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NYS Life, accident, and health insurance Exam
Questions and Answers Latest Updated 2024
1. Which type of life insurance policy is best suited for paying off the
outstanding balance of a 30-year mortgage in the event of the insured's death? - answers>30-year
decreasing term.
2. How many days notice does the ACA require insurers to give before rescinding
coverage? - answers>30
3. A signed good health statement may be requested by a life producer at the time of -
answers>Policy Delivery
4. Carol purchases a whole life policy that provides a choice of dividend
options. This policy is required to include a statement that the dividends are - answers>Not
Guaranteeed
5. Tim is confined to a nursing home but doesn't have a terminal illness. Which life
insurance rider is designed to help pay for this type of expense?
- answers>Long-term care benefit rider
6. An insured is covered under a group long-term disability policy. Under this type of
policy, the definition of disability based on any occupation
typically applies - answers>After two years of disability
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7. Sylvia purchased an annuity for $100,000 from the proceeds of an
inheritance. No further payments are permitted and the income stream
begins in 15 years. This contract is a(n) - answers>Single premium deferred annuity
8. Which of these is NOT a factor that influences group health insurance underwriting? -
answers>Physical exams of group members
9. What is the grace period required for an individual accident and health insurance policy
with monthly premiums? - answers>10 days
10. In regards to technology and the ACA, which of the following statements is correct? -
answers>States which operate with an Exchange must offer an internet-based portal
11. Insurable interest involves what assumption? - answers>One person benefits from
another person's continued life
12. Which of these policies is considered a whole life policy? -
answers>Single premium life
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NYS Life, accident, and health insurance Exam
Questions and Answers Latest Updated 2024
1. Which type of life insurance policy is best suited for paying off the
outstanding balance of a 30-year mortgage in the event of the insured's death? - answers>30-year
decreasing term.
2. How many days notice does the ACA require insurers to give before rescinding
coverage? - answers>30
3. A signed good health statement may be requested by a life producer at the time of -
answers>Policy Delivery
4. Carol purchases a whole life policy that provides a choice of dividend
options. This policy is required to include a statement that the dividends are - answers>Not
Guaranteeed
5. Tim is confined to a nursing home but doesn't have a terminal illness. Which life
insurance rider is designed to help pay for this type of expense?
- answers>Long-term care benefit rider
6. An insured is covered under a group long-term disability policy. Under this type of
policy, the definition of disability based on any occupation
typically applies - answers>After two years of disability
A+ Page 1
, Created By: A Solution
7. Sylvia purchased an annuity for $100,000 from the proceeds of an
inheritance. No further payments are permitted and the income stream
begins in 15 years. This contract is a(n) - answers>Single premium deferred annuity
8. Which of these is NOT a factor that influences group health insurance underwriting? -
answers>Physical exams of group members
9. What is the grace period required for an individual accident and health insurance policy
with monthly premiums? - answers>10 days
10. In regards to technology and the ACA, which of the following statements is correct? -
answers>States which operate with an Exchange must offer an internet-based portal
11. Insurable interest involves what assumption? - answers>One person benefits from
another person's continued life
12. Which of these policies is considered a whole life policy? -
answers>Single premium life
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