Maine Life and Health Insurance State
Exam Simulator
A 66 year-old is covered under a group health plan while employed with a business that has
40 employees. If she injures herself while walking in the park, what coverage would be
considered primary? - correct answer-Her group health plan
The most important factor to consider when determining whether to convert term insurance
at the insured's attained age or the insured's original age is - correct answer-the cost
What type of life insurance incorporates flexible premiums and an adjustable death benefit? -
correct answer-Universal Life
S buys a $10,000 Whole Life policy in 2003 and pays an annual premium of $100. S dies 5
years later in 2008 and the insurer pays the beneficiary $10,500. What kind of rider did S
include on the policy? - correct answer-Return of premium rider
A producer who intentionally makes an untrue or incomplete statement in the course of an
insurance transaction may be guilty of - correct answer-Misrepresentation
Exam Simulator
A 66 year-old is covered under a group health plan while employed with a business that has
40 employees. If she injures herself while walking in the park, what coverage would be
considered primary? - correct answer-Her group health plan
The most important factor to consider when determining whether to convert term insurance
at the insured's attained age or the insured's original age is - correct answer-the cost
What type of life insurance incorporates flexible premiums and an adjustable death benefit? -
correct answer-Universal Life
S buys a $10,000 Whole Life policy in 2003 and pays an annual premium of $100. S dies 5
years later in 2008 and the insurer pays the beneficiary $10,500. What kind of rider did S
include on the policy? - correct answer-Return of premium rider
A producer who intentionally makes an untrue or incomplete statement in the course of an
insurance transaction may be guilty of - correct answer-Misrepresentation
