Nevada Life and Health Exam Simulator
Questions and Answers 2025
Z owns a disability income policy with a 30 day elimination period. Z contracts pneumonia
that leaves him unable to work from January 1 until January 15. He then becomes disabled
from an accident on February 1 and the disability last until July 1 the same year. She will
become eligible to receive benefits starting on?
March 1.
The elimination period is the period of time between the onset of a disability, and the time
you're eligible for benefits. It is best thought of as a deductible. For your policy. After a 30
day elimination. Z will become eligible for receiving benefits on March 1.
Which of the following best describes how pre-administration certifications are used?
Used to prevent nonessential medical costs.
Pre-administration certification is used to prevent unnecessary medical costs
When an insurance company sends a policy to the insured with an attached application, the
element that makes the application part of the contract between the insured and the insurer is
called:
.
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
Entire Contract provision
At the age of 45, an individual with draws $50,000 from his qualified profit-sharing plan and
then deposit this amount into a personal savings account. This action would result in:
Income tax and a 10% penalty assessed upon funds withdrawn from the
qualified plan.
The IRS says that withdraws of funds from a profit sharing plan may be subject to a 10% tax
penalty in addition to income taxes if they are made before the age of 59 1/2. This same
early withdrawal penalty applies to funds taken out of for 401(k) plans and traditional
individual retirement accounts.
If, at a time of an insured's death, the insurance company discovers that the insured's age was
missed stated on the application for life insurance, the company will most likely:
Pay the policy proceeds in the amount the premiums would have
purchased at the intrudes actual age
An insurance company must clearly specify questions design to obtain information solely for
marketing research:
In any insurance transaction.
.
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
An insurance company must clearly specify questions designed to obtain information for
marketing research in any insurance transaction.
What foremost an applicant be provided with prior to policy delivery if it's replacing an
existing health policy?
Notice regarding replacement.
Health insurance application forms must contain a question asking the applicant whether the
policy being applied for is intended to replace a health policy currently in force. If so the
agent must provide the applicant with a notice regarding replacement prior to delivering the
policy.
A variable insurance policy:
Does not guarantee a return of its investment accounts.
In contrast variable insurance products do not guarantee contract cash values, and it is the
policy owner who assumes the investment risk. Variable life insurance contracts do not make
any promises as to either interest rates or minimum cash values.
An individual disability income insurance applicant may be required to submit all the following
except:
.
Questions and Answers 2025
Z owns a disability income policy with a 30 day elimination period. Z contracts pneumonia
that leaves him unable to work from January 1 until January 15. He then becomes disabled
from an accident on February 1 and the disability last until July 1 the same year. She will
become eligible to receive benefits starting on?
March 1.
The elimination period is the period of time between the onset of a disability, and the time
you're eligible for benefits. It is best thought of as a deductible. For your policy. After a 30
day elimination. Z will become eligible for receiving benefits on March 1.
Which of the following best describes how pre-administration certifications are used?
Used to prevent nonessential medical costs.
Pre-administration certification is used to prevent unnecessary medical costs
When an insurance company sends a policy to the insured with an attached application, the
element that makes the application part of the contract between the insured and the insurer is
called:
.
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
Entire Contract provision
At the age of 45, an individual with draws $50,000 from his qualified profit-sharing plan and
then deposit this amount into a personal savings account. This action would result in:
Income tax and a 10% penalty assessed upon funds withdrawn from the
qualified plan.
The IRS says that withdraws of funds from a profit sharing plan may be subject to a 10% tax
penalty in addition to income taxes if they are made before the age of 59 1/2. This same
early withdrawal penalty applies to funds taken out of for 401(k) plans and traditional
individual retirement accounts.
If, at a time of an insured's death, the insurance company discovers that the insured's age was
missed stated on the application for life insurance, the company will most likely:
Pay the policy proceeds in the amount the premiums would have
purchased at the intrudes actual age
An insurance company must clearly specify questions design to obtain information solely for
marketing research:
In any insurance transaction.
.
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
An insurance company must clearly specify questions designed to obtain information for
marketing research in any insurance transaction.
What foremost an applicant be provided with prior to policy delivery if it's replacing an
existing health policy?
Notice regarding replacement.
Health insurance application forms must contain a question asking the applicant whether the
policy being applied for is intended to replace a health policy currently in force. If so the
agent must provide the applicant with a notice regarding replacement prior to delivering the
policy.
A variable insurance policy:
Does not guarantee a return of its investment accounts.
In contrast variable insurance products do not guarantee contract cash values, and it is the
policy owner who assumes the investment risk. Variable life insurance contracts do not make
any promises as to either interest rates or minimum cash values.
An individual disability income insurance applicant may be required to submit all the following
except:
.
