Missouri Life and Health Insurance
QUESTIONS AND ANSWERS
1. "A 30 12 months old wants to buy a coverage that will pay at one hundred but stops
paying via 65" - ANSWER-- 30 pay-lifestyles
2. "A fitness protection enterprise (HMO) is defined by which of the following" - ANSWER--
Providing preventative clinical treatment
3. "All of the following are types of health plans except" - ANSWER-- MIB
4. "Business is all of the following except" - ANSWER-- The insured
5. "Coercion" - ANSWER-- Illegal to mention you need to buy from financial institution
6. "Conversion is" - ANSWER-- State mandated
7. "Covered as any other illness" - ANSWER-- Complications of being pregnant
8. "Director does all of the following except" - ANSWER-- Director could make
regulations to carry out laws
9. "First yr commission" - ANSWER-- 2X or two hundred%
10."How does crucial contamination or special ailment pay" - ANSWER-- Lump sum
11."How lots are you able to borrow from complete life" - ANSWER-- Up to cash price
12."How regularly can they test books and data" - ANSWER-- As regularly as deemed
necessary
- At least each five years
13."If you turn out to be disabled inside 7 months" - ANSWER-- "Waived top rate"
14."Insurance business enterprise will do all the following except" - ANSWER-- Inform MIB
15."Is not enough to lose license" - ANSWER-- Accused
16."Key character in the organisation quits" - ANSWER-- Do whatever they need with
coverage
17."License agent" - ANSWER-- Protect the public
18."Multiple agency agree with" - ANSWER-- Bond collectively to get competitive fees
19."Not certified" - ANSWER-- Split dollar
20."Primary insurance amount" - ANSWER-- Social safety
21."Residual earnings of disability" - ANSWER-- Percentage lack of profits
22."Social Security additionally refereed as..." - ANSWER-- Old Age Survivors Disability
Insurance- OASDI
23."Suzie wants coverage at the same time as on faculty activities" - ANSWER-- Blanket
policy
24."The lender is all the following exept" - ANSWER-- The top class payer
25."What can preserve an entire existence policy in force" - ANSWER-- So it does not
final top rate
26."What determines if the coverage will become an make investments to existence
coverage" - ANSWER-- 7 pay
27."What is it called whilst you are taking a discounted paid-up at the identical time as
taking a new coverage" - ANSWER-- Replacement
,28."When does an insurance policy pass into effect" - ANSWER-- When the insured gets
it
29."When you die how an awful lot will bank acquire" - ANSWER-- Never more than the
quantity of the debt
30."Which non-forfeiture option is default selected within the policy proprietor has no longer
made a variety" - ANSWER-- Extended time period
31."Which of the subsequent applies to first-dollar coverage" - ANSWER-- Basic hospital
32."Which of the following is a type of deductible for a incapacity earnings coverage" -
ANSWER-- Elimination duration
33."Which of the subsequent is confined pay existence" - ANSWER-- Life paid-up at 65
34."Which of the subsequent is not an insurance organisation?" - ANSWER-- Blue go-
Blue protect
35."Which of the following will provide blessings for" - ANSWER-- Realestate agent that
has broke leg but can nevertheless make cellphone calls
36."Which of the following might offer blessings for much less than 24 hours of care" -
ANSWER-- Adult day care
37."Which settlement alternative leaves the principle amount for the loss of life by myself?" -
ANSWER-- Interest choice
38."Why might an employer pay for nonoccupational insurance" - ANSWER-- Already
paying people comp
39."Workers comp pays for the following besides" - ANSWER-- Not pay for lawyers fees
40.three forms of time period coverage - ANSWER-- Level
- Increasing
- Decreasing
- The top class is stage at some point of the term of the coverage
- Only the death gain can also fluctuate
41.403 (B) - ANSWER-- Teachers
- Non-earnings businesses
42.Absolute task - ANSWER-- Transferring all rights of ownership to some other
individual or entity
43.Accelerated (residing) benfits - ANSWER-- Accelerated residing blessings allow early
charge of a part of the death advantage if:
- Terminally ill
- Needs organ transplant
- Inability to perform day by day activities
- Permanent institutionalization
44.Accelerated blessings - ANSWER-- Benefits are tax unfastened
45.Accident-simplest - ANSWER-- Only can pay for losses attributable to injuries and
not illness
46.Accidental - ANSWER-- Cause of the coincidence need to be sudden and
unintentional
47.Accidental physical damage - ANSWER-- Damage to the frame is unexpected and
unintended
, 48.Accidental loss of life and dismemberment rider - ANSWER-- can pay principle (face
amount)
- pays capital sum (percent amount)
49.Accidental loss of life rider - ANSWER-- Pays a more than one of face amount (2x or
3x)
- Death need to occur within ninety days of accident
50.Accumulation at hobby - ANSWER-- Insurance company maintains the dividend in
an quantity where it accumulates interest
- The interest at the dividends is taxable to the policyowner whilst credited to the
coverage
51.Adjustable existence - ANSWER-- "Adjustable lifestyles can be term or whole life"
- Increase or decrease the top rate
- Increase or lower the face amount
- Change the length of safety
52.Adopted youngsters - ANSWER-- Have insurance from beginning if a petition is
filled inside 30 days
- Mother is protected for ninety days of cereget
53.Adverse selection - ANSWER-- Risks which are much more likely to suffer a loss
- Protects the insurer
54.Advertisements - ANSWER-- Company is accountable irrespective of who wrote,
created the classified ads
55.Agents record - ANSWER-- Observations regarding the proposed insured
- Does now not come to be part of the complete settlement
- communicate with underwriter and provide info approximately the applicant
known via the agent
56.Aleatory - ANSWER-- An change of unequal quantities or values
57.Annual deductible (calendar yr deductible) - ANSWER-- Paid once a yr
58.Annually Renewable Term - ANSWER-- Purest form of time period coverage
- Death advantages continue to be level
- Guaranteed renewable each 12 months without proof of insurability
- Premium increases yearly in line with age
59.Annually renewable time period functions - ANSWER-- Evidence of insurability is not
required (except applicant is enrolling for insurance outside normal enrollment
duration)
- Insureds underneath the plan do not get hold of a coverage due to the fact they
do no longer very own or control the policy
60.Annuitant - ANSWER-- Person who receives advantages or bills from the annuity
- A organisation, believe, or felony entity might also personal an annuity but the
annuitant bust be someone
61.Annuity - ANSWER-- Provide profits for amount of years or for life
- Protects character outliving their cash
- Do now not pay face quantity upon death of annuitant
- Use mortality tables
- Not lifestyles coverage
QUESTIONS AND ANSWERS
1. "A 30 12 months old wants to buy a coverage that will pay at one hundred but stops
paying via 65" - ANSWER-- 30 pay-lifestyles
2. "A fitness protection enterprise (HMO) is defined by which of the following" - ANSWER--
Providing preventative clinical treatment
3. "All of the following are types of health plans except" - ANSWER-- MIB
4. "Business is all of the following except" - ANSWER-- The insured
5. "Coercion" - ANSWER-- Illegal to mention you need to buy from financial institution
6. "Conversion is" - ANSWER-- State mandated
7. "Covered as any other illness" - ANSWER-- Complications of being pregnant
8. "Director does all of the following except" - ANSWER-- Director could make
regulations to carry out laws
9. "First yr commission" - ANSWER-- 2X or two hundred%
10."How does crucial contamination or special ailment pay" - ANSWER-- Lump sum
11."How lots are you able to borrow from complete life" - ANSWER-- Up to cash price
12."How regularly can they test books and data" - ANSWER-- As regularly as deemed
necessary
- At least each five years
13."If you turn out to be disabled inside 7 months" - ANSWER-- "Waived top rate"
14."Insurance business enterprise will do all the following except" - ANSWER-- Inform MIB
15."Is not enough to lose license" - ANSWER-- Accused
16."Key character in the organisation quits" - ANSWER-- Do whatever they need with
coverage
17."License agent" - ANSWER-- Protect the public
18."Multiple agency agree with" - ANSWER-- Bond collectively to get competitive fees
19."Not certified" - ANSWER-- Split dollar
20."Primary insurance amount" - ANSWER-- Social safety
21."Residual earnings of disability" - ANSWER-- Percentage lack of profits
22."Social Security additionally refereed as..." - ANSWER-- Old Age Survivors Disability
Insurance- OASDI
23."Suzie wants coverage at the same time as on faculty activities" - ANSWER-- Blanket
policy
24."The lender is all the following exept" - ANSWER-- The top class payer
25."What can preserve an entire existence policy in force" - ANSWER-- So it does not
final top rate
26."What determines if the coverage will become an make investments to existence
coverage" - ANSWER-- 7 pay
27."What is it called whilst you are taking a discounted paid-up at the identical time as
taking a new coverage" - ANSWER-- Replacement
,28."When does an insurance policy pass into effect" - ANSWER-- When the insured gets
it
29."When you die how an awful lot will bank acquire" - ANSWER-- Never more than the
quantity of the debt
30."Which non-forfeiture option is default selected within the policy proprietor has no longer
made a variety" - ANSWER-- Extended time period
31."Which of the subsequent applies to first-dollar coverage" - ANSWER-- Basic hospital
32."Which of the following is a type of deductible for a incapacity earnings coverage" -
ANSWER-- Elimination duration
33."Which of the subsequent is confined pay existence" - ANSWER-- Life paid-up at 65
34."Which of the subsequent is not an insurance organisation?" - ANSWER-- Blue go-
Blue protect
35."Which of the following will provide blessings for" - ANSWER-- Realestate agent that
has broke leg but can nevertheless make cellphone calls
36."Which of the following might offer blessings for much less than 24 hours of care" -
ANSWER-- Adult day care
37."Which settlement alternative leaves the principle amount for the loss of life by myself?" -
ANSWER-- Interest choice
38."Why might an employer pay for nonoccupational insurance" - ANSWER-- Already
paying people comp
39."Workers comp pays for the following besides" - ANSWER-- Not pay for lawyers fees
40.three forms of time period coverage - ANSWER-- Level
- Increasing
- Decreasing
- The top class is stage at some point of the term of the coverage
- Only the death gain can also fluctuate
41.403 (B) - ANSWER-- Teachers
- Non-earnings businesses
42.Absolute task - ANSWER-- Transferring all rights of ownership to some other
individual or entity
43.Accelerated (residing) benfits - ANSWER-- Accelerated residing blessings allow early
charge of a part of the death advantage if:
- Terminally ill
- Needs organ transplant
- Inability to perform day by day activities
- Permanent institutionalization
44.Accelerated blessings - ANSWER-- Benefits are tax unfastened
45.Accident-simplest - ANSWER-- Only can pay for losses attributable to injuries and
not illness
46.Accidental - ANSWER-- Cause of the coincidence need to be sudden and
unintentional
47.Accidental physical damage - ANSWER-- Damage to the frame is unexpected and
unintended
, 48.Accidental loss of life and dismemberment rider - ANSWER-- can pay principle (face
amount)
- pays capital sum (percent amount)
49.Accidental loss of life rider - ANSWER-- Pays a more than one of face amount (2x or
3x)
- Death need to occur within ninety days of accident
50.Accumulation at hobby - ANSWER-- Insurance company maintains the dividend in
an quantity where it accumulates interest
- The interest at the dividends is taxable to the policyowner whilst credited to the
coverage
51.Adjustable existence - ANSWER-- "Adjustable lifestyles can be term or whole life"
- Increase or decrease the top rate
- Increase or lower the face amount
- Change the length of safety
52.Adopted youngsters - ANSWER-- Have insurance from beginning if a petition is
filled inside 30 days
- Mother is protected for ninety days of cereget
53.Adverse selection - ANSWER-- Risks which are much more likely to suffer a loss
- Protects the insurer
54.Advertisements - ANSWER-- Company is accountable irrespective of who wrote,
created the classified ads
55.Agents record - ANSWER-- Observations regarding the proposed insured
- Does now not come to be part of the complete settlement
- communicate with underwriter and provide info approximately the applicant
known via the agent
56.Aleatory - ANSWER-- An change of unequal quantities or values
57.Annual deductible (calendar yr deductible) - ANSWER-- Paid once a yr
58.Annually Renewable Term - ANSWER-- Purest form of time period coverage
- Death advantages continue to be level
- Guaranteed renewable each 12 months without proof of insurability
- Premium increases yearly in line with age
59.Annually renewable time period functions - ANSWER-- Evidence of insurability is not
required (except applicant is enrolling for insurance outside normal enrollment
duration)
- Insureds underneath the plan do not get hold of a coverage due to the fact they
do no longer very own or control the policy
60.Annuitant - ANSWER-- Person who receives advantages or bills from the annuity
- A organisation, believe, or felony entity might also personal an annuity but the
annuitant bust be someone
61.Annuity - ANSWER-- Provide profits for amount of years or for life
- Protects character outliving their cash
- Do now not pay face quantity upon death of annuitant
- Use mortality tables
- Not lifestyles coverage
