6/11/25, 8:44 AM SOUTH DAKOTA LIFE AND HEALTH FINAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE (A+ GRADED 100% VERI…
SOUTH DAKOTA LIFE AND HEALTH FINAL EXAM
QUESTIONS WITH COMPLETE SOLUTION GUIDE
(A+ GRADED 100% VERIFIED) LATEST VERSION
2025!!
Save
Terms in this set (141)
Company Z has a Cross Each partner must own a policy on the other partners
Purchase Buy-Sell
Agreement in place
among its three founding
partners. If the agreement
is funded with individual
life insurance, what would
it require?
Which statement Coverage will be adjusted to reflect the insured's true
regarding the age if a misstatement of age is discovered
Misstatement of Age
provision is considered to
be true?
Which contract permits Disability Buy-Sell
the remaining partners to
buy-out the interest of a
disabled business
partner?
A term life insurance upon the insured's death during the term of the policy
policy matures:
https://quizlet.com/1053328878/south-dakota-life-and-health-final-exam-questions-with-complete-solution-guide-a-graded-100-verified-latest-version-… 1/26
,6/11/25, 8:44 AM SOUTH DAKOTA LIFE AND HEALTH FINAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE (A+ GRADED 100% VERI…
If a retiree on Medicare Medicare Supplement
required five hospital stays
in one year, which policy
would provide the best
insurance for excess
hospital expenses?
K becomes ill after Disability Income
traveling overseas and is
unable to work for 3
months. What kind of
policy would cover her
loss of income?
S is employed by a large 36
corporation that provides
group health coverage for
its employees and their
dependents. If S dies, the
company must allow his
surviving spouse and
dependents to continue
their group health
coverage for a maximum
of how many months
under COBRA
regulations?
Group life insurance annually renewable term
policies are generally
written as:
An insurance applicant Fair Credit Reporting Act
MUST be informed of an
investigation regarding
his/her reputation and
character according to the
https://quizlet.com/1053328878/south-dakota-life-and-health-final-exam-questions-with-complete-solution-guide-a-graded-100-verified-latest-version-… 2/26
, 6/11/25, 8:44 AM SOUTH DAKOTA LIFE AND HEALTH FINAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE (A+ GRADED 100% VERI…
An example of rebating splitting the commission with the buyer on a sale of
would be insurance
A noncontributory group the entire cost of the plan is paid for by the employer
term life plan is
characterized by:
Which of these Business owner becoming disabled
circumstances is a
Business Disability Buy-
Sell policy designed to
help in the sale of a
business?
Which of the following is Probationary Period
considered to be the time
period after a Health
Policy is issued, during
which no benefits are
provided for illness?
The Common Disaster This clause provides the payment of proceeds to the
clause provides that if insured's estate
both the insured and the
sole name beneficiary
were to die in a common
accident, which of the
following is true?
A retirement plan that sets profit-sharing plan
aside part of the
company's net income for
distributions to qualified
employees is called a:
What is being delivered Insurance contract to the proposed insured
during a policy delivery?
https://quizlet.com/1053328878/south-dakota-life-and-health-final-exam-questions-with-complete-solution-guide-a-graded-100-verified-latest-version-… 3/26
SOUTH DAKOTA LIFE AND HEALTH FINAL EXAM
QUESTIONS WITH COMPLETE SOLUTION GUIDE
(A+ GRADED 100% VERIFIED) LATEST VERSION
2025!!
Save
Terms in this set (141)
Company Z has a Cross Each partner must own a policy on the other partners
Purchase Buy-Sell
Agreement in place
among its three founding
partners. If the agreement
is funded with individual
life insurance, what would
it require?
Which statement Coverage will be adjusted to reflect the insured's true
regarding the age if a misstatement of age is discovered
Misstatement of Age
provision is considered to
be true?
Which contract permits Disability Buy-Sell
the remaining partners to
buy-out the interest of a
disabled business
partner?
A term life insurance upon the insured's death during the term of the policy
policy matures:
https://quizlet.com/1053328878/south-dakota-life-and-health-final-exam-questions-with-complete-solution-guide-a-graded-100-verified-latest-version-… 1/26
,6/11/25, 8:44 AM SOUTH DAKOTA LIFE AND HEALTH FINAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE (A+ GRADED 100% VERI…
If a retiree on Medicare Medicare Supplement
required five hospital stays
in one year, which policy
would provide the best
insurance for excess
hospital expenses?
K becomes ill after Disability Income
traveling overseas and is
unable to work for 3
months. What kind of
policy would cover her
loss of income?
S is employed by a large 36
corporation that provides
group health coverage for
its employees and their
dependents. If S dies, the
company must allow his
surviving spouse and
dependents to continue
their group health
coverage for a maximum
of how many months
under COBRA
regulations?
Group life insurance annually renewable term
policies are generally
written as:
An insurance applicant Fair Credit Reporting Act
MUST be informed of an
investigation regarding
his/her reputation and
character according to the
https://quizlet.com/1053328878/south-dakota-life-and-health-final-exam-questions-with-complete-solution-guide-a-graded-100-verified-latest-version-… 2/26
, 6/11/25, 8:44 AM SOUTH DAKOTA LIFE AND HEALTH FINAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE (A+ GRADED 100% VERI…
An example of rebating splitting the commission with the buyer on a sale of
would be insurance
A noncontributory group the entire cost of the plan is paid for by the employer
term life plan is
characterized by:
Which of these Business owner becoming disabled
circumstances is a
Business Disability Buy-
Sell policy designed to
help in the sale of a
business?
Which of the following is Probationary Period
considered to be the time
period after a Health
Policy is issued, during
which no benefits are
provided for illness?
The Common Disaster This clause provides the payment of proceeds to the
clause provides that if insured's estate
both the insured and the
sole name beneficiary
were to die in a common
accident, which of the
following is true?
A retirement plan that sets profit-sharing plan
aside part of the
company's net income for
distributions to qualified
employees is called a:
What is being delivered Insurance contract to the proposed insured
during a policy delivery?
https://quizlet.com/1053328878/south-dakota-life-and-health-final-exam-questions-with-complete-solution-guide-a-graded-100-verified-latest-version-… 3/26
