Missouri Life and Health Exam with Complete
Solutions| Latest Update
A disability income policyowner suffers a disability which is due to the same cause as a previous
disability. Both disabilities occurred within a five-month period. The insurer may cover the
second disability without a new elimination period under the:
a) residual disability provision
b) presumptive disability provision
c) recurrent disability provision
d) partial disability provision Correct Ans-recurrent disability provision
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy?
a) if the primary beneficiary is a minor at the time of the insured's death
b) if the primary beneficiary dies before the insured
c) if the insured dies of accidental causes
d) if the insured dies of natural causes Correct Ans-if the primary beneficiary dies before the
insured
When an insured has the same disability within a specified time period and the insurance
company provides the same benefits without a new waiting period, the second disability is
covered under which of the following benefits? Correct Ans-recurrent disability
Which of the following activities may NOT be granted as credit for continuing education units?
,a) attending seminars
b) attending lectures
c) meeting sales quotas
d) completing home studies Correct Ans-meeting sales quotas
Which of the following policies combines investment choices with a form of term coverage?
a) Limited-Pay Life
b) variable universal life
c) universal life
d) adjustable life Correct Ans-variable universal life
Which of these is considered a mandatory provision?
a) payment of claims
b) insurance with other insurers
c) misstatement of age
d) change of occupation Correct Ans-payment of claims
Which of the following BEST describes how pre-admission certifications are used?
a) used to assist in underwriting
b) used to prevent nonessential medical costs
c) used to minimize hospital lawsuits
d) used to help process claims Correct Ans-used to prevent nonessential medical costs
,The suicide provision for life policies would apply to
a) individual life policies for up to 5 years
b) subsequent increases in benefits
c) insane individuals only
d) sane individuals only Correct Ans-subsequent increases in benefits
What is the elimination period of an individual disability policy?
a) time period an insured must wait before coverage begins
b) time period a disabled person must wait before benefits are paid
c) time period after the policy issue date in which the provisions are still contestable
d) the point in time when benefits are no longer payable Correct Ans-time period a disabled
person must wait before benefits are paid
A policyowner's rights are limited under which beneficiary designation?
a) revocable
b) tertiary
c) contingent
d) irrevocable Correct Ans-irrevocable
Under a Renewable Term policy,
a) the face amount is automatically adjusted at the time or renewal
b) evidence of insurability must be provided at each renewal
, c) the renewal premium is calculated on the basis of the insured's attained age
d) a new application must be completed at each renewal Correct Ans-the renewal premium is
calculated on the basis of the insured's attained age
What is the underlying concept regarding level premiums?
a) level premiums build cash value quicker in the earlier years
b) the earlier years are charged more than what is needed
c) the early years are charged less than what is needed
d) level premiums can only be paid annually Correct Ans-the earlier years are charged more
than what is needed
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 Ans-Her group health plan
which provision allows the policyowner to change a term life policy to a permanent one without
providing proof of good health?
A. Modification
B. Conversion
C. Exchange
D. Adjustable Correct Ans-Conversion
On delivery of a policy, a signed statement of good health is typically requested if:
a) a conditional receipt was given to the applicant
Solutions| Latest Update
A disability income policyowner suffers a disability which is due to the same cause as a previous
disability. Both disabilities occurred within a five-month period. The insurer may cover the
second disability without a new elimination period under the:
a) residual disability provision
b) presumptive disability provision
c) recurrent disability provision
d) partial disability provision Correct Ans-recurrent disability provision
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy?
a) if the primary beneficiary is a minor at the time of the insured's death
b) if the primary beneficiary dies before the insured
c) if the insured dies of accidental causes
d) if the insured dies of natural causes Correct Ans-if the primary beneficiary dies before the
insured
When an insured has the same disability within a specified time period and the insurance
company provides the same benefits without a new waiting period, the second disability is
covered under which of the following benefits? Correct Ans-recurrent disability
Which of the following activities may NOT be granted as credit for continuing education units?
,a) attending seminars
b) attending lectures
c) meeting sales quotas
d) completing home studies Correct Ans-meeting sales quotas
Which of the following policies combines investment choices with a form of term coverage?
a) Limited-Pay Life
b) variable universal life
c) universal life
d) adjustable life Correct Ans-variable universal life
Which of these is considered a mandatory provision?
a) payment of claims
b) insurance with other insurers
c) misstatement of age
d) change of occupation Correct Ans-payment of claims
Which of the following BEST describes how pre-admission certifications are used?
a) used to assist in underwriting
b) used to prevent nonessential medical costs
c) used to minimize hospital lawsuits
d) used to help process claims Correct Ans-used to prevent nonessential medical costs
,The suicide provision for life policies would apply to
a) individual life policies for up to 5 years
b) subsequent increases in benefits
c) insane individuals only
d) sane individuals only Correct Ans-subsequent increases in benefits
What is the elimination period of an individual disability policy?
a) time period an insured must wait before coverage begins
b) time period a disabled person must wait before benefits are paid
c) time period after the policy issue date in which the provisions are still contestable
d) the point in time when benefits are no longer payable Correct Ans-time period a disabled
person must wait before benefits are paid
A policyowner's rights are limited under which beneficiary designation?
a) revocable
b) tertiary
c) contingent
d) irrevocable Correct Ans-irrevocable
Under a Renewable Term policy,
a) the face amount is automatically adjusted at the time or renewal
b) evidence of insurability must be provided at each renewal
, c) the renewal premium is calculated on the basis of the insured's attained age
d) a new application must be completed at each renewal Correct Ans-the renewal premium is
calculated on the basis of the insured's attained age
What is the underlying concept regarding level premiums?
a) level premiums build cash value quicker in the earlier years
b) the earlier years are charged more than what is needed
c) the early years are charged less than what is needed
d) level premiums can only be paid annually Correct Ans-the earlier years are charged more
than what is needed
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 Ans-Her group health plan
which provision allows the policyowner to change a term life policy to a permanent one without
providing proof of good health?
A. Modification
B. Conversion
C. Exchange
D. Adjustable Correct Ans-Conversion
On delivery of a policy, a signed statement of good health is typically requested if:
a) a conditional receipt was given to the applicant
