from their Average Indexed Monthly Earnings over their highest
35 years.
The amount of Social Security disability benefits is based upon
the worker's Primary Insurance Amount (PIA), which is
calculated from their Average Indexed Monthly Earnings over
their highest 35 years. The lowest 5 years of income may be
deleted from calculation.
When does a person qualify to receive disability-related
income?
A. When an insured is hospitalized for more than one week
B. When the insured is unable to perform his/her job duties
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C. When the disability reaches a designated state of severity
D. When an injury is severe and the insured is not a dependent -
ANSWER-B. When the insured is unable to perform his/her job
duties
A person must be unable to perform his/her occupation in
order to be eligible for disability income benefits.
All of the following are true about group disability Income
insurance EXCEPT
A. Benefits are usually short term.
B. The waiting period starts at the onset of the injury or
sickness.
C. The longer the waiting period, the lower the premium.
D. Coverage applies both on and off the job. - ANSWER-D.
Coverage applies both on and off the job.
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Employees who are injured on the job are covered by Workers
Compensation insurance. Group Disability Income insurance is
designed to cover employees only while they are off the job, so
the coverage is considered to be nonoccupational in nature.
A small business owner is the insured under a disability policy
that funds a buy-sell agreement. If the owner dies or becomes
disabled, the policy would provide which of the following?
A. Cash to the owner's business partner to accomplish a buyout
B. The rent money for the building
C. The business manager's salary
D. Disability insurance for the owner - ANSWER-A. Cash to the
owner's business partner to accomplish a buyout
If an owner dies or becomes disabled, the disability policy
under the buy-sell agreement would provide enough cash to
accomplish a buyout of the company.
LOUISIANA LIFE AND HEALTH INSURANCE EXAM NEWEST
2026/2027 WITH 300+ COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)|ALREADY GRADED
A+||JUST OUT!!!
If the insured dies, the insurer pays the full amount, also known
as the "principal sum". Principal sum will most likely be paid out
if the insured loses sight in both eyes or loses two limbs. If the
insured lives but loses a hand or foot or the sight in one eye,
the insured will be paid a percentage of the principal sum,
called the "capital sum."
How is the amount of Social Security disability benefits
calculated?
A. It is based on age, number of quarters worked in the last 20
years (minimum of 60) and the number of health claims made
during that period of time.
B. It is based upon the worker's Primary Insurance Amount
(PIA), which is calculated from their Average Indexed Monthly
Earnings over their highest 35 years.
,2|Page
C. It is based upon the worker's Primary Insurance Amount
(PIA), which is calculated from their Average Indexed Monthly
Earnings over their highest 30 years.
D. It is based on age, number of quarters worked in the last 25
years (minimum of 80) and the number of health claims made
during that period of time. - ANSWER-B. It is based upon the
worker's Primary Insurance Amount (PIA), which is calculated
from their Average Indexed Monthly Earnings over their highest
35 years.
The amount of Social Security disability benefits is based upon
the worker's Primary Insurance Amount (PIA), which is
calculated from their Average Indexed Monthly Earnings over
their highest 35 years. The lowest 5 years of income may be
deleted from calculation.
When does a person qualify to receive disability-related
income?
A. When an insured is hospitalized for more than one week
B. When the insured is unable to perform his/her job duties
,3|Page
C. When the disability reaches a designated state of severity
D. When an injury is severe and the insured is not a dependent -
ANSWER-B. When the insured is unable to perform his/her job
duties
A person must be unable to perform his/her occupation in
order to be eligible for disability income benefits.
All of the following are true about group disability Income
insurance EXCEPT
A. Benefits are usually short term.
B. The waiting period starts at the onset of the injury or
sickness.
C. The longer the waiting period, the lower the premium.
D. Coverage applies both on and off the job. - ANSWER-D.
Coverage applies both on and off the job.
, 4|Page
Employees who are injured on the job are covered by Workers
Compensation insurance. Group Disability Income insurance is
designed to cover employees only while they are off the job, so
the coverage is considered to be nonoccupational in nature.
A small business owner is the insured under a disability policy
that funds a buy-sell agreement. If the owner dies or becomes
disabled, the policy would provide which of the following?
A. Cash to the owner's business partner to accomplish a buyout
B. The rent money for the building
C. The business manager's salary
D. Disability insurance for the owner - ANSWER-A. Cash to the
owner's business partner to accomplish a buyout
If an owner dies or becomes disabled, the disability policy
under the buy-sell agreement would provide enough cash to
accomplish a buyout of the company.
